Pipe Trades Services Mn Retiree Health Fund
Pipe Trades Services Mn Retiree Health Fund consistently maintains substantial assets and positive revenue margins with no reported officer compensation.
EIN: 161657260 · White Bear Lake, MN · NTEE: Y43 · Updated: 2026-03-28
Is Pipe Trades Services Mn Retiree Health Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pipe Trades Services Mn Retiree Health Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pipe Trades Services Mn Retiree Health Fund
Pipe Trades Services Mn Retiree Health Fund (EIN: 161657260) is a nonprofit organization based in White Bear Lake, MN, classified under NTEE code Y43. The organization reported total revenue of $31.8M and total assets of $308.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pipe Trades Services Mn Retiree Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pipe Trades Services Mn Retiree Health Fund is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.4M |
| Total Expenses | $12.2M |
| Surplus / Deficit | +$6.3M |
| Total Assets | $279.0M |
| Total Liabilities | $122K |
| Net Assets | $278.8M |
| Operating Margin | 33.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 274.8 months |
Financial Health Grade: A
In 2023, Pipe Trades Services Mn Retiree Health Fund reported a surplus of $6.3M with revenue exceeding expenses, holds 274.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pipe Trades Services Mn Retiree Health Fund's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.6% | +3.5% | +12.2% |
| 2022 | -33.3% | +2.5% | -14.0% |
| 2021 | +4.2% | +3.4% | +12.3% |
| 2020 | +75.6% | +5.5% | +10.5% |
| 2019 | +5.4% | +1.9% | +19.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pipe Trades Services Mn Retiree Health Fund with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Pipe Trades Services Mn Retiree Health Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 available IRS 990 filings, indicating a highly efficient and lean administrative structure with no executive salaries impacting the fund's resources.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Pipe Trades Services Mn Retiree Health Fund:
- Strong financial health with consistent positive revenue margins (e.g., $18.4M revenue vs. $12.1M expenses in 2023).
- Substantial and growing asset base relative to liabilities (e.g., $278.9M assets vs. $121.9K liabilities in 2023).
- No reported officer compensation across all 13 filings, indicating high efficiency and mission focus.
- Consistent IRS 990 filing history demonstrating transparency.
- NTEE code Y43 (Pension and Retirement Funds) aligns with the organization's name and financial activities.
Frequently Asked Questions about Pipe Trades Services Mn Retiree Health Fund
Is Pipe Trades Services Mn Retiree Health Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Pipe Trades Services Mn Retiree Health Fund (EIN: 161657260) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Pipe Trades Services Mn Retiree Health Fund spend its money?
Pipe Trades Services Mn Retiree Health Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pipe Trades Services Mn Retiree Health Fund tax-deductible?
Pipe Trades Services Mn Retiree Health Fund is registered as a tax-exempt nonprofit (EIN: 161657260). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Pipe Trades Services Mn Retiree Health Fund a good charity?
Based on the provided data, the organization demonstrates strong financial health, consistent revenue generation, and no reported officer compensation, suggesting it is well-managed and focused on its mission.
How does the organization manage its assets and liabilities?
The organization consistently maintains significantly higher assets than liabilities. For example, in 2023, assets were $278,953,216 against liabilities of $121,921, indicating a very strong balance sheet and prudent financial management.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated but generally remained strong, with a high of $30,258,981 in 2021 and $18,433,208 in 2023. Expenses have shown a gradual increase over time, from $7,902,509 in 2014 to $12,181,645 in 2023, but revenues consistently exceed expenses, leading to healthy surpluses.
Filing History
IRS 990 filing history for Pipe Trades Services Mn Retiree Health Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pipe Trades Services Mn Retiree Health Fund's revenue has grown by 5.4%, moving from $17.5M to $18.4M. Total assets increased by 145.9% over the same period, from $113.4M to $279.0M. Total functional expenses rose by 135.8%, from $5.2M to $12.2M. In its most recent filing year (2023), Pipe Trades Services Mn Retiree Health Fund reported a surplus of $6.3M, with revenue exceeding expenses. The organization holds $122K in liabilities against $279.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $278.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.4M | $12.2M | $279.0M | $122K | — | — |
| 2022 | $20.2M | $11.8M | $248.7M | $103K | — | View 990 |
| 2021 | $30.3M | $11.5M | $289.1M | $120K | — | View 990 |
| 2020 | $29.0M | $11.1M | $257.5M | $130K | — | View 990 |
| 2019 | $16.5M | $10.5M | $233.0M | $127K | — | — |
| 2018 | $15.7M | $10.3M | $195.7M | $122K | — | View 990 |
| 2017 | $16.0M | $10.2M | $207.1M | $99K | — | View 990 |
| 2016 | $13.7M | $9.7M | $184.9M | $121K | — | View 990 |
| 2015 | $14.1M | $9.7M | $169.9M | $105K | — | View 990 |
| 2014 | $15.0M | $7.9M | $175.9M | $103K | — | View 990 |
| 2013 | $19.8M | $5.5M | $161.9M | $97K | — | View 990 |
| 2012 | $16.2M | $5.3M | $133.8M | $84K | — | View 990 |
| 2011 | $17.5M | $5.2M | $113.4M | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.4M, expenses of $12.2M, and assets of $279.0M (revenue -8.6% year-over-year).
- 2022: Revenue of $20.2M, expenses of $11.8M, and assets of $248.7M (revenue -33.3% year-over-year).
- 2021: Revenue of $30.3M, expenses of $11.5M, and assets of $289.1M (revenue +4.2% year-over-year).
- 2020: Revenue of $29.0M, expenses of $11.1M, and assets of $257.5M (revenue +75.6% year-over-year).
- 2019: Revenue of $16.5M, expenses of $10.5M, and assets of $233.0M (revenue +5.4% year-over-year).
- 2018: Revenue of $15.7M, expenses of $10.3M, and assets of $195.7M (revenue -1.9% year-over-year).
- 2017: Revenue of $16.0M, expenses of $10.2M, and assets of $207.1M (revenue +16.4% year-over-year).
- 2016: Revenue of $13.7M, expenses of $9.7M, and assets of $184.9M (revenue -2.6% year-over-year).
- 2015: Revenue of $14.1M, expenses of $9.7M, and assets of $169.9M (revenue -6.3% year-over-year).
- 2014: Revenue of $15.0M, expenses of $7.9M, and assets of $175.9M (revenue -24.1% year-over-year).
- 2013: Revenue of $19.8M, expenses of $5.5M, and assets of $161.9M (revenue +22.4% year-over-year).
- 2012: Revenue of $16.2M, expenses of $5.3M, and assets of $133.8M (revenue -7.4% year-over-year).
- 2011: Revenue of $17.5M, expenses of $5.2M, and assets of $113.4M.
Data Sources and Methodology
This transparency report for Pipe Trades Services Mn Retiree Health Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.