INTERN ASSOC OF HEAT & FROST LOCAL 37

EIN: 350706776

EVANSVILLE, IN

Total Revenue
$1,617,633
Total Expenses
$1,458,444
Total Assets
$3,491,341
Net Assets
$3,452,573
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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
1931
Legal Domicile
IN
Principal Officer
STEVEN CARR
Phone
8124772341
Tax Period
2023-01-01 to 2023-12-31

INTERN ASSOC OF HEAT & FROST LOCAL 37, founded in 1931, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 10% surplus.

Mission

PROVIDING REPRESENTATION, ADVANCEMENT AND DEVELOPMENT OF EMPLOYMENT OPPORTUNITIES FOR OUR MEMBERS AND SUPPLYING OUR SIGNATORY CONTRACTORS WITH A SKILLED WORK FORCE.

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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 $1,376,543
Program Service Revenue $114,805
Investment Income $51,127
Other Revenue $75,158
TOTAL REVENUE $1,617,633

Expense Breakdown

Grants Paid $0
Salaries & Benefits $285,954
Fundraising Expenses $0
Other Expenses $966,296
TOTAL EXPENSES $1,458,444

Year-over-Year Comparison

2023 2022 Change
Revenue $1,617,633 $1,243,963 +0.3%
Expenses $1,458,444 $1,248,845 +0.2%
Net Income $159,189 $-4,882 -33.6%
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

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Governance

Voting Members
271
Independent Members
271
Employees
13
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
4
$125,808
Total Directors
11
$102,596
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK LAUBSCHER VICE PRESIDENT 1.50
Officer Director
$1,087 $0 $1,087
JOHN BENJEY TRUSTEE 1.50
Director
$263 $0 $263
ANDY KRAUS PRESIDENT 1.50
Officer Director
$3,676 $0 $3,676
MIKE HALLINAN TRUSTEE 1.50
Director
$0 $0 $0
STEPHEN MILLS EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
SCOTT KRAUS FINANCIAL SECRETARY 1.50
Officer Director
$263 $0 $263
FRANK ORITZ JR EXECUTIVE BOARD MEMBER 1.50
Director
$263 $0 $263
DEMETRIUS TINSLEY EXECUTIVE BOARD MEMBER 1.50
Director
$1,335 $0 $1,335
MATTHEW DRESSEL EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
JOEL C MILLS TRUSTEE 40.00
Director
$95,446 $0 $95,446
DANIEL R DAUGHERTY EXECUTIVE BOARD MEMBER 1.50
Director
$263 $0 $263
STEVEN P CARR BUSINESS MANAGER 44.00
Officer
$120,782 $0 $120,782
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 $1,617,633 $1,458,444 $3,491,341 $159,189
2022 $1,243,963 $1,248,845 $3,181,790 $-4,882
2021 $1,258,883 $1,407,878 $3,469,283 $-148,995
2020 $1,177,028 $1,396,381 $3,606,457 $-219,353
2019 $1,328,426 $1,363,643 $3,747,033 $-35,217
2018 $1,284,150 $1,425,476 $3,710,698 $-141,326
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