HEAT & FROST INSULATORS & ALLIED WORKERS #81 APPRENTICESHIP FUND

EIN: 420949270 501(c)(3) Education

ROCK ISLAND, IL

Total Revenue
$220,334
Total Expenses
$174,119
Total Assets
$232,282
Net Assets
$224,147
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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
1903
Legal Domicile
IL
Principal Officer
JEREMIAH GRIEP
Phone
3092837470
Tax Period
2023-05-01 to 2024-04-30

HEAT & FROST INSULATORS & ALLIED WORKERS #81 APPRENTICESHIP FUND, founded in 1903, is a small nonprofit in the Education sector that reported $220K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 21% operating margin.

Mission

PROVIDE TRAINING FOR NEW 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $211,866
Investment Income $8,468
Other Revenue $0
TOTAL REVENUE $220,334

Expense Breakdown

Grants Paid $0
Salaries & Benefits $132,565
Fundraising Expenses $0
Program Expenses $107,324
Other Expenses $41,554
TOTAL EXPENSES $174,119

Year-over-Year Comparison

2023 2022 Change
Revenue $220,334 $175,169 +0.3%
Expenses $174,119 $166,541 +0.0%
Net Income $46,215 $8,628 +4.4%
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

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Governance

Voting Members
4
Independent Members
2
Employees
4
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
1
$118,492
Total Directors
4
$2,287
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEN BRUMMIT TRUSTEE 0.50
Director
$745 $506 $1,251
JERRY APPLEBY TRUSTEE 0.50
Director
$617 $419 $1,036
GEORGE MENKE TRUSTEE 0.50
Director
$0 $0 $0
BEN ANTLE TRUSTEE 0.50
Director
$0 $0 $0
JEREMIAH GRIEP TRAINING COORDINATOR 40.00
Officer
$72,694 $45,798 $118,492
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 $220,334 $174,119 $232,282 $46,215
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