HEAT & FROST INSULATORS AND ALLIED TRADES APPRENTICESHIP TRAINING FUND (EIN 910927724) - 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

1974

Legal Domicile

Principal Officer

TODD MITCHELL

Phone

4252357827

Tax Period

2024-01-01 to 2024-12-31

HEAT & FROST INSULATORS AND ALLIED TRADES APPRENTICESHIP TRAINING FUND, founded in 1974, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $890K left a modest 14% surplus.

Mission

TRAINING

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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 $1,037,133

Investment Income $198

Other Revenue $0

TOTAL REVENUE $1,037,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $707,362

Fundraising Expenses $0

Other Expenses $183,074

TOTAL EXPENSES $890,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,037,331	$1,139,727	-0.1%
Expenses	$890,436	$948,159	-0.1%
Net Income	$146,895	$191,568	-0.2%

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

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

$248,393

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KINSMAN	COORDINATOR	040.00	Key Emp	$165,739	$82,654	$248,393
GREGORY SHURTS	COORDINATOR	040.00	Highest	$149,773	$74,692	$224,465
TODD MITCHELL	CHAIR	001.00	Officer Director	$0	$0	$0
TOM DAVES	RECORDING SECRETARY	001.00	Officer Director	$0	$0	$0
GREG BOWERS	TRUSTEE	001.00	Director	$0	$0	$0
MONTY ANDERSON	TRUSTEE	001.00	Director	$0	$0	$0
KEN CHRISTOFERSON	TRUSTEE	001.00	Director	$0	$0	$0
ANTHONY SEE	TRUSTEE	001.00	Director	$0	$0	$0
GARY BOWERS	TRUSTEE	001.00	Director	$0	$0	$0
CALVIN QU	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	$1,037,331	$890,436	$621,675	$146,895
2023	$1,139,727	$948,159	$477,981	$191,568
2022	$701,383	$763,159	$271,673	$-61,776
2021	$549,590	$654,461	$339,991	$-104,871
2020	$574,384	$644,493	$441,040	$-70,109

HEAT & FROST INSULATORS AND ALLIED TRADES APPRENTICESHIP TRAINING FUND