INTERNATIONAL ASSOCIATION OF HEAT … - Form 990 Financial Data

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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

1927

Legal Domicile

Principal Officer

RONALD A MCNEALEY

Phone

3193628233

Tax Period

2022-10-01 to 2023-09-30

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS LOCAL #81, founded in 1927, is a small nonprofit that reported $537K in total revenue in fiscal year 2022. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $517K left a modest 4% surplus.

Mission

TO ASSIST MEMBERS IN SECURING EMPLOYMENT, DEFENDING THEIR RIGHTS AND ADVANCING THEIR INTERESTS THROUGH EDUCATION AND COOPERATION

Program Service Accomplishments

Program 1

Expenses: $318,133

OPERATION OF INSULATORS LOCAL UNION FOR THE BENEFIT OF ITS MEMBERS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $496,549

Investment Income $6,681

Other Revenue $34,208

TOTAL REVENUE $537,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $345,627

Fundraising Expenses $0

Program Expenses $318,133

Other Expenses $171,206

TOTAL EXPENSES $516,833

Year-over-Year Comparison

	2022	2021	Change
Revenue	$537,438	$702,305	-0.2%
Expenses	$516,833	$647,544	-0.2%
Net Income	$20,605	$54,761	-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

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

$300,963

Total Directors

$1,716

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT MAU - PAST	E BOARD	1.00	Director	$0	$0	$0
JERRY APPLEBY	E BOARD	1.00	Director	$0	$0	$0
CHRIS GIMM	E BOARD	1.00	Director	$1,020	$696	$1,716
RICK EVERS	E BOARD	1.00	Director	$0	$0	$0
JEREMIAH GRIEP	E BOARD	1.00	Director	$0	$0	$0
ANDREW COURBAT - PAST	E BOARD	1.00	Director	$0	$0	$0
TRAVIS MCNEALEY	E BOARD	1.00	Director	$0	$0	$0
ROBERT MARTIN	E BOARD	1.00	Director	$0	$0	$0
RONALD MCNEALEY	BUSINESS MANAGER/FINANCIAL SECRETARY	45.00	Officer	$91,355	$69,011	$160,366
SEAN NAGLE	PRESIDENT/ORGANIZER	1.00	Officer	$65,389	$59,478	$124,867
BENNET BRUMMIT - PAST	FINANCIAL SECRETARY	10.00	Officer	$8,944	$6,786	$15,730

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	$537,438	$516,833	$453,562	$20,605
2022	$702,305	$647,544	$433,352	$54,761
2021	$679,863	$600,744	$378,664	$79,119
2020	$504,188	$666,619	$302,682	$-162,431
2019	$534,406	$656,644	$464,262	$-122,238
2018	$654,068	$639,955	$582,913	$14,113

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS LOCAL #81