HEAT & FROST INSULATORS LOCAL 19 TRAINING FUND (EIN 237258089) - 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

1971

Legal Domicile

Principal Officer

BRETT LARGE

Phone

2625489606

Tax Period

2024-06-01 to 2025-05-31

HEAT & FROST INSULATORS LOCAL 19 TRAINING FUND, founded in 1971, is a small nonprofit in the Employment sector that reported $788K in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $287K, a strong 36% operating margin.

Mission

TO EDUCATE APPRENTICES

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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 $787,862

Investment Income $0

Other Revenue $0

TOTAL REVENUE $787,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $464,112

Other Expenses $501,131

TOTAL EXPENSES $501,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$787,862	$468,011	+0.7%
Expenses	$501,131	$383,274	+0.3%
Net Income	$286,731	$84,737	+2.4%

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

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
BRETT LARGE	TRUSTEE/CHAIRMAN	0.10	Officer Director	$0	$0	$0
SCOTT PARNAU	TRUSTEE	0.10	Director	$0	$0	$0
TONY WALTER	TRUSTEE	0.10	Director	$0	$0	$0
KIMM HANSEN	TRUSTEE	0.10	Director	$0	$0	$0
JASON PARNAU	TRUSTEE	0.10	Director	$0	$0	$0
IAN SCHOETTEL	TRUSTEE	0.10	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
2025	$787,862	$501,131	$561,637	$286,731
2024	$468,011	$383,274	$274,906	$84,737
2023	$280,893	$284,339	$190,169	$-3,446
2022	$269,598	$309,246	$193,615	$-39,648
2021	$224,548	$253,375	$233,263	$-28,827
2020	$252,593	$292,076	$262,090	$-39,483
2019	$272,516	$284,102	$301,573	$-11,586

HEAT & FROST INSULATORS LOCAL 19 TRAINING FUND