INT'L ASSOC OF HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL 26 WELFARE PLAN

EIN: 223050907

ROCHESTER, NY

Total Revenue
$1,057,135
Total Expenses
$797,017
Total Assets
$3,684,423
Net Assets
$3,652,808
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
NY
Principal Officer
MATTHEW HUGHES
Phone
5853231620
Tax Period
2024-01-01 to 2024-12-31

INT'L ASSOC OF HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL 26 WELFARE PLAN, founded in 1953, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $260K, a strong 25% operating margin.

Mission

TO PROVIDE MEDICAL AND OTHER WELFARE BENEFIS TO ELIGIBLE EMPLOYEES OF CONTRIBUTING EMPLOYERS OF LOCAL UNION NO. 26.

Program Service Accomplishments

Program 1

PLAN PROVIDES WELFARE BENEFITS (HEALTH, VISION, LIFE INSURANCE, LONG AND SHORT-TERM DISABILITY) TO ELIGIBLE EMPLOYEES OF CONTRIBUTING EMPLOYERS.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $981,113
Investment Income $71,425
Other Revenue $4,597
TOTAL REVENUE $1,057,135

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $120,467
TOTAL EXPENSES $797,017

Year-over-Year Comparison

2024 2023 Change
Revenue $1,057,135 $1,051,602 +0.0%
Expenses $797,017 $749,976 +0.1%
Net Income $260,118 $301,626 -0.1%
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

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
2
$82,882
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MURRY E HOPPER TRUSTEE 0.50
Director
$0 $0 $0
JOHN R FLANAGAN TRUSTEE UNTIL 1/2024 0.50
Director
$0 $0 $0
LEE D JUBY TRUSTEE 0.50
Director
$0 $0 $0
KEVIN S COAST TRUSTEE 0.50
Director
$0 $0 $0
ALEXANDER HENTRY TRUSTEE 0.50
Director
$0 $0 $0
RICHARD MULLEN TRUSTEE 0.50
Director
$0 $0 $0
BRIAN URQUHART TRUSTEE AS OF 4/2024 0.50
Director
$0 $0 $0
BRIAN URQUHART FUND MANAGER UNTIL 4/2024 5.00
Officer
$0 $0 $12,257
MATTHEW HUGHES FUND MANAGER AS OF 4/2024 5.00
Officer
$0 $0 $70,625
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 $1,057,135 $797,017 $3,684,423 $260,118
2023 $1,051,602 $749,976 $3,319,839 $301,626
2022 $888,235 $768,645 $2,918,273 $119,590
2021 $931,133 $713,241 $2,862,003 $217,892
2020 $1,090,316 $797,775 $2,594,113 $292,541
2019 $1,074,433 $720,622 $2,301,572 $353,811
2018 $1,082,543 $651,432 $1,967,586 $431,111
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare INT'L ASSOC OF HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL 26 WELFARE PLAN with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.