INTERNATIONAL ASSOCIATION OF HEAT (EIN 586073243) - 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

1941

Legal Domicile

Principal Officer

WALTER J BUTLER JR

Phone

9127486282

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL ASSOCIATION OF HEAT, founded in 1941, is a small nonprofit that reported $612K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $187K, a strong 31% operating margin.

Mission

TO PROVIDE JOBS FOR UNION MEMBERS

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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 $427,920

Program Service Revenue $0

Investment Income $148,427

Other Revenue $35,300

TOTAL REVENUE $611,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,252

Fundraising Expenses $0

Program Expenses $424,967

Other Expenses $229,715

TOTAL EXPENSES $424,967

Year-over-Year Comparison

	2024	2023	Change
Revenue	$611,647	$1,077,730	-0.4%
Expenses	$424,967	$531,357	-0.2%
Net Income	$186,680	$546,373	-0.7%

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

221

Independent Members

N/A

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

$114,819

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL M HUNNICUTT	BUS AGENT	40	Officer	$10,054	$0	$10,054
JOHN PUCKETT	VICE PRESIDENT	1	Officer Director	$0	$0	$0
COREY LEWIS	EXEC BOARD MEMBER	1	Officer	$0	$0	$0
WALTER BUTLER JR	BUSINESS AGENT	40	Officer Highest	$104,765	$0	$104,765
WILLIAM CAMPBELL JR	PRESIDENT	1	Officer	$0	$0	$0
JENNIFER JENKINS	RECORDING SECTY	1	Officer	$0	$0	$0
JOHN BISTRICKY	EXECUTIVE BOARD MEMBER	1	Officer	$0	$0	$0
YVONNE JONES	EXECUTIVE BOARD MEMBER	1	Officer Director	$0	$0	$0
JESSE CAMPBELL	EXECUTIVE BOARD MEMBER	1	Officer Director	$0	$0	$0
JAMES PARTAIN	EXECUTIVE BOARD MEMBER	1	Officer	$0	$0	$0
KIRSTEN BLAIR	SECRETARY	3		$168	$0	$168

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	$611,647	$424,967	$3,760,403	$186,680
2023	$1,077,730	$531,357	$3,573,899	$546,373
2022	$1,361,339	$657,316	$3,034,540	$704,023
2021	$1,615,524	$682,684	$2,333,836	$932,840
2020	$1,203,376	$528,891	$1,400,111	$674,485
2019	$552,921	$390,697	$723,980	$162,224
2018	$357,804	$354,740	$561,741	$3,064

INTERNATIONAL ASSOCIATION OF HEAT