INTERNATIONAL ASSOCIATION OF HEAT … - Form 990 Financial Data

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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

1937

Legal Domicile

Principal Officer

TERRY C ELLIS

Phone

8653335947

Tax Period

2024-06-01 to 2025-05-31

INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS AND ALLIED WORKERS, founded in 1937, is a small nonprofit that reported $910K in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO DEVELOP OPPORTUNITES FOR EMPLOYMENT IN THE TRADE AND TO PROMOTE AND PROVIDE BETTER WORKING CONDITIONS FOR ITS MEMBERS

Program Service Accomplishments

Program 1

Expenses: $526,957 Revenue: $645,289

TO ENABLE MEMBERS TO OBTAIN BETTER WORKING CONDITIONS AND NEGOTIATE FOR HIGHER WAGES AND BENEFITS WITH EMPLOYERS.

Program 2

Expenses: $36,000 Revenue: $19,383

MORTUARY FUND - USED TO PROVIDE IMMEDIATE DEATH BENEFITS TO THE SPOUSE OR

Program 3

Expenses: $377,971 Revenue: $166,396

MEDICAL RETIREMENT FUND - TO ALLOW FOR PARTIAL PAYMENT FOR HEALTH INSURANCE

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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 $0

Program Service Revenue $831,068

Investment Income $78,928

Other Revenue $0

TOTAL REVENUE $909,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $340,370

Fundraising Expenses $0

Program Expenses $940,928

Other Expenses $400,053

TOTAL EXPENSES $1,166,218

Year-over-Year Comparison

	2024	2023	Change
Revenue	$909,996	$938,149	0.0%
Expenses	$1,166,218	$1,083,464	+0.1%
Net Income	$-256,222	$-145,315	+0.8%

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

206

Independent Members

206

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

$240,170

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES H WOODY	BUSINESS AGE	40.00	Officer	$119,269	$0	$119,269
TERRY C ELLIS	PRESIDENT	20.00	Officer	$88,175	$0	$88,175
EMILY VANWINKLE	FINANCIAL SE	20.00	Officer	$26,726	$0	$26,726
PAUL CAMPBELL	RECORDING SE	1.00	Officer	$6,000	$0	$6,000
CHRISTOPHER A BRANHAM	INTERIM FINA	1.00	Officer	$0	$0	$0
DONNIE VAN WINKLE	APPRENTICESH	N/A	Officer	$0	$0	$0
DAVID WOODY	VICE PRESIDE	N/A	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
2025	$909,996	$1,166,218	$1,995,436	$-256,222
2024	$938,149	$1,083,464	$2,290,607	$-145,315
2023	$1,112,663	$1,066,057	$2,371,769	$46,606
2022	$1,643,542	$1,210,991	$2,337,999	$432,551
2021	$1,089,006	$1,098,220	$2,274,426	$-9,214
2020	$1,006,355	$943,820	$2,002,108	$62,535
2019	$1,122,410	$1,049,724	$1,861,110	$72,686

INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS AND ALLIED WORKERS