International Association of Heat & Frost Insulators & Allied Workers #48 (EIN 580678860) - 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

1946

Legal Domicile

Principal Officer

Kenneth Slaven

Phone

4043730737

Tax Period

2024-01-01 to 2024-12-31

International Association of Heat & Frost Insulators & Allied Workers #48, founded in 1946, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $571K, a strong 31% operating margin.

Mission

Assisting membership in obtaining jobs with good wages and benefits.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,704,773

Program Service Revenue $0

Investment Income $136,963

Other Revenue $21,627

TOTAL REVENUE $1,863,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $351,632

Fundraising Expenses $0

Other Expenses $940,881

TOTAL EXPENSES $1,292,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,863,363	$1,301,772	+0.4%
Expenses	$1,292,513	$1,092,021	+0.2%
Net Income	$570,850	$209,751	+1.7%

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

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

$99,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenneth Slaven	Bus. Mgr./Rec. Sec.	040.00	Officer	$99,025	$0	$99,025
Horace Watkins	Executive Board	001.00	Officer	$0	$0	$0
Anthony Nantz	Executive Board	001.00	Officer	$0	$0	$0
Edwin Reeves Sr	Executive Board	001.00	Officer	$0	$0	$0
Tyler Downs	Executive Board	001.00	Officer	$0	$0	$0
Joe Moore	Executive Board	001.00	Officer	$0	$0	$0
Dennis Eason	Executive Board	001.00	Officer	$0	$0	$0
Wyatt Hicks	Executive Board	001.00	Officer	$0	$0	$0
Patrick LIttleton	Executive Board	001.00	Officer	$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	$1,863,363	$1,292,513	$3,746,839	$570,850
2023	$1,301,772	$1,092,021	$3,164,651	$209,751
2022	$1,008,817	$936,657	$2,951,035	$72,160
2021	$1,097,163	$946,067	$2,877,109	$151,096
2020	$979,854	$968,039	$2,721,373	$11,815
2019	$1,357,926	$965,467	$2,704,830	$392,459
2018	$1,205,314	$1,049,626	$2,311,867	$155,688

International Association of Heat & Frost Insulators & Allied Workers #48