INTERNATIONAL ASSOC OF HEAT & FROST INSULATORS LU 74 (EIN 426076559) - 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

1925

Legal Domicile

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

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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 (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

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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

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

$127,460

Total Directors

$127,656

Key Employees

Highest Compensated

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

INTERNATIONAL ASSOC OF HEAT & FROST INSULATORS LU 74