INTERNATIONAL ASSOCIATION OF HEAT & 53 A (EIN 720782786) - 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

1976

Legal Domicile

Principal Officer

KRISTOPHER COMEAUX

Phone

5044689654

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF HEAT & 53 A, founded in 1976, is a small nonprofit in the Employment sector that reported $193K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $240K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE INSULATION TRAINING TO MEMBERS AND APPRENTICES BY TRAINED FACULTY TEACHING AN APPROVED CURRICULUM.

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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 $19,557

Program Service Revenue $168,305

Investment Income $5,243

Other Revenue $279

TOTAL REVENUE $193,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,208

Fundraising Expenses $0

Program Expenses $210,883

Other Expenses $127,823

TOTAL EXPENSES $240,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$193,384	$242,527	-0.2%
Expenses	$240,031	$218,765	+0.1%
Net Income	$-46,647	$23,762	-3.0%

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

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
SCOTT EPTON	Trustee	5.00	Director	$0	$0	$0
JOHNNY MATTO	Trustee	1.00	Director	$0	$0	$0
RYAN BORDELON	Trustee	5.00	Director	$0	$0	$0
KIRK ROUSSEL	Trustee	1.00	Director	$0	$0	$0
KRISTOPHER COMEAUX	Trustee	1.00	Director	$0	$0	$0
ROBERT SHEPARD	Trustee	1.00	Director	$0	$0	$0
FREDDIE HOGGATT	Trustee	0.00	Director	$0	$0	$0
CARL WILSON	TRAINING DIRECTOR	40.00		$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	$193,384	$240,031	$271,897	$-46,647
2022	$242,527	$218,765	$318,933	$23,762
2021	$306,736	$249,339	$276,503	$57,397
2020	$244,330	$274,364	$242,636	$-30,034
2019	$249,700	$277,045	$240,645	$-27,345
2018	$227,435	$193,687	$268,066	$33,748

INTERNATIONAL ASSOCIATION OF HEAT & 53 A