International Association of Heat & Frost Insulators Local 64 (EIN 730679063) - 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

1920

Legal Domicile

Phone

9188341526

Tax Period

2023-01-01 to 2023-12-31

International Association of Heat & Frost Insulators Local 64, founded in 1920, is a small nonprofit that reported $236K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

Local Labor Union

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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 $234,180

Program Service Revenue $0

Investment Income $7

Other Revenue $1,910

TOTAL REVENUE $236,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,782

Fundraising Expenses $0

Other Expenses $53,741

TOTAL EXPENSES $256,595

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,097	$195,850	+0.2%
Expenses	$256,595	$221,932	+0.2%
Net Income	$-20,498	$-26,082	-0.2%

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

$5,925

Total Directors

$8,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Henderson	Business Mgr.	12.00	Officer Director	$5,925	$0	$5,925
Thomas Payne	President	12.00	Director	$3,000	$0	$3,000
Brian Delancey Sr	Exec Bd/Trustee	3.00	Director	$0	$0	$0
Jody Donaldson	Trustee	2.00	Director	$0	$0	$0
Teresa Payne	Exec Bd/Trustee	2.00	Director	$0	$0	$0
Stephen Skarke	Exec Bd/Trustee	2.00	Director	$0	$0	$0
John Blaine Jr	Vice President	2.00	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
2024	No data	No data	No data	No data
2023	$236,097	$256,595	$101,538	$-20,498
2022	$195,850	$221,932	$122,036	$-26,082
2021	$232,644	$272,888	$148,118	$-40,244
2020	$760,488	$723,122	$188,362	$37,366
2019	$949,670	$904,181	$150,996	$45,489
2018	$673,682	$634,996	$105,507	$38,686

International Association of Heat & Frost Insulators Local 64