INT'L ASSOC OF HEAT & FROST INSUL & ASBESTOS WRKRS LU60

EIN: 590731419

Opa Locka, FL

Total Revenue
$364,027
Total Expenses
$317,177
Total Assets
$334,375
Net Assets
$334,375
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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
1960
Legal Domicile
FL
Principal Officer
Jason Freeman
Phone
3056810679
Tax Period
2023-01-01 to 2023-12-31

INT'L ASSOC OF HEAT & FROST INSUL & ASBESTOS WRKRS LU60, founded in 1960, is a small nonprofit that reported $364K in total revenue in fiscal year 2023. Expenses of $317K left a modest 13% surplus.

Mission

Promote the welfare of members through collective bargaining agreements.

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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 (2023)

Revenue Breakdown

Contributions & Grants $363,987
Program Service Revenue $0
Investment Income $40
Other Revenue $0
TOTAL REVENUE $364,027

Expense Breakdown

Grants Paid $0
Salaries & Benefits $131,575
Fundraising Expenses $0
Program Expenses $317,177
Other Expenses $185,602
TOTAL EXPENSES $317,177

Year-over-Year Comparison

2023 2022 Change
Revenue $364,027 $347,234 +0.0%
Expenses $317,177 $292,592 +0.1%
Net Income $46,850 $54,642 -0.1%
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
2
Independent Members
2
Employees
1
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
$76,812
Total Directors
0
$0
Key Employees
1
$76,812
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jason Freeman Business Agent 040.00
Officer Key Emp
$76,812 $0 $76,812
Timothy Keane Business Manager / President 002.00
Officer
$0 $0 $0
Donald Stanley Treasurer / Vice President 002.00
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 No data No data No data No data
2023 $364,027 $317,177 $334,375 $46,850
2022 $347,234 $292,592 $287,525 $54,642
2021 $307,067 $274,244 $235,207 $32,823
2020 $379,004 $305,917 $207,688 $73,087
2019 $468,488 $481,469 $139,391 $-12,981
2018 $472,900 $500,395 $156,697 $-27,495
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