HEAT & FROST INSULATORS LOCAL 6 AFL-CIO BICA LABOR COOPERATION TRUST (EIN 046840605) - 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

1997

Legal Domicile

Principal Officer

JEFFREY SALIBA

Phone

6177954120

Tax Period

2023-01-01 to 2023-12-31

HEAT & FROST INSULATORS LOCAL 6 AFL-CIO BICA LABOR COOPERATION TRUST, founded in 1997, is a small nonprofit that reported $178K in total revenue in fiscal year 2023. The organization ran a surplus of $82K, a strong 46% operating margin.

Mission

TO PROVIDE EDUCATIONAL PROGRAMS FOR PARTICIPANTS RELATING TO JOB SAFETY.

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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 $165,135

Investment Income $12,427

Other Revenue $0

TOTAL REVENUE $177,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $95,391

TOTAL EXPENSES $95,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$177,562	$164,823	+0.1%
Expenses	$95,391	$106,131	-0.1%
Net Income	$82,171	$58,692	+0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ROBBINS	MGMT TRUSTEE	3.00	Director	$0	$0	$0
PAUL AINSWORTH	MGMT TRUSTEE	3.00	Director	$0	$0	$0
THOMAS WALL	LABOR TRUSTEE	3.00	Director	$0	$0	$0
JEFFREY SALIBA	LABOR TRUSTEE	3.00	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	$177,562	$95,391	$735,279	$82,171
2022	$164,823	$106,131	$671,643	$58,692
2021	$154,327	$146,028	$609,776	$8,299
2020	$121,438	$109,167	$589,518	$12,271
2019	$163,518	$160,342	$577,903	$3,176
2018	$154,005	$110,495	$575,068	$43,510

HEAT & FROST INSULATORS LOCAL 6 AFL-CIO BICA LABOR COOPERATION TRUST