INTERNATIONAL ASSOCIATION OF HEAT … - Form 990 Financial Data

🔒

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

1928

Legal Domicile

Principal Officer

CHESTER GESEMYER

Phone

6095878905

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS & ALLIED WORKERS, founded in 1928, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $532K, a strong 29% operating margin.

Mission

TO ASSIST IN PROVIDING FAIR WAGES AND BENEFITS TO ITS MEMBERS IN ACCORDANCE WITH THE COLLECTIVE BARGAINING AGREEMENT.

Program Service Accomplishments

Program 1

LABOR UNION ORGANIZED TO REPRESENT INSULATORS AND ASBESTOS WORKERS

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,609,316

Investment Income $16,753

Other Revenue $193,114

TOTAL REVENUE $1,819,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $815,359

Fundraising Expenses $0

Other Expenses $471,460

TOTAL EXPENSES $1,286,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,819,183	$1,274,500	+0.4%
Expenses	$1,286,819	$1,126,905	+0.1%
Net Income	$532,364	$147,595	+2.6%

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

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

$759,436

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHESTER GESEMYER	BUSINESS MANAGER/CORR SEC	40.00	Officer	$139,214	$109,282	$248,496
JOSEPH TORETTA	BUS AGENT/JATC ADMINISTRAT	2.00	Officer	$133,422	$107,954	$241,376
WILLIAM SEILER	ORGANIZER/E. BOARD	40.00	Officer	$121,815	$105,291	$227,106
JAMES DAVIS	PRESIDENT	2.00	Officer	$4,220	$0	$4,220
ANDREW OSINCHAK	FINANCIAL/REC SEC	2.00	Officer	$26,772	$0	$26,772
JAMES SECODA	VICE PRESIDENT	2.00	Officer	$0	$0	$0
JOHN RANEY	TRUSTEE/E. BOARD	2.00	Officer	$0	$0	$0
FRED DAVIES	E. BOARD	2.00	Officer	$0	$0	$0
JAMES O'NEILL	E. BOARD	2.00	Officer	$5,100	$0	$5,100
MICHAEL KERN	TRUSTEE	2.00	Officer	$0	$0	$0
WILLIAM GRAFF	SGT AT ARMS	2.00	Officer	$6,366	$0	$6,366

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	$1,819,183	$1,286,819	$1,539,415	$532,364
2023	$1,274,500	$1,126,905	$1,041,285	$147,595
2022	$1,185,260	$1,046,233	$912,381	$139,027
2021	$1,124,177	$946,301	$792,768	$177,876
2020	$831,370	$865,768	$633,290	$-34,398
2019	$1,080,654	$1,025,195	$644,338	$55,459
2018	$917,339	$944,898	$499,976	$-27,559

INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS & ALLIED WORKERS