Heat & Frost Local 25 Joint Apprenticeship & Training Fund (EIN 382166573) - 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

1986

Legal Domicile

Principal Officer

Robert Wright

Phone

2483521850

Tax Period

2024-06-01 to 2025-05-31

Heat & Frost Local 25 Joint Apprenticeship & Training Fund, founded in 1986, is a small nonprofit that reported $341K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $159K, a strong 47% operating margin.

Mission

Training of Apprentices

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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 (2024)

Revenue Breakdown

Contributions & Grants $114,550

Program Service Revenue $212,175

Investment Income $10,361

Other Revenue $3,450

TOTAL REVENUE $340,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,318

Fundraising Expenses $0

Program Expenses $181,437

Other Expenses $103,119

TOTAL EXPENSES $181,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$340,536	$193,338	+0.8%
Expenses	$181,437	$148,660	+0.2%
Net Income	$159,099	$44,678	+2.6%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

$28,776

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Constance Vincent	Trustee	0.50	Director	$0	$0	$0
Zack Hare	Trustee	0.50	Director	$0	$0	$0
Jay Bath	Trustee	0.50	Director	$0	$0	$0
Eric Kiekelberg	Trustee	0.50	Director	$0	$0	$0
Jeff Pethke	Trustee	0.50	Director	$0	$0	$0
Mike Lassen	Trustee	0.50	Director	$0	$0	$0
Robert Wright	Administrator	1.00	Director	$0	$0	$0
Martin Allen	Instructor	40.00	Key Emp	$28,776	$0	$28,776

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	$340,536	$181,437	$480,646	$159,099
2024	$193,338	$148,660	$318,437	$44,678
2023	$149,288	$191,407	$282,711	$-42,119
2022	$189,154	$172,610	$328,151	$16,544
2021	$135,548	$146,069	$305,721	$-10,521

Heat & Frost Local 25 Joint Apprenticeship & Training Fund