INTERNATIONAL HEAVY HAUL ASSOCIATION

EIN: 431431234 501(c)(3) Community Improvement

VIRGINIA BEACH, VA

Total Revenue
$54,091
Total Expenses
$61,919
Total Assets
$590,748
Net Assets
$588,215
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
VA
Principal Officer
W SCOTT LOVELACE
Phone
7574968288
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL HEAVY HAUL ASSOCIATION, founded in 1986, is a micro nonprofit in the Community Improvement sector that reported $54K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $62K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION'S EXEMPT PURPOSE IS EDUCATIONAL AND SCIENTIFIC TO ASSIST IN HEAVY HAUL CONFERENCES AND WORKSHOPS REGARDING HEAVY HAUL ACTIVITIES.

Program Service Accomplishments

Program 1
Expenses: $30,549

INTERNATIONAL HEAVY HAUL EDUCATIONAL CONFERENCES AND WORKSHOPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $44,942
Program Service Revenue $9,149
Investment Income $0
Other Revenue $0
TOTAL REVENUE $54,091

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,550
Fundraising Expenses $0
Program Expenses $30,549
Other Expenses $38,369
TOTAL EXPENSES $61,919

Year-over-Year Comparison

2024 2023 Change
Revenue $54,091 $98,904 -0.5%
Expenses $61,919 $83,442 -0.3%
Net Income $-7,828 $15,462 -1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
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
3
$23,550
Total Directors
18
$23,550
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
W SCOTT LOVELACE CEO 10.00
Officer Director
$23,550 $0 $23,550
WANG BOAGUO DIRECTOR 1.00
Director
$0 $0 $0
THOR BRAEKKAN DIRECTOR 1.00
Director
$0 $0 $0
NKULULEKO GOBHOZI DIRECTOR 1.00
Director
$0 $0 $0
KARI GONZALES CHAIR 1.00
Officer Director
$0 $0 $0
ETHAM HAKAN GUNEL DIRECTOR 1.00
Director
$0 $0 $0
KATE HOLLING DIRECTOR 1.00
Director
$0 $0 $0
EDILSON JUN KINA DIRECTOR 1.00
Director
$0 $0 $0
ALEXANDER KOSAREV DIRECTOR 1.00
Director
$0 $0 $0
PER-OLOF LARSSON-KRAIK DIRECTOR 1.00
Director
$0 $0 $0
JASON LIVINGSTON DIRECTOR 1.00
Director
$0 $0 $0
ANTONIO MERHEB VICE CHAIR 1.00
Officer Director
$0 $0 $0
BRIAN MONAKALI DIRECTOR 1.00
Director
$0 $0 $0
FELIPE MOREIRA DIRECTOR 1.00
Director
$0 $0 $0
DR PRANAI PRABHAKAR DIRECTOR 1.00
Director
$0 $0 $0
SHAUN ROBERTSON DIRECTOR 1.00
Director
$0 $0 $0
SERGEY VINOGRADOV DIRECTOR 1.00
Director
$0 $0 $0
SERGEY ZAKHAROV DIRECTOR 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
2024 $54,091 $61,919 $590,748 $-7,828
2023 $98,904 $83,442 $596,166 $15,462
2022 $74,239 $30,072 $580,581 $44,167
2021 $62,306 $54,636 $537,056 $7,670
2020 $73,936 $30,815 $537,559 $43,121
2019 $85,583 $75,397 $498,996 $10,186
2018 $73,942 $104,605 $482,676 $-30,663
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