INTERNATIONAL ASSOC OF HEAT & FROST INSULATORS LU 74

EIN: 426076559

DES MOINES, IA

Total Revenue
$196,668
Total Expenses
$250,018
Total Assets
$454,456
Net Assets
$445,539
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1925
Legal Domicile
IA
Principal Officer
CHRIS THOMPSON
Phone
5122026874
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL ASSOC OF HEAT & FROST INSULATORS LU 74, founded in 1925, is a small nonprofit that reported $197K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $250K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROMOTE AND PROTECT THE INTERESTS OF ITS MEMBERSHIP BY PROVIDING EDUCATION, TRAINING, JOB PLACEMENT, AND ONGOING WORKERS TO JOIN THE UNION.

Program Service Accomplishments

Program 1

TO ASSIST WORKERS UNDER ITS JURISDICTION FOR THE PURPOSE OF IMPROVING WAGES, HOURS, AND WORKING CONDITIONS. PROGRAM EXPENSES ARE NOT APPLICABLE AS THIS IS A LABOR UNION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $161,210
Investment Income $14,960
Other Revenue $20,498
TOTAL REVENUE $196,668

Expense Breakdown

Grants Paid $2,856
Salaries & Benefits $145,020
Fundraising Expenses $0
Other Expenses $102,142
TOTAL EXPENSES $250,018

Year-over-Year Comparison

2023 2022 Change
Revenue $196,668 $182,013 +0.1%
Expenses $250,018 $242,243 +0.0%
Net Income $-53,350 $-60,230 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
4
Employees
9
Volunteers
6

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
3
$127,460
Total Directors
8
$127,656
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BO MODLIN SECRETARY TREASURER 40.00
Officer Director
$66,707 $55,196 $121,903
CHRIS THOMPSON PRESIDENT 3.00
Officer Director
$3,008 $1,938 $4,946
CORY BOYD VICE PRESIDENT 0.50
Officer Director
$369 $242 $611
DEREK DONALDSON UNION TRUSTEE/EXECUTIVE BO 0.50
Director
$0 $0 $0
ROBERT ROBERTS UNION TRUSTEE/EXECUTIVE BO 0.50
Director
$0 $0 $0
JONATHAN DAGNILLO UNION TRUSTEE/EXECUTIVE BO 0.50
Director
$119 $77 $196
NEAL ABBOTT EXECUTIVE BOARD 0.50
Director
$0 $0 $0
NICHOLAS COX EXECUTIVE BOARD 0.50
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 $196,668 $250,018 $454,456 $-53,350
2022 $182,013 $242,243 $507,461 $-60,230
2021 $214,486 $209,514 $567,065 $4,972
2020 $159,684 $211,132 $560,281 $-51,448
2019 $240,986 $239,112 $611,951 $1,874
2018 $241,302 $223,436 $609,485 $17,866
Explore More Nonprofits
→Top 100 Nonprofits in Iowa →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare INTERNATIONAL ASSOC OF HEAT & FROST INSULATORS LU 74 with other nonprofits in Iowa and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.