International Assoc of Heat 47

EIN: 381273708

Lansing, MI

Total Revenue
$1,907,073
Total Expenses
$1,374,626
Total Assets
$2,382,813
Net Assets
$2,355,222
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
MI
Principal Officer
Walter Wilson
Phone
5177080665
Tax Period
2025-01-01 to 2025-12-31

International Assoc of Heat 47, founded in 1937, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2025. The organization ran a surplus of $532K, a strong 28% operating margin.

Mission

501(c)(5) Labor Organization. Members are skilled insulators and steam fitters.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,853,355
Program Service Revenue $0
Investment Income $17,718
Other Revenue $36,000
TOTAL REVENUE $1,907,073

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,374,626
Other Expenses $1,374,626
TOTAL EXPENSES $1,374,626

Year-over-Year Comparison

2025 2024 Change
Revenue $1,907,073 $1,881,582 +0.0%
Expenses $1,374,626 $1,314,749 +0.0%
Net Income $532,447 $566,833 -0.1%
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
192
Independent Members
N/A
Employees
4
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
3
$0
Total Directors
7
$0
Key Employees
2
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Walter Wilson President 5.00
Officer Director
$0 $0 $0
Joshua Scalici Executive Board 1.00
Director
$0 $0 $0
Alfredo Gutierrez Executive Board 1.00
Director
$0 $0 $0
Greg Weller Executive Board 1.00
Director
$0 $0 $0
Maryjo Hidalgo Executive Board 1.00
Director
$0 $0 $0
Phillip Wilson Executive Board 1.00
Director
$0 $0 $0
Andrew Michalak Executive Board 1.00
Director
$0 $0 $0
Ashley Dillon Office Manager 40.00
Key Emp
$0 $0 $0
Patrick Welch Financial Secretary 40.00
Officer
$0 $0 $0
Joshua Kroell PensionWelfare Trustee 1.00
Key Emp
$0 $0 $0
Paul McKeeby Vice President 5.00
Officer
$0 $0 $0
Mitchell Carpenter Executive Board 1.00
$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 $1,907,073 $1,374,626 $2,382,813 $532,447
2024 $1,881,582 $1,314,749 $1,826,894 $566,833
2023 $1,163,618 $1,003,780 $1,259,352 $159,838
2022 $1,084,150 $942,467 $1,099,768 $141,683
2021 $1,143,465 $887,477 $959,497 $255,988
2020 $949,528 $949,132 $705,133 $396
2019 $893,827 $845,066 $703,802 $48,761
2018 $998,807 $1,014,072 $654,028 $-15,265
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