INTL ASSOC OF HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL UNION 23 (EIN 231582722) - Form 990 Financial Analysis & Trantor Score

🔒

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

1963

Legal Domicile

Principal Officer

RONNIE BEVERLEY

Phone

7179300922

Tax Period

2024-01-01 to 2024-12-31

INTL ASSOC OF HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL UNION 23, founded in 1963, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $2.8M represent 27 months of operating reserves.

Mission

TO ORGANIZE WORKERS AND TO SECURE JOBS AND IMPROVED WAGES, BENEFITS AND WORKING CONDITIONS

🔒

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 $2,298

Program Service Revenue $1,141,200

Investment Income $-14,777

Other Revenue $105,067

TOTAL REVENUE $1,233,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $743,380

Fundraising Expenses $0

Program Expenses $1,264,277

Other Expenses $514,147

TOTAL EXPENSES $1,264,277

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,233,788	$1,387,955	-0.1%
Expenses	$1,264,277	$1,471,758	-0.1%
Net Income	$-30,489	$-83,803	-0.6%

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

$602,118

Total Directors

$156,109

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOB RAINEY	E-BOARD	1.00	Director	$0	$0	$0
MATTHEW MATINCHECK	VICE PRESIDENT	1.00	Officer Director	$74,139	$56,940	$131,079
ANDREW CHUBB	TRUSTEE	1.00	Director	$0	$5,463	$10,394
JOSHUA ALLEN	E-BOARD	1.00	Director	$0	$0	$0
ANTHONY FERGUSON	E-BOARD / TRUSTEE	1.00	Director	$0	$5,551	$11,321
WILLIAM O'BRIAN	E-BOARD	1.00	Director	$0	$0	$0
MATTHEW HUGGINS	E-BOARD / TRUSTEE	1.00	Director	$0	$1,395	$3,315
JOHN FRITZ	PRESIDENT/TRUSTEE	1.00	Officer	$0	$53,674	$170,137
ZACHARY KEY	SERGEANT AT ARMS	1.00	Officer	$0	$0	$0
RONNIE BEVERLEY	BUSINESS MANAGER/FINANCIAL SECRETARY/TRUSTEE	55.00	Officer	$170,058	$130,844	$300,902
HUNTER GEORGE	RECORDING SECRETARY	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
2025	No data	No data	No data	No data
2024	$1,233,788	$1,264,277	$4,013,497	$-30,489
2023	$1,387,955	$1,471,758	$4,098,982	$-83,803
2022	$1,363,451	$1,397,429	$4,285,666	$-33,978
2021	$1,357,857	$1,380,450	$4,422,505	$-22,593
2020	$1,067,898	$1,308,710	$4,593,085	$-240,812
2019	$1,758,166	$1,382,643	$4,122,361	$375,523
2018	$2,259,331	$1,343,527	$2,894,254	$915,804

INTL ASSOC OF HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL UNION 23