INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS & ALLIED WORKERS L28 (EIN 840339764) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1917

Legal Domicile

Principal Officer

RICK JOHNSON

Phone

3037429010

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS & ALLIED WORKERS L28, founded in 1917, is a small nonprofit that reported $147K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $249K exceeded revenue, resulting in a 70% operating deficit.

Mission

INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL 28 IS THE BARGAINING REPRESENTATIVE OF THE INSULATION EMPLOYEES COVERING COLLECTIVE BARGAINING AGREEMENTS THAT ESTABLISH RATES OF PAY, FRINGE BENEFIT RULES AND WORKING CONDITIONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $146,501

Investment Income $0

Other Revenue $0

TOTAL REVENUE $146,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,505

Fundraising Expenses $0

Other Expenses $116,618

TOTAL EXPENSES $249,123

Year-over-Year Comparison

	2023	2022	Change
Revenue	$146,501	$791,488	-0.8%
Expenses	$249,123	$192,738	+0.3%
Net Income	$-102,622	$598,750	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
RICK JOHNSON	SPECIAL TRUSTEE	10.00	Officer	$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	$146,501	$249,123	$609,516	$-102,622
2022	$791,488	$192,738	$721,291	$598,750
2019	$231,309	$285,657	$119,528	$-54,348
2018	$295,782	$322,486	$168,199	$-26,704

INTERNATIONAL ASSOCIATION OF HEAT & FROST INSULATORS & ALLIED WORKERS L28