INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS AND ALLIED WORKERS (EIN 236283938) - 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

1909

Legal Domicile

Principal Officer

THOMAS PATRICK WRIGHT

Phone

5708290634

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS AND ALLIED WORKERS, founded in 1909, is a small nonprofit that reported $717K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $664K left a modest 7% surplus.

Mission

SUPPLYING TRAINED MECHANICS IN INDUSTRIAL INSULATION TO VARIOUS CONTRACTORS IN NORTHEASTERN PENNSYLVANIA.

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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 $666,955

Program Service Revenue $31,545

Investment Income $10,475

Other Revenue $8,278

TOTAL REVENUE $717,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $323,483

Fundraising Expenses $0

Other Expenses $340,025

TOTAL EXPENSES $663,508

Year-over-Year Comparison

	2023	2022	Change
Revenue	$717,253	$551,097	+0.3%
Expenses	$663,508	$633,240	+0.0%
Net Income	$53,745	$-82,143	-1.7%

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

$104,966

Total Directors

$104,966

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
T PATRICK WRIGHT	BUSINESS MGR	40.00	Officer Director	$98,724	$0	$98,724
PHIL MICHAEL	CURRENT PRESIDENT	1.00	Officer Director	$4,710	$0	$4,710
MATTHEW TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICH EIPPER	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM SHORTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KODY SUTLIFF	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB SUTLIFF	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN DOBBS	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH KORNACKI JR	VICE-PRESIDENT	1.00	Officer Director	$1,532	$0	$1,532
CHRIS JONES	TRUSTEE	1.00	Director	$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	$717,253	$663,508	$586,598	$53,745
2022	$551,097	$633,240	$517,079	$-82,143
2021	$698,487	$667,652	$638,707	$30,835
2020	$498,735	$478,397	$600,003	$20,338
2019	$604,579	$556,861	$562,587	$47,718
2018	$785,298	$532,622	$493,835	$252,676

INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS AND ALLIED WORKERS