INTERNATIONAL ASSOC OF HEAT AND FR… - Form 990 Financial Data

🔒

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

2003

Legal Domicile

Principal Officer

GARY PAYEUR

Phone

3142917399

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL ASSOC OF HEAT AND FROST INSLTRS & ASBESTOS JT APPRENT FD, founded in 2003, is a small nonprofit in the Education sector that reported $775K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TRAINING AND EDUCATION OF PARTICIPANTS IN THE FIELD OF INSULATING AND ASBESTOS RELATED WORK.

Program Service Accomplishments

Program 1

Expenses: $806,972 Revenue: $768,886

TRAINING AND EDUCATION OF PARTICIPANTS IN THE FIELD OF INSULATING AND ASBESTOS RELATED WORK.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $768,886

Investment Income $5,625

Other Revenue $0

TOTAL REVENUE $774,511

Expense Breakdown

Grants Paid $125,250

Salaries & Benefits $499,343

Fundraising Expenses $0

Program Expenses $806,972

Other Expenses $206,165

TOTAL EXPENSES $830,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$774,511	$712,290	+0.1%
Expenses	$830,758	$664,835	+0.2%
Net Income	$-56,247	$47,455	-2.2%

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
GARY PAYEUR	UNION TRUSTEE	1.00	Director	$0	$0	$0
JERRY MCATEE	UNION TRUSTEE	1.00	Director	$0	$0	$0
KEVIN LEAHY	UNION TRUSTEE	1.00	Director	$0	$0	$0
DAN ESKER	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
BRIAN OELTJEN	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
JOHNNY THORNBURGH	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
DAVE BUCHEIT	MANAGEMENT TRUSTEE	1.00	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	$774,511	$830,758	$597,164	$-56,247
2023	$712,290	$664,835	$667,301	$47,455
2022	$652,423	$619,955	$597,796	$32,468
2021	$497,483	$449,271	$565,971	$48,212
2020	$433,024	$388,547	$518,848	$44,477
2019	$485,343	$421,930	$465,765	$63,413

INTERNATIONAL ASSOC OF HEAT AND FROST INSLTRS & ASBESTOS JT APPRENT FD