AIR CONDITIONING REFRGTNG HTG & PIPING IND HEALTH & WELFARE FUND (EIN 596150964) - 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

1958

Legal Domicile

Principal Officer

EDUARDO LLOSENT

Phone

7547777735

Tax Period

2023-01-01 to 2023-12-31

AIR CONDITIONING REFRGTNG HTG & PIPING IND HEALTH & WELFARE FUND, founded in 1958, is a mid-sized nonprofit that reported $16.6M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $18.8M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE HEALTHCARE, PRESCRIPTION, DENTAL, LIFE, AND DISABILITY BENEFITS TO PARTICIPANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,417,804

Investment Income $1,196,890

Other Revenue $0

TOTAL REVENUE $16,614,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,341,667

TOTAL EXPENSES $18,821,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,614,694	$14,027,621	+0.2%
Expenses	$18,821,432	$15,453,414	+0.2%
Net Income	$-2,206,738	$-1,425,793	+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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$3,148

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDUARDO LLOSENT	CO-CHAIR	1.00	Officer Director	$0	$0	$0
KENNETH E SCOTT JR	CO-CHAIR	1.00	Officer Director	$0	$0	$0
CARLOS BORJA	TRUSTEE	1.00	Director	$0	$0	$0
RALPH CASTRO	TRUSTEE	1.00	Director	$1,372	$0	$1,372
JULIE DIETRICH	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS FIGUERAS	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS FLAVELL	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT HESLEKRANTS	TRUSTEE	1.00	Director	$1,776	$0	$1,776
ROB PULSIFER	TRUSTEE - THRU NOV 2023	1.00	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	No data	No data	No data	No data
2023	$16,614,694	$18,821,432	$24,529,894	$-2,206,738
2022	$14,027,621	$15,453,414	$22,233,694	$-1,425,793
2021	$13,415,604	$14,261,739	$23,876,153	$-846,135
2020	$12,630,898	$11,522,372	$23,711,317	$1,108,526
2019	$12,425,058	$10,954,129	$20,728,764	$1,470,929
2018	$12,337,771	$9,946,995	$19,320,222	$2,390,776

AIR CONDITIONING REFRGTNG HTG & PIPING IND HEALTH & WELFARE FUND