INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS LOCAL 55 (EIN 630275401) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1933

Legal Domicile

Principal Officer

DURWARD FLEMING

Phone

2516619703

Tax Period

2024-12-01 to 2025-11-30

INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS LOCAL 55, founded in 1933, is a small nonprofit that reported $487K in total revenue in fiscal year 2017. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 16% operating margin.

Mission

UNION COVERING HEAT AND FROST INSULATION WORKERS IN SOUTH ALABAMA, SOUTH MISSISSIPPI, AND NORTHWEST FLORIDA

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $403,616

Program Service Revenue $0

Investment Income $6,208

Other Revenue $9,400

TOTAL REVENUE $419,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,082

Fundraising Expenses $0

Other Expenses $104,091

TOTAL EXPENSES $388,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$419,224	$348,575	+0.2%
Expenses	$388,972	$402,957	0.0%
Net Income	$30,252	$-54,382	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE FERGUSON	TRUSTEE	N/A	Director	$0	$0	$0
DURWARD FLEMING	BUSINESS MAN	N/A	Officer Director	$0	$0	$0
STEVE LYLES	TRUSTEE	N/A	Director	$0	$0	$0
SARAH MANNING	EXECUTIVE BO	N/A	Director	$0	$0	$0
TAMMY MATTESON	PRESIDENT	N/A	Officer Director	$0	$0	$0
JUAN NIEVES	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
TONY OLLHOFT	EXECUTIVE BO	N/A	Director	$0	$0	$0
JUSTIN PARKER	VICE PRESIDE	N/A	Officer 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
2025	$419,224	$388,972	$209,507	$30,252
2024	No data	No data	No data	No data
2023	$491,434	$390,657	$229,959	$100,777
2022	$298,036	$325,844	$129,182	$-27,808
2021	$368,142	$413,182	$156,990	$-45,040
2020	$311,471	$427,762	$202,030	$-116,291
2019	$473,113	$453,483	$318,321	$19,630
2018	$487,444	$411,242	$298,691	$76,202

INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS LOCAL 55