INTERNATIONAL ASSOCIATION OF HEAT & FROST WORKERS LOCAL 21 (EIN 750355302) - 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

1912

Legal Domicile

Principal Officer

MONROE NORRID

Phone

9722435661

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL ASSOCIATION OF HEAT & FROST WORKERS LOCAL 21, founded in 1912, is a small nonprofit that reported $488K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

ORGANIZE INSULATORS, ORGANIZE INSULATION CONTRACTORS & ASSIST MEMBERSHIP.

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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 (2024)

Revenue Breakdown

Contributions & Grants $484,611

Program Service Revenue $0

Investment Income $0

Other Revenue $3,600

TOTAL REVENUE $488,211

Expense Breakdown

Grants Paid $50

Salaries & Benefits $252,873

Fundraising Expenses $0

Other Expenses $221,546

TOTAL EXPENSES $475,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$488,211	$423,512	+0.2%
Expenses	$475,049	$486,620	0.0%
Net Income	$13,162	$-63,108	-1.2%

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

$117,735

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONROE NORRID	BUSINESS MAN	40.00	Officer	$116,482	$0	$116,482
THOMAS KLEINMANN	VICE-PRESIDE	2.00	Officer	$0	$0	$0
ALFRED MCCRURY	PRESIDENT	2.00	Officer	$1,253	$0	$1,253
VICTOR ARADILLAS	TRUSTEE	2.00	Director	$0	$0	$0
GERARDO LEDEZMA	TRUSTEE	2.00	Director	$0	$0	$0
JEFF HENRY	TRUSTEE	2.00	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	$488,211	$475,049	$125,717	$13,162
2023	$423,512	$486,620	$110,843	$-63,108
2022	$462,138	$495,292	$175,380	$-33,154
2021	$460,162	$386,929	$207,995	$73,233
2020	$276,735	$355,618	$134,206	$-78,883

INTERNATIONAL ASSOCIATION OF HEAT & FROST WORKERS LOCAL 21