AMERICAN SOCIETY OF HEATING REFRIGERATING AND A-C ENGINEERS FDN

EIN: 586274320 501(c)(3)

PEACHTREE CORNERS, GA

Total Revenue
$2,150,322
Total Expenses
$590,568
Total Assets
$19,985,311
Net Assets
$19,808,763
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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
1994
Legal Domicile
GA
Principal Officer
JEFF LITTLETON
Phone
4046368400
Tax Period
2022-07-01 to 2023-06-30

AMERICAN SOCIETY OF HEATING REFRIGERATING AND A-C ENGINEERS FDN, founded in 1994, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2022. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 73% operating margin.

Mission

FOR THE SUPPORT AND BENEFIT OF AND TO FURTHER THE CHARITABLE PURPOSES OF THE AMERICAN SOCIETY OF HEATING, REFRIGERATING AND AIR-CONDITIONING ENGINEERS, INC. (ASHRAE, INC.)

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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 (2022)

Revenue Breakdown

Contributions & Grants $721,653
Program Service Revenue $0
Investment Income $1,428,669
Other Revenue $0
TOTAL REVENUE $2,150,322

Expense Breakdown

Grants Paid $542,344
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $542,344
Other Expenses $48,224
TOTAL EXPENSES $590,568

Year-over-Year Comparison

2022 2021 Change
Revenue $2,150,322 $1,588,636 +0.4%
Expenses $590,568 $545,587 +0.1%
Net Income $1,559,754 $1,043,049 +0.5%
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

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

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Governance

Voting Members
24
Independent Members
24
Employees
N/A
Volunteers
24

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
5
$450,029
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS E WATSON PE CHAIR 5.00
Officer Director
$0 $0 $0
DR DONALD G COLLIVER PE 1ST VICE CHAIR 5.00
Officer Director
$0 $0 $0
T RANDALL JONES 2ND VICE CHAIR 5.00
Officer Director
$0 $0 $0
WILLIAM A HARRISON TREASURER 5.00
Officer Director
$0 $0 $0
ALLEN C KIRKWOOD TRUSTEE 1.00
Director
$0 $0 $0
LARRY KOUMA TRUSTEE 1.00
Director
$0 $0 $0
MICK SCHWEDLER TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL P COOPER PE TRUSTEE 1.00
Director
$0 $0 $0
JAMES R FIELDS TRUSTEE 1.00
Director
$0 $0 $0
LARRY J FISHER TRUSTEE 1.00
Director
$0 $0 $0
MARK W FLY PE TRUSTEE 1.00
Director
$0 $0 $0
JOHN L HARROD TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL N HART TRUSTEE 1.00
Director
$0 $0 $0
CHARLES E HENCK TRUSTEE 1.00
Director
$0 $0 $0
DR JULIA A KEEN PE TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM K KLOCK TRUSTEE 1.00
Director
$0 $0 $0
BEN A LEPPARD JR PE TRUSTEE 1.00
Director
$0 $0 $0
JOHN H NIX II TRUSTEE 1.00
Director
$0 $0 $0
DANIEL C PETTWAY TRUSTEE 1.00
Director
$0 $0 $0
THOMAS H PHOENIX PE TRUSTEE 1.00
Director
$0 $0 $0
BOGGARM S SETTY PE TRUSTEE 1.00
Director
$0 $0 $0
T DAVID UNDERWOOD PE TRUSTEE 1.00
Director
$0 $0 $0
DENNIS J WESSEL PE TRUSTEE 1.00
Director
$0 $0 $0
JAMES E WOLF TRUSTEE 1.00
Director
$0 $0 $0
JEFF H LITTLETON SECRETARY 1.00
Officer
$0 $50,733 $450,029
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $2,150,322 $590,568 $19,985,311 $1,559,754
2022 $1,588,636 $545,587 $18,297,632 $1,043,049
2021 $2,879,965 $602,853 $19,576,947 $2,277,112
2020 $1,443,522 $551,974 $15,560,315 $891,548
2019 $1,092,678 $822,884 $15,832,906 $269,794
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