HEAT & FROST INSULATORS & ALLIED WORKERS LMC FUND (EIN 206990034) - 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

2007

Legal Domicile

Principal Officer

PETER R IELMINI

Phone

3017319101

Tax Period

2024-01-01 to 2024-12-31

HEAT & FROST INSULATORS & ALLIED WORKERS LMC FUND, founded in 2007, is a community nonprofit in the Mutual Benefit sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 10% surplus.

Mission

TO INCREASE THE MARKET SHARE AND AWARENESS OF UNION INSULATORS.

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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 $1,587,422

Investment Income $296,310

Other Revenue $0

TOTAL REVENUE $1,883,732

Expense Breakdown

Grants Paid $4,300

Salaries & Benefits $984,932

Fundraising Expenses $0

Program Expenses $1,479,892

Other Expenses $712,628

TOTAL EXPENSES $1,701,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,883,732	$1,887,582	0.0%
Expenses	$1,701,860	$1,449,841	+0.2%
Net Income	$181,872	$437,741	-0.6%

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

Total Directors

$1,177,789

Key Employees

$290,304

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK SUTPHIN	TRUSTEE (P)	2.00	Director	$0	$0	$0
TERRY LARKIN	TRUSTEE	2.00	Director	$0	$54,899	$496,592
ROBERT REAP	TRUSTEE (P)	2.00	Director	$0	$24,160	$399,364
MICHAEL O'CONNELL	TRUSTEE (P)	2.00	Director	$0	$0	$0
BRIAN CAVEY	CO-CHAIRMAN	2.00	Director	$0	$63,171	$281,833
JOHN STEVENS	TRUSTEE	2.00	Director	$0	$0	$0
BEN TIMBLE	CO-CHAIRMAN	2.00	Director	$0	$0	$0
JOHN STAHL	TRUSTEE	2.00	Director	$0	$0	$0
MEGAN KNOLLS	TRUSTEE	2.00	Director	$0	$0	$0
PETER R IELMINI	EXECUTIVE DIRECTOR	40.00	Key Emp	$217,826	$72,478	$290,304
REGINA M WALSH	DEPUTY DIRECTOR	40.00	Highest	$185,152	$66,169	$251,321
BRIAN LARKIN	DIRECTOR	40.00	Highest	$110,600	$51,771	$172,671
JIM PETRIDES	DIRECTOR	40.00	Highest	$176,313	$64,462	$240,775

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	$1,883,732	$1,701,860	$6,655,296	$181,872
2023	$1,887,582	$1,449,841	$6,399,033	$437,741
2022	$1,554,270	$1,180,980	$5,623,037	$373,290
2021	$1,635,256	$1,165,187	$5,899,778	$470,069
2020	$1,795,996	$1,011,358	$5,289,313	$784,638
2019	$2,164,116	$1,070,573	$4,417,329	$1,093,543
2018	$1,801,444	$1,958,182	$2,199,555	$-156,738

HEAT & FROST INSULATORS & ALLIED WORKERS LMC FUND