Intrnl Assoc of Heat - JATC (EIN 383335486) - 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

1996

Legal Domicile

Principal Officer

Patrick Welch

Phone

5177080665

Tax Period

2024-07-01 to 2025-06-30

Intrnl Assoc of Heat - JATC, founded in 1996, is a small nonprofit that reported $340K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $299K left a modest 12% surplus.

Mission

Apprenticeship labor training organization for Heat, Asbestos, and Frost Insulator Local 47

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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 $339,543

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $339,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,445

Fundraising Expenses $0

Program Expenses $298,826

Other Expenses $171,381

TOTAL EXPENSES $298,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$339,543	$260,530	+0.3%
Expenses	$298,826	$160,124	+0.9%
Net Income	$40,717	$100,406	-0.6%

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

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

Total Directors

Key Employees

$82,214

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Walter Wilson	Instructor	2.00	Key Emp	$26,653	$0	$26,653
Steven Corstange	Instructor	3.00	Key Emp	$20,943	$0	$20,943
Phillip Wilson	Instructor	8.00		$19,152	$0	$19,152
Alfredo Gutierrez	Instructor	0.00	Key Emp	$11,900	$0	$11,900
Kenneth Hagerty	Instructor	0.00	Key Emp	$11,359	$0	$11,359
Daniel Hegyi	Instructor	0.00	Key Emp	$11,359	$0	$11,359
Patrick Welch	Financial Secretary	2.00	Officer Director	$0	$0	$0
Timothy Garcia	Trustee	1.00	Officer Director	$0	$0	$0
John Lyons	Trustee	1.00	Officer Director	$0	$0	$0
Michael Williams	Trustee	1.00	Officer Director	$0	$0	$0
Thomas Dylenski	Trustee	1.00	Officer Director	$0	$0	$0
Kyle Hyma	Trustee	1.00	Officer Director	$0	$0	$0
Tyler Kohnke	Trustee	0.00	Officer Director	$0	$0	$0
Joshua Scalici	Trustee	0.00	Officer Director	$0	$0	$0
Larry Burch	Instructor	4.00		$0	$0	$0
Aaron Lewis	Trustee	1.00		$0	$0	$0
Adam Fisher	Instructor	3.00		$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	$339,543	$298,826	$180,628	$40,717
2024	$260,530	$160,124	$140,084	$100,406
2023	$111,033	$137,434	$39,126	$-26,401
2022	$136,312	$122,650	$66,040	$13,662
2021	$125,628	$99,893	$51,816	$25,735
2020	$106,051	$98,692	$26,461	$7,359
2019	$134,895	$127,278	$19,074	$7,617

Intrnl Assoc of Heat - JATC