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 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 $74K in total revenue in fiscal year 2018. Revenue surged 240% from the prior year, signaling strong growth momentum. Expenses of $105K exceeded revenue, resulting in a 41% operating deficit.

Mission

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

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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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