HEAT & FROST INSULATORS AND ALLIED WORKERS LOCAL 82 (EIN 910617900) - 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

1927

Legal Domicile

Principal Officer

STEPHEN BOWDISH

Phone

5093285439

Tax Period

2024-01-01 to 2024-12-31

HEAT & FROST INSULATORS AND ALLIED WORKERS LOCAL 82, founded in 1927, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $290K, a strong 25% operating margin.

Mission

TO REPRESENT MEMBERS IN THE INSULATION AND ASBESTOS TRADES BY PROVIDING OPPORTUNITIES FOR EMPLOYMENT AND SECURING BETTER WAGES, HOURS, BENEFITS AND WORKING CONDITIONS.

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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 $935,499

Investment Income $56,434

Other Revenue $145,576

TOTAL REVENUE $1,137,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $536,810

Fundraising Expenses $0

Other Expenses $300,701

TOTAL EXPENSES $847,511

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,137,509	$766,211	+0.5%
Expenses	$847,511	$805,133	+0.1%
Net Income	$289,998	$-38,922	-8.5%

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

$81,689

Total Directors

$380,130

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RORY HOMES	BUSINESS MAN	40.00	Director	$108,597	$0	$115,489
BRIAN HOMES	TRUSTEE	40.00	Director	$90,501	$0	$90,501
SONNY SANDRETTO	TRUSTEE	40.00	Director	$90,501	$0	$90,501
ANDREW RICHMAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$81,689
DON HENKINS	E BOARD MEMB	1.00	Director	$1,200	$0	$1,200
TSIBXWM MOUA	TRUSTEE	1.00	Director	$600	$0	$600
MICHAEL GARRAHAN	TRUSTEE	1.00	Director	$150	$0	$150
STEPHEN BOWDISH	PRESIDENT	1.00	Officer 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	$1,137,509	$847,511	$1,662,041	$289,998
2023	$766,211	$805,133	$1,399,695	$-38,922
2022	$431,307	$943,655	$1,408,239	$-512,348
2021	$971,142	$875,898	$2,054,607	$95,244
2020	$928,888	$907,005	$2,029,467	$21,883

HEAT & FROST INSULATORS AND ALLIED WORKERS LOCAL 82