HEAT AND FROST INSULATORS LOCAL 34 HEALTH & WELFARE PLAN (EIN 416263066) - 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

1953

Legal Domicile

Principal Officer

TIM HYNES

Phone

9528540795

Tax Period

2024-04-01 to 2025-03-31

HEAT AND FROST INSULATORS LOCAL 34 HEALTH & WELFARE PLAN, founded in 1953, is a mid-sized nonprofit that reported $11.9M in total revenue in fiscal year 2024. Expenses of $11.0M left a modest 8% surplus.

Mission

PROVIDE HEALTH AND WELFARE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,524,810

Investment Income $368,720

Other Revenue $0

TOTAL REVENUE $11,893,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $434,754

TOTAL EXPENSES $10,990,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,893,530	$12,423,793	0.0%
Expenses	$10,990,830	$11,165,168	0.0%
Net Income	$902,700	$1,258,625	-0.3%

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

$780,203

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT BYERS	TRUSTEE	1.00	Director	$0	$72,696	$230,633
ERIC HOUSKE	ALTERNATE TRUSTEE - PAST	1.00	Director	$0	$35,819	$113,808
LEE HOUSKE	TRUSTEE	1.00	Director	$0	$0	$3,212
MARTHA HENRICKSON	TRUSTEE	1.00	Director	$0	$0	$0
TIM HYNES	TRUSTEE	1.00	Director	$0	$0	$0
MIKE POOT	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM MEYER	TRUSTEE - PAST	1.00	Director	$0	$72,696	$216,275
SAM LIBKE	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
ANGELA SHEEHAN	ALTERNATE TRUSTEE	1.00	Director	$0	$72,696	$216,275
ROBERT WALLACE	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
2025	$11,893,530	$10,990,830	$11,017,715	$902,700
2024	$12,423,793	$11,165,168	$9,968,224	$1,258,625
2023	$9,955,334	$10,377,080	$8,336,209	$-421,746
2022	$10,665,507	$10,877,285	$9,257,312	$-211,778
2021	$9,360,441	$10,629,297	$9,952,324	$-1,268,856
2020	$11,810,141	$13,058,473	$9,770,163	$-1,248,332
2019	$9,282,086	$10,941,478	$11,697,323	$-1,659,392

HEAT AND FROST INSULATORS LOCAL 34 HEALTH & WELFARE PLAN