INTERNATIONAL ASSOC OF HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL 7 (EIN 910405896) - 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

TODD MITCHELL

Phone

2068120777

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOC OF HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL 7, founded in 1912, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $352K, a strong 16% operating margin.

Mission

LABOR UNION

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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 $0

Program Service Revenue $2,184,650

Investment Income $81,510

Other Revenue $0

TOTAL REVENUE $2,266,160

Expense Breakdown

Grants Paid $11,200

Salaries & Benefits $797,347

Fundraising Expenses $0

Other Expenses $1,105,189

TOTAL EXPENSES $1,913,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,266,160	$2,525,463	-0.1%
Expenses	$1,913,736	$1,693,319	+0.1%
Net Income	$352,424	$832,144	-0.6%

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

$469,517

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT MITCHELL	BUSINESS MANAGER	040.00	Officer	$162,212	$77,651	$239,863
GREG BOWERS	BUSINESS REP	040.00	Officer	$155,308	$74,346	$229,654
MONTY ANDERSON	PRESIDENT	001.00	Officer Director	$0	$0	$0
CASEY ENFIELD	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
GREG SHURTS	SGT AT ARMS	001.00	Director	$0	$0	$0
OLIVIA BRYANT	EXECUTIVE BOARD	001.00	Director	$0	$0	$0
IRMA ZAMORA	EXECUTIVE BOARD/TRUSTEE	001.00	Director	$0	$0	$0
GARY BOWERS	EXECUTIVE BOARD/TRUSTEE	001.00	Director	$0	$0	$0
DANIEL NETTEKOVEN	EXECUTIVE BOARD/TRUSTEE	001.00	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	No data	No data	No data	No data
2023	$2,266,160	$1,913,736	$6,293,796	$352,424
2022	$2,525,463	$1,693,319	$5,706,243	$832,144
2021	$2,260,416	$1,598,393	$5,022,485	$662,023
2020	$2,069,507	$1,785,434	$4,360,126	$284,073

INTERNATIONAL ASSOC OF HEAT & FROST INSULATORS & ALLIED WORKERS LOCAL 7