AIRCONDITIONING AND REFRIGERATION INDUSTRY BUILDING CORPORATION

EIN: 200061207 Community Improvement

ORANGE, CA

Total Revenue
$143,589
Total Expenses
$136,897
Total Assets
$4,218,565
Net Assets
$4,196,976
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CA
Principal Officer
kristi wagner
Phone
7149176100
Tax Period
2024-01-01 to 2024-12-31

AIRCONDITIONING AND REFRIGERATION INDUSTRY BUILDING CORPORATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $144K in total revenue in fiscal year 2024. Expenses of $137K left a modest 5% surplus.

Mission

THE COMPANY SERVES AS A HOLDING COMPANY FOR THE PROPERTIES OWNED BY THE AIRCONDITIONING AND REFRIGERATION INDUSTRY RETIREMENT TRUST FUND. THE PROPERTIES ARE USED BY THE TRUST FUND FOR THEIR DAILY OPERATIONS AS WELL AS RENTAL PROPERTIES TO GENERATE INCOME FROM OUTSIDE ENTITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $143,589
TOTAL REVENUE $143,589

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,850
Fundraising Expenses $0
Other Expenses $39,047
TOTAL EXPENSES $136,897

Year-over-Year Comparison

2024 2023 Change
Revenue $143,589 $146,563 0.0%
Expenses $136,897 $138,977 0.0%
Net Income $6,692 $7,586 -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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Governance

Voting Members
12
Independent Members
N/A
Employees
7
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
0
$0
Total Directors
12
$0
Key Employees
1
$269,379
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
kristi wagner administrator 4.0
Key Emp
$34,653 $38,361 $269,379
BEN CLAYTON CEO & PRESIDENT 1.0
Director
$0 $0 $0
ROBERT LAKE SEC'Y & VICE PRESIDENT 1.0
Director
$0 $0 $0
BRANDON MORTORFF TREASURER & CFO 1.0
Director
$0 $0 $0
randall chenworth Chairman of the Board 1.0
Director
$0 $0 $0
anthony musso TRUSTEE 1.0
Director
$0 $0 $0
TOM MORTON TRUSTEE 1.0
Director
$0 $0 $0
JERRY TREVINO TRUSTEE 1.0
Director
$0 $0 $0
LONNIE WRIGHT TRUSTEE 1.0
Director
$0 $0 $0
Ken Flores TRUSTEE 1.0
Director
$0 $0 $0
JOHN BAKER TRUSTEE 1.0
Director
$0 $0 $0
jesse sanchez TRUSTEE 1.0
Director
$0 $0 $0
TODD BUCHANAN TRUSTEE 1.0
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 $143,589 $136,897 $4,218,565 $6,692
2023 $146,563 $138,977 $4,207,544 $7,586
2022 $137,850 $125,608 $4,200,112 $12,242
2021 $131,227 $119,869 $3,487,346 $11,358
2020 $4,651,124 $125,892 $3,475,850 $4,525,232
2019 $267,447 $129,037 $7,690,765 $138,410
2018 $267,158 $128,965 $7,850,070 $138,193
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