Heat & Frost Insulators & Allied Workers Local 47 (EIN 386058846) - 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

1957

Legal Domicile

Phone

5173217502

Tax Period

2024-01-01 to 2024-12-31

Heat & Frost Insulators & Allied Workers Local 47, founded in 1957, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $5.1M left a modest 13% surplus.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS OF THE PLAN.

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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 $0

Program Service Revenue $5,641,628

Investment Income $263,894

Other Revenue $15,225

TOTAL REVENUE $5,920,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $417,768

TOTAL EXPENSES $5,123,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,920,747	$3,758,817	+0.6%
Expenses	$5,123,980	$3,938,654	+0.3%
Net Income	$796,767	$-179,837	-5.4%

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

$259,579

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA KROELL	SECRETARY	1.00	Director	$0	$64,911	$172,676
JOSHUA SCALICI	TRUSTEE	1.00	Director	$0	$49,517	$49,517
WALTER WILSON	TRUSTEE	1.00	Director	$0	$35,313	$37,386
ROBERT WILLIAMS	CHAIRMAN	1.00	Director	$0	$0	$0
THOMAS DYLENSKI	TRUSTEE	1.00	Director	$0	$0	$0
JOHN LYONS	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	$5,920,747	$5,123,980	$7,310,108	$796,767
2023	$3,758,817	$3,938,654	$5,584,399	$-179,837
2022	$3,897,954	$4,258,669	$5,147,100	$-360,715
2021	$3,506,767	$3,137,129	$6,766,409	$369,638
2020	$3,096,093	$3,428,000	$6,001,314	$-331,907
2019	$3,242,496	$3,529,442	$6,060,707	$-286,946
2018	$3,476,823	$2,952,001	$5,829,371	$524,822
2018	$3,476,823	$2,662,001	$5,829,371	$814,822

Heat & Frost Insulators & Allied Workers Local 47