INT'L ASSOC OF HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL NO 81 WELFARE FUND (EIN 266204070) - 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

2007

Legal Domicile

Principal Officer

WILLIAM GRIMM

Phone

3097648080

Tax Period

2020-04-01 to 2021-03-31

INT'L ASSOC OF HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL NO 81 WELFARE FUND, founded in 2007, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2018. Expenses of $964K left a modest 8% surplus.

Mission

TO PROVIDE HEALTH & WELFARE BENEFITS TO PARTICIPATING MEMBERS UNDER A COLLECTIVELY BARGAINED LABOR CONTRACT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $812,679

Investment Income $12,988

Other Revenue $46,780

TOTAL REVENUE $872,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $272,311

TOTAL EXPENSES $-157,988

Year-over-Year Comparison

	2020	2019	Change
Revenue	$872,447	$1,039,099	-0.2%
Expenses	$-157,988	$1,137,790	-1.1%
Net Income	$1,030,435	$-98,691	-11.4%

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

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
KELLY CHANDLER	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM GRIMM	CHAIRMAN	2.00	Officer Director	$0	$0	$0
GARY WHITE	TRUSTEE	2.00	Director	$0	$0	$0
SEAN NAGLE	TRUSTEE	2.00	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
2021	$872,447	$-157,988	No data	$1,030,435
2020	$1,039,099	$1,137,790	$2,170,936	$-98,691
2019	$1,045,908	$964,482	$2,090,938	$81,426

INT'L ASSOC OF HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL NO 81 WELFARE FUND