INTERNATIONAL ASSOCIATION OF HEAT & FROS INSULATORS AND ASBESTOS WORKERS LO 6 (EIN 041472045) - 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

1903

Legal Domicile

Principal Officer

JEFFREY SALIBA

Phone

6174364666

Tax Period

2024-06-01 to 2025-05-31

INTERNATIONAL ASSOCIATION OF HEAT & FROS INSULATORS AND ASBESTOS WORKERS LO 6, founded in 1903, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2024. The organization ran a surplus of $1.8M, a strong 39% operating margin.

Mission

THE UNION PROVIDES COLLECTIVE BARGAINING AND OTHER REPRESENTATIONAL BENEFITS TO ITS MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,723,962

Investment Income $845,458

Other Revenue $50,675

TOTAL REVENUE $4,620,095

Expense Breakdown

Grants Paid $100,390

Salaries & Benefits $1,039,577

Fundraising Expenses $0

Other Expenses $1,667,217

TOTAL EXPENSES $2,807,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,620,095	$4,283,517	+0.1%
Expenses	$2,807,184	$3,064,196	-0.1%
Net Income	$1,812,911	$1,219,321	+0.5%

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

N/A

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

$284,299

Total Directors

$537,199

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY SALIBA	BUSINESS MANAGER/FIN SEC	40.00	Officer Director	$149,537	$108,563	$258,100
TOM WALL	BUSINESS AGENT	40.00	Director	$142,945	$107,080	$250,025
WAYNE ORTIZ	PRESIDENT	2.00	Officer Director	$12,184	$7,739	$19,923
PAUL SHORE	EXEC. BOARD/UNION TRUSTEE	2.00	Officer Director	$4,556	$1,720	$6,276
MICHAEL O'TOOLE	EXECUTIVE BOARD	2.00	Director	$1,728	$1,147	$2,875
CHUCK ROGERS	VICE PRESIDENT	2.00	Director	$0	$0	$0
ERNEST ROGERS	SARGEANT-AT-ARMS	2.00	Officer Director	$0	$0	$0
MATT BRADLEY	EXEC. BOARD/UNION TRUSTEE	2.00	Director	$0	$0	$0
NICOLE DALTON	EXECUTIVE BOARD (P)	2.00	Director	$0	$0	$0
JOSEPH GALLAGHER	UNION TRUSTEE	2.00	Director	$0	$0	$0
DANIEL GOODRIDGE	UNION TRUSTEE (P)	2.00	Director	$0	$0	$0
JACK LISTER	UNION TRUSTEE	2.00	Director	$0	$0	$0
PATRICK O'TOOLE	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
ROGER REILLY SR	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
RICHARD ROTHWELL	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
STEVEN SARGENT	EXECUTIVE BOARD	2.00	Director	$0	$0	$0
PHIL WEST	RECORDING SEC.	2.00	Officer	$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
2025	$4,620,095	$2,807,184	$13,021,556	$1,812,911
2024	$4,283,517	$3,064,196	$11,368,670	$1,219,321
2023	$3,729,636	$2,960,522	$9,966,512	$769,114
2022	$3,710,567	$3,106,475	$9,232,656	$604,092
2021	$2,954,704	$2,635,577	$8,794,662	$319,127
2020	$3,422,564	$2,634,548	$8,349,186	$788,016
2019	$3,410,621	$2,442,943	$7,487,072	$967,678
2018	$3,285,441	$2,317,883	$6,509,859	$967,558

INTERNATIONAL ASSOCIATION OF HEAT & FROS INSULATORS AND ASBESTOS WORKERS LO 6