AIR-CONDITIONING HEATING AND REFRIGERATION TECHNOLOGY INSTITUTE (EIN 272342705) - 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

2010

Legal Domicile

Principal Officer

STEPHEN YUREK

Phone

7035248800

Tax Period

2023-01-01 to 2023-12-31

AIR-CONDITIONING HEATING AND REFRIGERATION TECHNOLOGY INSTITUTE, founded in 2010, is a small nonprofit in the Education sector that reported $557K in total revenue in fiscal year 2018. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130K, a strong 23% operating margin.

Mission

THE AIR-CONDITIONING, HEATING AND REFRIGERATION TECHNOLOGY INSTITUTE WAS INCORPORATED TO CONDUCT AND MANAGE SCIENTIFIC ACTIVITY IN THE PUBLIC INTEREST RELATED TO AIR-CONDITIONING, HEATING, AND REFRIGERATION.

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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 $52,605

Program Service Revenue $717,186

Investment Income $0

Other Revenue $0

TOTAL REVENUE $769,791

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,858

Fundraising Expenses $0

Program Expenses $255,597

Other Expenses $227,841

TOTAL EXPENSES $263,699

Year-over-Year Comparison

	2023	2022	Change
Revenue	$769,791	$150,000	+4.1%
Expenses	$263,699	$54,501	+3.8%
Net Income	$506,092	$95,499	+4.3%

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

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

N/A

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

$930,939

Total Directors

$2,054,492

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN YUREK	CHAIRMAN	1.00	Officer Director	$0	$24,691	$728,850
JOHN LANIER	DIRECTOR	1.00	Director	$0	$38,351	$437,776
SAMANTHA SLATER	DIRECTOR	1.00	Director	$0	$22,583	$316,474
MARIE-CHRISTINE CARPIZO	DIRECTOR	1.00	Director	$0	$10,202	$262,569
XUDONG WANG	TREASURER/SECRETARY	1.00	Officer Director	$0	$8,202	$202,089
HELEN WALTER-TERRINONI	DIRECTOR (OUTGOING 2023)	1.00	Director	$0	$3,322	$106,734

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
2023	$769,791	$263,699	$372,157	$506,092
2021	$553,033	$467,458	$186,731	$85,575
2019	$533,550	$738,172	$369,158	$-204,622
2019	$533,550	$738,172	$369,158	$-204,622
2018	$557,100	$427,173	$419,425	$129,927

AIR-CONDITIONING HEATING AND REFRIGERATION TECHNOLOGY INSTITUTE