PIPING INDUSTRY PROGRESS AND EDUCATION LABOR-MANAGEMENT COOPERATION COMMITTEE

EIN: 953942172

LOS ANGELES, CA

Total Revenue
$9,691,981
Total Expenses
$5,522,841
Total Assets
$24,207,426
Net Assets
$19,916,089
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
CA
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

TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE SOUTHERN CALIFORNIA PLUMBING AND PIPEFITTING INDUSTRY; TO PROVIDE WORKERS AND EMPLOYERS WITH OPPORTUNITIES TO STUDY AND EXPLORE NEW AND INNOVATIVE JOINT APPROACHES TO ACHIEVING ORGANIZATIONAL EFFECTIVENESS; TO STUDY AND EXPLORE WAYS OF ELIMINATING POTENTIAL PROBLEMS WHICH REDUCE THE COMPETITIVENESS AND INHIBIT THE ECONOMIC DEVELOPMENT OF THE PLANT, AREA OR INDUSTRY; TO FOSTER IMPROVEMENTS IN OCCUPATIONAL SAFETY AND HEALTH AND OTHER WORKING CONDITIONS IN THE SOUTHERN CALIFORNIA PLUMBING AND PIPEFITTING INDUSTRY; AND TO ENGAGE IN ANY OTHER LAWFUL ACTIVITIES INCIDENTAL OR RELATED TO THE ACCOMPLISHMENT OF THESE PURPOSES.

Program Service Accomplishments

Program 1

TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE SOUTHERN CALIFORNIA PLUMBING AND PIPEFITTING INDUSTRY; TO PROVIDE WORKERS AND EMPLOYERS WITH OPPORTUNITIES TO STUDY AND...

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TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE SOUTHERN CALIFORNIA PLUMBING AND PIPEFITTING INDUSTRY; TO PROVIDE WORKERS AND EMPLOYERS WITH OPPORTUNITIES TO STUDY AND EXPLORE NEW AND INNOVATIVE JOINT APPROACHES TO ACHIEVING ORGANIZATIONAL EFFECTIVENESS; TO STUDY AND EXPLORE WAYS OF ELIMINATING POTENTIAL PROBLEMS WHICH REDUCE THE COMPETITIVENESS AND INHIBIT THE ECONOMIC DEVELOPMENT OF THE PLANT, AREA OR INDUSTRY; TO FOSTER IMPROVEMENTS IN OCCUPATIONAL SAFETY AND HEALTH AND OTHER WORKING CONDITIONS IN THE SOUTHERN CALIFORNIA PLUMBING AND PIPEFITTING INDUSTRY; AND TO ENGAGE IN ANY OTHER LAWFUL ACTIVITIES INCIDENTAL OR RELATED TO THE ACCOMPLISHMENT OF THESE PURPOSES.

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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%)

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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

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Governance

Voting Members
30
Independent Members
30
Employees
12
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
2
$0
Total Directors
33
$0
Key Employees
3
$842,747
Highest Compensated
5
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
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