HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL 33 LABOR MANAGEMENT (EIN 461457858) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

DONALD SCOOPO

Phone

2032656376

Tax Period

2024-01-01 to 2024-12-31

HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL 33 LABOR MANAGEMENT, founded in 2012, is a small nonprofit in the Employment sector that reported $226K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $258K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO EMPLOYERS THAT EMPLOY MEMBERS OF THE LOCAL UNION IN ORDER TO PROMOTE THE COMPETITIVENESS OF THE LOCAL UNION AND EMPLOYMENT OPPORTUNITIES OF ITS MEMBERS.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $179,339

Investment Income $47,152

Other Revenue $0

TOTAL REVENUE $226,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $257,771

TOTAL EXPENSES $257,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,491	$258,502	-0.1%
Expenses	$257,771	$128,575	+1.0%
Net Income	$-31,280	$129,927	-1.2%

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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL AINSWORTH	TRUSTEE	2.00	Director	$0	$0	$0
JOHN HOEY	TRUSTEE	2.00	Director	$0	$0	$0
NICHOLAS HOYT	TRUSTEE	2.00	Director	$0	$0	$0
DAVID KIM	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH LEO	TRUSTEE	2.00	Director	$0	$0	$0
DONALD SCOOPO	TRUSTEE	2.00	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	$226,491	$257,771	$1,264,125	$-31,280
2023	$258,502	$128,575	$1,295,405	$129,927
2022	$166,982	$91,769	$1,165,478	$75,213
2021	$131,450	$166,194	$1,090,265	$-34,744
2020	$151,675	$140,340	$1,125,009	$11,335
2019	$306,169	$120,862	$1,113,674	$185,307
2018	$258,918	$88,626	$929,656	$170,292

HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL 33 LABOR MANAGEMENT