Heat and Frost Insulators and Allied Workers Regional Local #207 (EIN 382977784) - 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

1990

Legal Domicile

Principal Officer

Douglas Ripple

Phone

7349471745

Tax Period

2024-06-01 to 2025-05-31

Heat and Frost Insulators and Allied Workers Regional Local #207, founded in 1990, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 5% surplus.

Mission

To protect and advance the Abatement Workers Trade and membership through representation of members in collective bargaining, labor negotiations, and other union related activities.

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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 $1,439,362

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,439,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $767,449

Fundraising Expenses $0

Other Expenses $600,556

TOTAL EXPENSES $1,368,005

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,439,362	N/A	N/A
Expenses	$1,368,005	N/A	N/A
Net Income	$71,357	$0	N/A

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

$127,202

Total Directors

$127,202

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Douglas Ripple	Business Manager/ Financial Secretary	40.00	Officer Director	$127,202	$0	$127,202
Kevin Meagher	Organizer/President	40.00	Director	$0	$0	$0
Wade Edwards	Organizer	40.00	Director	$0	$0	$0
Shawn Holeman	Organizer	40.00	Director	$0	$0	$0
Forrest Russell	Organizer	40.00	Director	$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	$1,439,362	$1,368,005	$603,624	$71,357
2024	$1,492,238	$1,444,031	$532,267	$48,207
2022	$1,669,397	$1,467,183	$330,073	$202,214
2021	$1,379,416	$1,545,771	$127,859	$-166,355

Heat and Frost Insulators and Allied Workers Regional Local #207