INTL ASSOC OF HEAT & FROST INSULATORS & ALLIED WORKERS (EIN 620628578) - 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

1929

Legal Domicile

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.

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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 $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

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

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

$61,994

Total Directors

Key Employees

Highest Compensated

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

INTL ASSOC OF HEAT & FROST INSULATORS & ALLIED WORKERS