INTL ASSOC OF HEAT & FROST INSULATORS & ALLIED WORKERS

EIN: 620628578

MEMPHIS, TN

Total Revenue
$625,979
Total Expenses
$375,135
Total Assets
$871,724
Net Assets
$657,841
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
TN
Principal Officer
JOE BLAKE JOYNER
Phone
9013867045
Tax Period
2023-01-01 to 2023-12-31

INTL ASSOC OF HEAT & FROST INSULATORS & ALLIED WORKERS, founded in 1929, is a small nonprofit that reported $626K in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $251K, a strong 40% operating margin.

Mission

OUR MISSION AND GOAL IS TO FIND AND SECURE EMPLOYMENT FOR THE MEMBERS OF HEAT & FROST INSULATORS LOCAL 90.

Program Service Accomplishments

Program 1
Expenses: $292,121 Revenue: $606,448

FOUND EMPLOYMENT FOR THE MEMBERS OF HEAT & FROST INSULATORS LOCAL 90 AND SERVED AS A COLLECTIVE VOICE FOR WORKERS THROUGH NEGOTIATION AND COLLECTIVE BARGAINING WITH EMPLOYING CONTRACTOR GROUPS.

Program 2
Expenses: $12,500

EFFECTIVE FROM THE DATE A NEW MEMBER IS ACCEPTED INTO LOCAL 90, A MEMBER'S BENEFICIARY SHALL BE ELIGIBLE TO RECEIVE A DEATH BENEFIT FROM THE LOCAL'S MORTUARY FUND IN THE EVENT OF SUCH MEMBER'S DEATH...

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EFFECTIVE FROM THE DATE A NEW MEMBER IS ACCEPTED INTO LOCAL 90, A MEMBER'S BENEFICIARY SHALL BE ELIGIBLE TO RECEIVE A DEATH BENEFIT FROM THE LOCAL'S MORTUARY FUND IN THE EVENT OF SUCH MEMBER'S DEATH, SUBJECT TO THE MEMBER HAVING PAID ALL MORTUARY ASSESSMENTS.

Program 3
Expenses: $5,100

PROVIDED ASSISTANCE TO OTHER WORTHY CHARITABLE ORGANIZATIONS.

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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 $0
Program Service Revenue $609,712
Investment Income $475
Other Revenue $15,792
TOTAL REVENUE $625,979

Expense Breakdown

Grants Paid $5,100
Salaries & Benefits $127,254
Fundraising Expenses $0
Program Expenses $309,721
Other Expenses $230,281
TOTAL EXPENSES $375,135

Year-over-Year Comparison

2023 2022 Change
Revenue $625,979 $298,293 +1.1%
Expenses $375,135 $316,774 +0.2%
Net Income $250,844 $-18,481 -14.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
90
Independent Members
90
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
5
$61,994
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE BLAKE JOYNER BUSINESS MAN 40.00
Officer
$61,994 $0 $61,994
GREG PATTON PRESIDENT 2.00
Officer
$0 $0 $0
CURTIS SMITH V PRESIDENT 2.00
Officer
$0 $0 $0
JASON CARPENTER RECORDING SE 2.00
Officer
$0 $0 $0
PAUL BEARD TRUSTEE/VP ( 1.00
Officer
$0 $0 $0
A CLINT GARNER EXEC BOARD/O 1.00
Director
$0 $0 $0
WILLIAM KAHLER EXEC BOARD/T 1.00
Director
$0 $0 $0
ROD WILLIAMS EXECUTIVE BO 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 $625,979 $375,135 $871,724 $250,844
2022 $298,293 $316,774 $642,396 $-18,481
2021 $419,041 $329,428 $730,732 $89,613
2020 $282,329 $320,340 $654,657 $-38,011
2019 $290,031 $281,711 $703,300 $8,320
2018 $305,206 $268,559 $699,137 $36,647
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