INTERNATIONAL ASSOCIATION OF HEAT AND ASBESTOS WORKERS (EIN 870222439) - 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

1941

Legal Domicile

Principal Officer

ROBERT CONHRAN

Phone

8019723945

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF HEAT AND ASBESTOS WORKERS, founded in 1941, is a small nonprofit that reported $524K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $605K exceeded revenue, resulting in a 15% operating deficit.

Mission

LABOR UNION SERVICES TO PROMOTE WORK OPPORTUNITIES FOR ITS MEMBERSHIP AND TO PROTECT ITS WORKERS' RIGHTS AND SAFETY PER CONTRACTUAL AGREEMENTS WITH EMPLOYERS.

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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 $523,820

Program Service Revenue $0

Investment Income $405

Other Revenue $0

TOTAL REVENUE $524,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $326,724

Fundraising Expenses $0

Other Expenses $207,788

TOTAL EXPENSES $604,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$524,225	$482,162	+0.1%
Expenses	$604,501	$516,780	+0.2%
Net Income	$-80,276	$-34,618	+1.3%

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

$185,708

Total Directors

$185,708

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN OVERBY	BUSINESS MAN	40.00	Officer Director	$85,266	$0	$85,266
SABINO ARCIGA	VICE-PRESIDE	0.50	Officer Director	$68,316	$0	$68,316
ROBERT CONHRAN	PRESIDENT	14.00	Officer Director	$32,126	$0	$32,126
JUAN GARCIA	EXECUTIVE BO	0.50	Director	$0	$0	$0
TY JORGENSON	EXECUTIVE BO	0.50	Director	$0	$0	$0
JOEL OROZCO	EXECUTIVE BO	0.50	Director	$0	$0	$0
SCOTT OVERBY	EXECUTIVE BO	0.50	Director	$0	$0	$0
DENNIS THOMAS	EXECUTIVE BO	0.50	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$524,225	$604,501	$689,357	$-80,276
2022	$482,162	$516,780	$769,633	$-34,618
2021	$489,592	$497,010	$804,251	$-7,418
2020	$587,200	$448,762	$814,708	$138,438
2019	$514,649	$402,785	$674,825	$111,864
2018	$481,035	$400,364	$566,244	$80,671

INTERNATIONAL ASSOCIATION OF HEAT AND ASBESTOS WORKERS