HEAT & FROST INSULATORS LOCAL NO 33 HEALTH FUND (EIN 061078051) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

DONALD SCOOPO

Phone

2032656673

Tax Period

2023-01-01 to 2023-12-31

HEAT & FROST INSULATORS LOCAL NO 33 HEALTH FUND, founded in 1952, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $2.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE HEALTH BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,032,460

Investment Income $146,713

Other Revenue $106,392

TOTAL REVENUE $2,285,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,781

Fundraising Expenses $0

Other Expenses $283,046

TOTAL EXPENSES $2,541,023

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,285,565	$2,496,237	-0.1%
Expenses	$2,541,023	$2,174,440	+0.2%
Net Income	$-255,458	$321,797	-1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

$239,793

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER KARAS	TRUSTEE	2.00	Director	$758	$0	$758
KENNETH ERKER	TRUSTEE (P)	2.00	Director	$0	$0	$0
DONALD SCOOPO	TRUSTEE	2.00	Director	$0	$111,500	$233,935
JOSEPH LEO JR	TRUSTEE	2.00	Director	$0	$0	$0
NICHOLAS HOYT	TRUSTEE	2.00	Director	$2,126	$0	$2,126
BILLY KARAS	TRUSTEE	2.00	Director	$758	$0	$758
FRANK MALONEY	TRUSTEE	2.00	Director	$2,216	$0	$2,216
PAUL AINSWORTH	TRUSTEE	2.00	Director	$0	$0	$0
DAVID KIM	TRUSTEE	2.00	Director	$0	$0	$0
TIM HARNETT	TRUSTEE	2.00	Director	$0	$0	$0
RODNEY SNIPES	FUND ADMIN	14.00	Highest	$41,350	$64,252	$179,114

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	$2,285,565	$2,541,023	$5,046,536	$-255,458
2022	$2,496,237	$2,174,440	$4,943,405	$321,797
2021	$2,184,600	$2,774,175	$5,520,999	$-589,575
2020	$2,362,014	$2,870,969	$6,005,555	$-508,955
2019	$3,206,567	$2,598,944	$6,088,542	$607,623
2018	$2,625,840	$2,607,397	$4,998,835	$18,443

HEAT & FROST INSULATORS LOCAL NO 33 HEALTH FUND