INTERNATIONAL ASSOCIATION OF HEAT & FROST LOCAL #25 (EIN 381115125) - 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

1911

Legal Domicile

Principal Officer

CURT E McGLONE

Phone

2483521850

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF HEAT & FROST LOCAL #25, founded in 1911, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

LABOR UNION WHICH PROVIDES COLLECTIVE BARGAINING TO MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,003,577

Program Service Revenue $0

Investment Income $42,243

Other Revenue $121,434

TOTAL REVENUE $1,167,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $486,465

Fundraising Expenses $0

Program Expenses $1,332,450

Other Expenses $816,161

TOTAL EXPENSES $1,332,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,167,254	$1,140,353	+0.0%
Expenses	$1,332,450	$1,134,704	+0.2%
Net Income	$-165,196	$5,649	-30.2%

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

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

$191,649

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURT McGLONE	BUSINESS MANAGER	40.00	Officer	$93,629	$0	$93,629
JAMES BOYD	PRESIDENT/ORGANIZER	40.00	Officer	$36,912	$0	$36,912
ADAM WERLE	FINANCIAL SECRETARY	8.00	Officer	$20,272	$0	$20,272
DAVID INNIS	EXECUTIVE BOARD	0.50	Officer	$0	$0	$0
DAVID CHUDZINSKI JR	VICE PRESIDENT	0.50	Officer	$30,434	$0	$30,434
VINCENT MICAH	RECORDING SECRETARY	0.50		$0	$0	$0
SCOTT NOLAN	EXECUTIVE BOARD	0.50	Officer	$0	$0	$0
ED HOWARD	EXECUTIVE BOARD	0.50	Officer	$0	$0	$0
RANDY ROWELL	EXECUTIVE BOARD	0.50	Officer	$0	$0	$0
JOSHUA CLAXTON	FINANCIAL SECRETARY	8.00	Officer	$10,402	$0	$10,402

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	$1,167,254	$1,332,450	$2,177,476	$-165,196
2022	$1,140,353	$1,134,704	$2,342,555	$5,649
2021	$1,184,401	$1,110,356	$2,336,936	$74,045
2020	$910,510	$1,010,649	$2,272,891	$-100,139
2019	$1,014,705	$1,048,151	$2,373,030	$-33,446

INTERNATIONAL ASSOCIATION OF HEAT & FROST LOCAL #25