INTERNATIONAL ASSOCIATION OF HEAT FROST ALLIED WORKERS LOCAL UNION 91 WELFARE (EIN 237086241) - 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

1955

Legal Domicile

Principal Officer

THOMAS LECOUNT

Phone

5188281565

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL ASSOCIATION OF HEAT FROST ALLIED WORKERS LOCAL UNION 91 WELFARE, founded in 1955, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $3.1M left a modest 12% surplus.

Mission

TO PROVIDE MEDICAL,DENTAL,HOSPITALIZATION,GROUP INSURANCE & VACATION BENEFITS FOR ELIGIBLE PARTICIPANTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,359,549

Investment Income $78,237

Other Revenue $76,233

TOTAL REVENUE $3,514,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $103,878

TOTAL EXPENSES $3,075,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,514,019	$2,823,886	+0.2%
Expenses	$3,075,163	$2,848,359	+0.1%
Net Income	$438,856	$-24,473	-18.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS LECOUNT	Trustee	5.00	Director	$0	$0	$0
DAVE KIM	Trustee	5.00	Director	$0	$0	$0
JOSEPH P LEO JR	Trustee	5.00	Director	$0	$0	$0
JASON MCCLOSKEY	Trustee	5.00	Director	$0	$0	$0
BRIAN AULL	Trustee	5.00	Director	$0	$0	$0
DONALD DONNELLY JR	Trustee	5.00	Director	$0	$0	$0
SCOTT HEATH	Trustee	5.00	Director	$0	$0	$0
DOUGLAS GREENE	Trustee	5.00	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	$3,514,019	$3,075,163	$3,095,724	$438,856
2023	$2,823,886	$2,848,359	$2,485,293	$-24,473
2022	$1,791,242	$2,718,325	$2,479,424	$-927,083
2021	$2,134,829	$2,759,042	$3,339,142	$-624,213
2020	$2,671,151	$2,903,533	$4,005,910	$-232,382
2019	$4,555,966	$3,706,200	$4,980,334	$849,766
2018	$2,775,145	$2,990,913	$3,614,979	$-215,768

INTERNATIONAL ASSOCIATION OF HEAT FROST ALLIED WORKERS LOCAL UNION 91 WELFARE