BEducationEIN: 366109329· Ruling Year: 2025

Plumbers & Pipefitters Local 23 Training Fund

Rockford, Illinois

A-Health Score
78A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

How This Organization Compares

Compared to 4 peers in Education with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org1.78×
Peer Median20.77×
💰
$2.0M
Total Revenue
📊
$1.7M
Total Expenses
🏦
$3.0M
Net Assets
📋
$104K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+18.9%
Year-over-year change (2022 → 2023)
Net Margin
+13.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.78
Net assets divided by total expenses
Liabilities-to-Assets
3.3%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$1,972,04319%$1,697,05012%$3,128,4836%
2022$1,657,9346%$1,511,4986%$2,955,6345%
2021$1,761,93926%$1,429,8737%$2,818,50917%
2020$1,396,47212%$1,342,3453%$2,399,3065%
2019$1,581,21813%$1,380,1689%$2,294,46117%
2018$1,405,0294%$1,271,33623%$1,957,9375%
2017$1,351,04243%$1,037,31434%$1,857,33024%
2016$946,8786%$772,1633%$1,502,64013%
2015$891,9861%$798,8981%$1,327,1248%
2014$887,11611%$792,9392%$1,223,9657%
2013$798,5584%$805,96818%$1,142,5691%
2012$830,84514%$682,5223%$1,133,53216%
2011$971,307$702,504$980,723

Frequently Asked Questions

What does Plumbers & Pipefitters Local 23 Training Fund do?

Plumbers & Pipefitters Local 23 Training Fund is a education nonprofit organization based in Illinois. It is classified under NTEE code B30 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Plumbers & Pipefitters Local 23 Training Fund financially healthy?

Based on our 9-metric Financial Health Score model, Plumbers & Pipefitters Local 23 Training Fund has a score of 78/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Plumbers & Pipefitters Local 23 Training Fund generate?

Plumbers & Pipefitters Local 23 Training Fund reports $2.4M in annual revenue and holds $3.7M in total assets, based on IRS filings.

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