PIPING INDUSTRY PROGRESS AND EDUCATION LABOR-MANAGEMENT COOPERATION COMMITTEE (EIN 953942172) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

jay chase

Phone

2133825255

Tax Period

2024-01-01 to 2024-12-31

PIPING INDUSTRY PROGRESS AND EDUCATION LABOR-MANAGEMENT COOPERATION COMMITTEE, founded in 1985, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.2M, a strong 43% operating margin.

Mission

the executive director and directors are provided first-class travel when attending organization related business functions. all travel and travel arrangements are reviewed and approved by the board. the organization has a written policy regarding payment or reimbursement of all travel expenses and requires substantiation prior to reimbursing or allowing any travel expenses incurred by all officers, directors, trustees and/or executive directors.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,257,951

Investment Income $301,030

Other Revenue $133,000

TOTAL REVENUE $9,691,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,763,945

Fundraising Expenses $0

Other Expenses $3,758,896

TOTAL EXPENSES $5,522,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,691,981	$7,827,923	+0.2%
Expenses	$5,522,841	$13,726,699	-0.6%
Net Income	$4,169,140	$-5,898,776	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$842,747

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER CHEEK	DIRECTOR	40.0	Key Emp	$187,260	$94,545	$281,805
JARROD FERRUCCIO	EXECUTIVE DIRECTOR	40.0	Key Emp	$187,260	$94,545	$281,805
JEFFREY MODRZEJEWSKI	DIRECTOR OF GOVERNMENT AFFAIRS	40.0	Highest	$187,260	$94,545	$281,805
DOUG WILSON	DIRECTOR OF PLUMBING SERVICES	40.0	Highest	$187,260	$94,545	$281,805
LUIS REYES	DIRECTOR	40.0	Key Emp	$187,260	$91,877	$279,137
MARK BURNSIDE	HVACR RECRUITER	40.0	Highest	$155,286	$83,493	$238,779
JOSE PINA-ESCOTO	SENIOR RESEARCH ANALYST	40.0	Highest	$120,406	$71,044	$191,450
SANDRA CELIS	BOOKKEEPER	40.0	Highest	$101,632	$24,309	$125,941
RODNEY COBOS	TRUSTEE	2.0	Director	$0	$0	$0
CHARLES MARTIN	VICE CHAIRMAN/TRUSTEE	2.0	Officer Director	$0	$0	$0
CHERYL JAMES	TRUSTEE - PAST	2.0	Director	$0	$0	$0
DON BECKA	TRUSTEE	2.0	Director	$0	$0	$0
JEREMY DIAZ	TRUSTEE	2.0	Director	$0	$0	$0
ROBERT JAMES	TRUSTEE	2.0	Director	$0	$0	$0
SHANE BOSTON	TRUSTEE	2.0	Director	$0	$0	$0
MICHAEL DAVIS	TRUSTEE	2.0	Director	$0	$0	$0
STEVE FOSDICK	TRUSTEE	2.0	Director	$0	$0	$0
GEORGE HAMORI	TRUSTEE	2.0	Director	$0	$0	$0
JERRY TREVINO	TRUSTEE	2.0	Director	$0	$0	$0
DAVID BALDWIN	TRUSTEE	2.0	Director	$0	$0	$0
JAY CHASE	CHAIRMAN/TRUSTEE	2.0	Officer Director	$0	$0	$0
MICHELL LYNN	TRUSTEE	2.0	Director	$0	$0	$0
JAY LUSITA	TRUSTEE	2.0	Director	$0	$0	$0
STEVEN GOMEZ	TRUSTEE	2.0	Director	$0	$0	$0
RICARDO PEREZ	TRUSTEE	2.0	Director	$0	$0	$0
MICHAEL LOPEZ	TRUSTEE - PAST	2.0	Director	$0	$0	$0
TODD GOLDEN	TRUSTEE	2.0	Director	$0	$0	$0
JAIMI LOMAS	TRUSTEE - PAST	2.0	Director	$0	$0	$0
GREG LEWIS	TRUSTEE	2.0	Director	$0	$0	$0
STEVE VALOT	TRUSTEE	2.0	Director	$0	$0	$0
BILL STEINER	TRUSTEE	2.0	Director	$0	$0	$0
BEN CLAYTON	TRUSTEE	2.0	Director	$0	$0	$0
GEORGE CLARK	TRUSTEE	2.0	Director	$0	$0	$0
TRAVIS CRAVEN	TRUSTEE	2.0	Director	$0	$0	$0
BENI MONACO	TRUSTEE	2.0	Director	$0	$0	$0
JOE RAYMOND	TRUSTEE	2.0	Director	$0	$0	$0
STEVE BERINGER	TRUSTEE	2.0	Director	$0	$0	$0
SHY SUTTLES	TRUSTEE	2.0	Director	$0	$0	$0
JEFF STEVANUS	Trustee	2.0	Director	$0	$0	$0
RANDALL CHENWORTH	Trustee	2.0	Director	$0	$0	$0
SASHA STEVENS	TRUSTEE	2.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$9,691,981	$5,522,841	$24,207,426	$4,169,140
2023	$7,827,923	$13,726,699	$16,633,486	$-5,898,776
2022	$7,071,471	$11,650,162	$22,610,205	$-4,578,691
2021	$6,121,246	$4,616,601	$27,513,012	$1,504,645
2020	$5,707,940	$3,757,182	$25,205,137	$1,950,758
2019	$6,089,044	$4,154,803	$22,340,829	$1,934,241
2018	$5,656,233	$3,680,863	$19,585,986	$1,975,370

PIPING INDUSTRY PROGRESS AND EDUCATION LABOR-MANAGEMENT COOPERATION COMMITTEE