Pipe Fitters-120 Insurance Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Pipe Fitters-120 Insurance Fund is a 501(c)(9) organization based in Cleveland, Ohio, registered in 1957, with $22,645,354 in FY2024 revenue. CharityIndex grades it C+.
6305 Halle Dr, Cleveland, OH, 44125 EIN 34-0747441 Since 1957
Revenue (FY2024)
$22.6M
▲ 13.2% vs prior year
Expenses (FY2024)
$20.6M
Net assets
$28.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Pipe Fitters-120 Insurance Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating17 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Pipe Fitters-120 Insurance Fund: 17 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Pipe Fitters-120 Insurance Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Pipe Fitters-120 Insurance Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $16.5M (FY2015) to $22.6M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.7MNet assets $28.7M
Operating margin
9.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$34.4M
Total liabilities
$5.7M
Net assets
$28.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $22,645,354▲13.2% | $20,562,215▲7.7% | $28,703,386▲12.8% | $34,438,339▲13.7% | 990 |
| 2023 | $20,004,769▲7.9% | $19,088,839▲13.3% | $25,440,824▲10.5% | $30,278,534▲12.0% | 990 |
| 2022 | $18,545,143▲6.5% | $16,854,905▼0.7% | $23,023,176▼2.5% | $27,032,013 | 990 |
| 2021 | $17,410,699▲2.9% | $16,981,061▲14.6% | $23,608,317▲2.3% | $27,026,401▲4.1% | 990 |
| 2020 | $16,911,909▼11.1% | $14,812,977▼9.9% | $23,083,179▲14.0% | $25,953,450▲14.0% | 990 |
| 2019 | $19,014,831▲3.2% | $16,442,336▲1.1% | $20,242,405▲21.9% | $22,766,048▲20.8% | 990 |
| 2018 | $18,417,306▲10.7% | $16,271,086▲0.6% | $16,602,068▲11.7% | $18,846,105▲13.0% | 990 |
| 2017 | $16,632,717▲1.2% | $16,181,645▼4.1% | $14,868,996▲7.1% | $16,683,927▲7.0% | 990 |
| 2016 | $16,436,969▼0.2% | $16,865,532▲1.5% | $13,883,024▼1.4% | $15,592,255▼0.2% | 990 |
| 2015 | $16,472,451 | $16,613,981 | $14,076,104 | $15,618,534 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Pipe Fitters-120 Insurance Fund a legitimate nonprofit?
- Yes. Pipe Fitters-120 Insurance Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 34-0747441, based in Cleveland, Ohio.
- What is Pipe Fitters-120 Insurance Fund's EIN?
- Pipe Fitters-120 Insurance Fund's Employer Identification Number (EIN) is 34-0747441.
- How much revenue does Pipe Fitters-120 Insurance Fund report?
- Pipe Fitters-120 Insurance Fund reported $22,645,354 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Pipe Fitters-120 Insurance Fund have?
- CharityIndex grades Pipe Fitters-120 Insurance Fund C+, based on financial health (reserves and operating margin).
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Data for Pipe Fitters-120 Insurance Fund (EIN 34-0747441) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.