HEAT & FROST INSULATORS AND ALLIED WORKERS LOCAL 82

EIN: 910617900

SPOKANE, WA

Total Revenue
$1,137,509
Total Expenses
$847,511
Total Assets
$1,662,041
Net Assets
$1,658,291
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1927
Legal Domicile
WA
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.

Program Service Accomplishments

Program 1

TO ORGANIZE AND REPRESENT MEMBERS IN THE INSULATION AND ASBESTOS TRADES TO DEVELOP OPPORTUNITIES FOR EMPLOYMENT, AND TO SECURE BETTER WAGES, 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%)

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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

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Governance

Voting Members
8
Independent Members
8
Employees
9
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
2
$81,689
Total Directors
8
$380,130
Key Employees
0
$0
Highest Compensated
0
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
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