INTERNATIONAL ASSOCIATION OF HEAT & FROST ASBESTOS (EIN 730374130) - 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

1930

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF HEAT & FROST ASBESTOS, founded in 1930, is a small nonprofit that reported $758K in total revenue in fiscal year 2023. Expenses of $671K left a modest 11% surplus.

Mission

THE LOCAL UNIONS PURPOSE IS TO REPRESENT UNION MEMBERS IN THEIR DEALINGS WITH EMPLOYERS AND TRAIN JOURNEYMEN AND APPRENTICES FOR JOBS IN THE INSULATION, HEAT AND AIR INDUSTRY.

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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 $684,926

Investment Income $35,771

Other Revenue $36,940

TOTAL REVENUE $757,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,139

Fundraising Expenses $0

Program Expenses $670,639

Other Expenses $267,299

TOTAL EXPENSES $670,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$757,637	$704,116	+0.1%
Expenses	$670,639	$700,662	0.0%
Net Income	$86,998	$3,454	+24.2%

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

$84,382

Total Directors

$11,970

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER BROWN	BUSINESS MANAGER	40.00	Officer	$66,409	$0	$77,601
RICKEY COMPALLA	BOARD MEMBER	1.00	Director	$11,178	$0	$11,178
JERRY LOHDEN	PRESIDENT	1.00	Officer	$4,189	$0	$4,189
HERMAN GOFF III	VICE PRESIDENT	1.00	Officer	$2,592	$0	$2,592
CHRIS NICKELL	BOARD MEMBER	1.00	Director	$792	$0	$792
JEFF HECKMAN	BOARD MEMBER	1.00		$0	$0	$0
JOSH MCGARRY	BOARD MEMBER	1.00		$0	$0	$0
BRAD HURST	BOARD MEMBER	1.00		$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	$757,637	$670,639	$1,782,231	$86,998
2022	$704,116	$700,662	$1,564,171	$3,454
2021	$724,027	$617,120	$1,809,240	$106,907
2020	$711,517	$569,248	$1,665,932	$142,269
2019	$813,038	$706,000	$1,445,351	$107,038
2018	$729,545	$683,664	$1,198,408	$45,881

INTERNATIONAL ASSOCIATION OF HEAT & FROST ASBESTOS