HEATING AIRCONDITIONING & REFRIGERATION DISTRIBUTORS INT'L (EIN 030443301) - 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

1949

Legal Domicile

Principal Officer

TALBOT GEE

Phone

6143454328

Tax Period

2023-01-01 to 2023-12-31

HEATING AIRCONDITIONING & REFRIGERATION DISTRIBUTORS INT'L, founded in 1949, is a community nonprofit in the Community Improvement sector that reported $7.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $6.5M left a modest 10% surplus.

Mission

TRADE ASSOCIATION - TO PROMOTE THE INTERESTS OF THE WHOLESALE HEATING, AIRCONDITIONING AND REFRIGERATION INDUSTRY BY UNDERTAKING SUCH PROGRAMS, SERVICES AND ACTIVITIES AS ARE LAWFUL AND CONSISTENT WITH ITS MISSION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,132,027

Investment Income $88,816

Other Revenue $0

TOTAL REVENUE $7,220,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,578,153

Fundraising Expenses $0

Program Expenses $4,979,368

Other Expenses $3,937,567

TOTAL EXPENSES $6,515,720

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,220,843	$6,371,642	+0.1%
Expenses	$6,515,720	$5,705,224	+0.1%
Net Income	$705,123	$666,418	+0.1%

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

$434,422

Total Directors

Key Employees

$233,527

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TALBOT GEE	CEO	40.00	Officer	$385,578	$48,844	$434,422
ZACHARY PERGE	VP OF DIST.	40.00	Key Emp	$223,574	$9,953	$233,527
NICHOLAS BENTON	VP OF OPERAT	40.00	Highest	$131,816	$15,861	$147,677
MIHAELA CARMEN ANDREI	DIRECTOR OF	40.00	Highest	$109,653	$37,033	$146,686
BRIAN LOFTUS	MARKETING AN	40.00	Highest	$106,976	$31,197	$138,173
ALLISON GREENE	MARKETING DI	40.00	Highest	$102,736	$33,159	$135,895
TIMOTHY FISHER	DIRECTOR OF	40.00	Highest	$117,862	$13,160	$131,022
KEVIN BAXTER	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN BLAUSHILD	DIRECTOR	N/A	Director	$0	$0	$0
MIKE GALLAGHER	DIRECTOR	N/A	Director	$0	$0	$0
LORAN LIU	DIRECTOR	N/A	Director	$0	$0	$0
DALE NORTON	DIRECTOR	N/A	Director	$0	$0	$0
LAUREN ROBERTS	DIRECTOR	N/A	Director	$0	$0	$0
RANDY ROBERTS	DIRECTOR	N/A	Director	$0	$0	$0
STEVE ROE	DIRECTOR	N/A	Director	$0	$0	$0
DEWIGHT WALLACE	DIRECTOR	N/A	Director	$0	$0	$0
RHONDA WIGHT	BOARD CHAIR	N/A	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	No data	No data	No data	No data
2023	$7,220,843	$6,515,720	$8,443,558	$705,123
2022	$6,371,642	$5,705,224	$6,554,084	$666,418
2021	$5,587,380	$4,995,785	$6,263,611	$591,595
2020	$3,181,141	$3,128,463	$4,593,278	$52,678
2019	$5,165,583	$4,864,036	$4,789,549	$301,547
2018	$5,147,708	$4,532,643	$3,682,022	$615,065

HEATING AIRCONDITIONING & REFRIGERATION DISTRIBUTORS INT'L