Heat and Frost Insulators and Allied Workers Local 25 Welfare Fund (EIN 386058688) - 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

1951

Legal Domicile

Phone

2488139800

Tax Period

2023-01-01 to 2023-12-31

Heat and Frost Insulators and Allied Workers Local 25 Welfare Fund, founded in 1951, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 28% operating margin.

Mission

Provision of medical benefits

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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 $0

Program Service Revenue $4,668,348

Investment Income $282,935

Other Revenue $508,890

TOTAL REVENUE $5,460,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,924,351

Other Expenses $204,891

TOTAL EXPENSES $3,924,351

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,460,173	$3,958,777	+0.4%
Expenses	$3,924,351	$3,918,304	+0.0%
Net Income	$1,535,822	$40,473	+36.9%

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

N/A

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

$182,832

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Justin Pethke	Trustee	1.00	Director	$0	$0	$0
Curt McGlone	Trustee	1.00	Director	$0	$0	$93,629
Michael O'Connell	Trustee	1.00	Director	$0	$0	$4,964
Paul McEachren	Trustee	1.00	Director	$0	$0	$0
Thomas O'Connell	Trustee	1.00	Director	$0	$0	$84,059
Randy Rowell	Trustee	1.00	Director	$0	$0	$180
Robert Wright	Trustee	1.00	Director	$0	$0	$0
Micah Vincent	Trustee	1.00	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
2024	No data	No data	No data	No data
2023	$5,460,173	$3,924,351	$11,723,157	$1,535,822
2022	$3,958,777	$3,918,304	$10,260,097	$40,473
2021	$6,318,662	$4,057,690	$10,356,072	$2,260,972
2020	$4,697,061	$3,891,796	$8,102,846	$805,265
2019	$5,261,213	$3,939,561	$7,294,818	$1,321,652
2018	$4,484,795	$3,771,989	$5,831,262	$712,806

Heat and Frost Insulators and Allied Workers Local 25 Welfare Fund