INT'L ASSOCIATION OF HEAT & FROST INS & ASBESTOS WORKERS LOCAL NO 76 (EIN 850091963) - 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

1947

Legal Domicile

Principal Officer

MATTHEW GONZALES

Phone

5052660212

Tax Period

2024-07-01 to 2025-06-30

INT'L ASSOCIATION OF HEAT & FROST INS & ASBESTOS WORKERS LOCAL NO 76, founded in 1947, is a small nonprofit that reported $811K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $223K, a strong 27% operating margin.

Mission

TO IMPROVE AND SECURE JOB CONDITIONS FOR MEMBERS

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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 $0

Program Service Revenue $776,632

Investment Income $13,600

Other Revenue $21,189

TOTAL REVENUE $811,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,181

Fundraising Expenses $0

Other Expenses $404,708

TOTAL EXPENSES $588,610

Year-over-Year Comparison

	2024	2023	Change
Revenue	$811,421	$913,570	-0.1%
Expenses	$588,610	$547,428	+0.1%
Net Income	$222,811	$366,142	-0.4%

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

130

Independent Members

130

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

$83,276

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMIE OVERSON	PRESIDENT	4.00	Officer	$0	$0	$0
MATTHEW GONZALES	TREASURER	40.00	Officer	$83,276	$0	$83,276

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
2025	$811,421	$588,610	$1,344,378	$222,811
2024	$913,570	$547,428	$1,127,093	$366,142
2023	$1,075,581	$802,139	$858,812	$273,442
2022	$1,104,448	$971,252	$752,846	$133,196
2021	$1,092,738	$973,375	$726,055	$119,363
2020	$1,059,306	$1,019,201	$661,747	$40,105
2019	$872,658	$936,893	$628,146	$-64,235

INT'L ASSOCIATION OF HEAT & FROST INS & ASBESTOS WORKERS LOCAL NO 76