INDUSTRIAL INSULATION CONTRACTORS ASSOCIATION OF SOUTHERN NEW YORK INC

EIN: 271485253 Community Improvement

Melville, NY

Total Revenue
$57,372
Total Expenses
$28,957
Total Assets
$327,029
Net Assets
$326,929
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NY
Phone
5166775183
Tax Period
2023-01-01 to 2023-12-31

INDUSTRIAL INSULATION CONTRACTORS ASSOCIATION OF SOUTHERN NEW YORK INC, founded in 1973, is a micro nonprofit in the Community Improvement sector that reported $57K in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28K, a strong 50% operating margin.

Mission

The particular business and objectives of the Association shall be: i to provide a means whereby persons engaged in the industries of a furnishing and applying insulation to piping , apparatus, and ducts in connection with heating, plumbing,air conditioning, and refrigeration systems, and to steam generating and industrial processing equipment, b sealing of through penetrations, openings, and gaps in rated walls and floors, including slab-edges to prevent the passage of fire, smoke, or other gasses, may meet, fraternize and exchange ideas in relation to said industries the industries described in a and b are referred to herein collectively as the Industries ii to develop and foster fair dealings and practices and a high stsndard of business ethics among those engaged in the business, so that membership in the Association will be a reasonable assurance to the public of the skill, intergrity, and responsibilities of its members, and the pubic will regard members of the Association as con

Program Service Accomplishments

Program 1
Expenses: $18,074

To organize and engage in such activities as research, and public education for the benefit of its members to secure and disseminate to members specialized information necessary to the efficiency...

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To organize and engage in such activities as research, and public education for the benefit of its members to secure and disseminate to members specialized information necessary to the efficiency operation of the businesses of the members and to engage in collective bargaining with organized labor in order to eliminate work stoppages and to promote harmonious relations between the members of the Association and their respective employees and to adjust such differences as they may arise between them from time to time by amicable action.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $43,432
Program Service Revenue $0
Investment Income $13,940
Other Revenue $0
TOTAL REVENUE $57,372

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $18,074
Other Expenses $28,957
TOTAL EXPENSES $28,957

Year-over-Year Comparison

2023 2022 Change
Revenue $57,372 $30,450 +0.9%
Expenses $28,957 $29,446 0.0%
Net Income $28,415 $1,004 +27.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID KIM President 5.00
Officer
$0 $0 $0
DONALD DONNELY JR Vice President 5.00
Officer
$0 $0 $0
BRIAN AULL Treasurer 5.00
Officer
$0 $0 $0
JOSEPH LEO JR Secretary 5.00
Officer
$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 No data No data No data No data
2024 No data No data No data No data
2023 $57,372 $28,957 $327,029 $28,415
2022 $30,450 $29,446 $298,614 $1,004
2021 $48,173 $22,394 $297,510 $25,779
2020 $85,395 $20,806 $271,731 $64,589
2019 $75,002 $29,090 $207,142 $45,912
2018 $57,856 $9,306 $161,230 $48,550
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