HEAT & FROST INSULATORS APPRENTICES AND JOURNEYMAN TRAINING FUND (EIN 911049144) - 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

1978

Legal Domicile

Principal Officer

SONNY SANDRETTO

Phone

5093285439

Tax Period

2024-01-01 to 2024-12-31

HEAT & FROST INSULATORS APPRENTICES AND JOURNEYMAN TRAINING FUND, founded in 1978, is a small nonprofit that reported $396K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $347K left a modest 12% surplus.

Mission

TRAINING AND RETRAINING OF APPRENTICES AND JOURNEYMEN IN THE INSULATION INDUSTRY

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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 $320,714

Investment Income $75,442

Other Revenue $206

TOTAL REVENUE $396,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,174

Fundraising Expenses $0

Other Expenses $85,744

TOTAL EXPENSES $346,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$396,362	$289,411	+0.4%
Expenses	$346,918	$335,156	+0.0%
Net Income	$49,444	$-45,745	-2.1%

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

Total Directors

$378,180

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RORY HOMES	ALTERNATE TR	5.00	Director	$6,892	$0	$115,489
BRIAN HOMES	TRUSTEE	1.00	Director	$0	$0	$90,501
SONNY SANDRETTO	TRUSTEE	1.00	Director	$0	$0	$90,501
ANDREW RICHMAN	COORDINATOR	40.00	Director	$81,689	$0	$81,689
STEPHEN BOWDISH	ALTERNATE TR	0.50	Director	$0	$0	$0
RYAN CLARK	TRUSTEE	1.00	Director	$0	$0	$0
JEFF DEASY	TRUSTEE	1.00	Director	$0	$0	$0
ARMANDO ENRIQUEZ	TRUSTEE	1.00	Director	$0	$0	$0
TRENT LEACH	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN SAILAND	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	$396,362	$346,918	$994,045	$49,444
2023	$289,411	$335,156	$958,920	$-45,745
2022	$141,836	$272,914	$948,005	$-131,078
2021	$438,503	$386,611	$1,239,479	$51,892
2020	$326,959	$328,559	$1,242,560	$-1,600

HEAT & FROST INSULATORS APPRENTICES AND JOURNEYMAN TRAINING FUND