INTERNATIONAL ASSOCIATION OF HEAT LOCAL NO 32 (EIN 220743980) - 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

1960

Legal Domicile

Principal Officer

JOHN DWYER JR

Phone

7325453210

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF HEAT LOCAL NO 32, founded in 1960, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $3.9M represent 25 months of operating reserves.

Mission

THE IAHFIAW WORKERS LOCAL UNION NO. 32 WAS ESTABLISHED TO PROVIDE FOR BETTER WORKING CONDITIONS, WAGES, AND BENEFITS FOR MEMBERS OF THE UNION.

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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 $1,851,925

Program Service Revenue $3,440

Investment Income $43,884

Other Revenue $13,045

TOTAL REVENUE $1,912,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,167,823

Fundraising Expenses $0

Other Expenses $804,125

TOTAL EXPENSES $2,023,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,912,294	$2,089,339	-0.1%
Expenses	$2,023,531	$2,191,475	-0.1%
Net Income	$-111,237	$-102,136	+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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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

$1,027,048

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN M DWYER JR	BUSINESS MANAGER/FST	40.00	Officer	$163,477	$124,294	$287,771
JERAMIAH FARMER	BUSINESS AGENT	1.00	Officer	$157,030	$122,992	$280,022
MARVIN LOWERY	RECORDING SECRETARY	1.00	Officer	$0	$0	$0
STEPHEN SULLIVAN	E. BOARD/ORGANIZER	1.00	Officer	$131,962	$101,386	$233,348
DOMINICK BOLDI	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
JESSIE JOHNSON	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
DERECK VERGARI	PRESIDENT/APP COORD	1.00	Officer	$0	$75,124	$217,258
JERONIMO ROQUE	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
BRIAN PENT	VICE PRESIDENT	1.00	Officer	$5,042	$3,607	$8,649
JOSEPH MCCONNELL	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
MIKE SAPORITO	SGT. AT ARMS	1.00	Officer	$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	$1,912,294	$2,023,531	$4,047,316	$-111,237
2022	$2,089,339	$2,191,475	$4,131,843	$-102,136
2021	$2,149,607	$2,062,807	$4,260,917	$86,800
2020	$2,032,581	$1,902,193	$4,228,205	$130,388
2019	$2,081,763	$2,123,891	$3,976,631	$-42,128
2018	$2,472,041	$2,049,392	$4,068,352	$422,649

INTERNATIONAL ASSOCIATION OF HEAT LOCAL NO 32