AIR-CONDITIONING HEATING AND REFRIGERATION INSTITUTE (EIN 261558777) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

STEPHEN YUREK

Phone

7035248800

Tax Period

2023-01-01 to 2023-12-31

AIR-CONDITIONING HEATING AND REFRIGERATION INSTITUTE, founded in 2007, is a mid-sized nonprofit in the Community Improvement sector that reported $31.4M in total revenue in fiscal year 2018.

Mission

THE AIR-CONDITIONING, HEATING AND REFRIGERATION INSTITUTE SERVES THE PUBLIC AND THE INDUSTRY BY PROMOTING RECOGNITION OF THE BENEFITS OF AIR-CONDITIONING, HEATING AND REFRIGERATION AND BY PROMOTING CONFIDENCE IN THE PERFORMANCE OF THE INDUSTRY'S PRODUCTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $40,486,814

Investment Income $1,489,068

Other Revenue $87,410

TOTAL REVENUE $42,063,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,255,285

Fundraising Expenses $0

Other Expenses $26,104,692

TOTAL EXPENSES $41,359,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,063,292	$38,104,556	+0.1%
Expenses	$41,359,977	$38,196,981	+0.1%
Net Income	$703,315	$-92,425	-8.6%

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

128

Volunteers

500

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

$1,166,626

Total Directors

Key Employees

$1,963,430

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN YUREK	AHRI PRESIDENT & CHIEF EXECUTIVE OFFICER	35.00	Officer	$704,159	$24,691	$728,850
JOHN LANIER	SECRETARY & CHIEF OPERATING OFFICER	35.00	Officer	$399,425	$38,351	$437,776
HENRY HWONG	SENIOR VICE PRESIDENT, GLOBAL OPERATIONS	35.00	Key Emp	$318,281	$12,208	$330,489
SAMANTHA SLATER	SENIOR VICE PRESIDENT, GOVERNMENT AFFAIRS	35.00	Key Emp	$293,891	$22,583	$316,474
WILLIAM FONG	VICE PRESIDENT, IT & BUSINESS SOLUTIONS	35.00	Key Emp	$279,861	$36,572	$316,433
VASSILIS TRITSIS	VICE PRESIDENT, CERTIFICATION	35.00	Key Emp	$286,792	$28,489	$315,281
MARIE-CHRISTINE CARPIZO	GENERAL COUNSEL	35.00	Key Emp	$252,367	$10,202	$262,569
FRANCIS DIETZ	VICE PRESIDENT, PUBLIC AFFAIRS	35.00	Key Emp	$251,308	$9,810	$261,118
CHRISTOPHER STONE	SENIOR ADVISOR, PERFORMANCE TESTING	35.00	Highest	$219,947	$27,703	$247,650
WONGYU CHOI	DIRECTOR, ENGINEERING & ANALYTICS	35.00	Highest	$184,597	$34,366	$218,963
BRADLEY SLATTEN	DIRECTOR OF INFORMATION SECURITY & CONTINUITY	35.00	Highest	$197,566	$19,036	$216,602
STEVEN GRUDI	DIRECTOR OF SOFTWARE DEVELOPMENT	35.00	Highest	$199,528	$9,169	$208,697
XUDONG WANG	VICE PRESIDENT, RESEARCH	35.00	Highest	$193,887	$8,202	$202,089
WILLIAM MCQUADE	VICE PRESIDENT, REGULATOR AFFAIRS (OUTGOING 2023)	35.00	Key Emp	$158,210	$2,856	$161,066
KEVIN WHEELER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RON DUNCAN	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
MEGAN FELLINGER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRIS NELSON	VICE CHAIRMAN (OUTGOING 2023)	1.00	Officer Director	$0	$0	$0
BRENT SCHROEDER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEVIN BECKETT	TREASURER	1.00	Officer Director	$0	$0	$0
GARY BEDARD	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
MIKE BRANSON	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
DAVID BUDZINSKI	DIRECTOR-AT-LARGE (INCOMING 2023)	1.00	Director	$0	$0	$0
BRUCE CARNEVALE	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
TIMOTHY FIGGE	DIRECTOR-AT-LARGE (INCOMING 2023)	1.00	Director	$0	$0	$0
JOHN KUNZE	DIRECTOR-AT-LARGE (OUTGOING 2023)	1.00	Director	$0	$0	$0
GAURANG PANDYA	DIRECTOR-AT-LARGE (INCOMING 2023)	1.00	Director	$0	$0	$0
DOUGLAS SCHUSTER	DIRECTOR-AT-LARGE (OUTGOING 2023)	1.00	Director	$0	$0	$0
DONNY SIMMONS	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
JOHN SWANN	DIRECTOR-AT-LARGE (OUTGOING 2023)	1.00	Director	$0	$0	$0
JOHN THOMAS	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
YOSHIYUKI UEMURA	DIRECTOR-AT-LARGE (INCOMING 2023)	1.00	Director	$0	$0	$0
PHILIP WINDHAM	DIRECTOR-AT-LARGE (INCOMING 2023)	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	$42,063,292	$41,359,977	$54,580,753	$703,315
2022	$38,104,556	$38,196,981	$51,666,075	$-92,425
2021	$32,390,159	$33,708,811	$58,066,234	$-1,318,652
2020	$32,876,642	$33,143,344	$56,416,841	$-266,702
2019	$33,464,895	$35,044,150	$53,821,291	$-1,579,255
2018	$31,406,659	$31,830,796	$53,593,497	$-424,137

AIR-CONDITIONING HEATING AND REFRIGERATION INSTITUTE