HEAT & FROST INSULATORS & ALLIED WORKERS LMC FUND

EIN: 206990034 Mutual Benefit

LANHAM, MD

Total Revenue
$1,883,732
Total Expenses
$1,701,860
Total Assets
$6,655,296
Net Assets
$6,644,996
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MD
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 PROMOTE THE HEAT AND FROST INSULATION INDUSTRY AND EXPAND OPPORTUNITIES FOR BOTH LABOR AND MANAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $1,479,892 Revenue: $1,587,422

TO PROMOTE THE HEAT AND FROST INSULATION INDUSTRY AND EXPAND OPPORTUNITIES FOR BOTH LABOR AND MANAGEMENT.

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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 $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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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
4
Employees
4
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
9
$1,177,789
Key Employees
1
$290,304
Highest Compensated
3
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
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