HEAT & FROST INSULATORS APPRENTICES AND JOURNEYMAN TRAINING FUND

EIN: 911049144

SPOKANE, WA

Total Revenue
$396,362
Total Expenses
$346,918
Total Assets
$994,045
Net Assets
$971,615
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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
WA
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

TO PROVIDE TRAINING AND RETRAINING PROGRAMS FOR THE INSTALLATION AND REMOVAL OF INSULATING MATERIALS

Program Service Accomplishments

Program 1

THE JATC PROVIDES TRAINING AND RETRAINING PROGRAMS FOR THE INSTALLATION AND REMOVAL OF INSULATING MATERIALS. THE ORGANIZATION'S TRAINING PROGRAMS ARE IN COOPERATION WITH THE LOCAL COMMUNITY COLLEGE...

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THE JATC PROVIDES TRAINING AND RETRAINING PROGRAMS FOR THE INSTALLATION AND REMOVAL OF INSULATING MATERIALS. THE ORGANIZATION'S TRAINING PROGRAMS ARE IN COOPERATION WITH THE LOCAL COMMUNITY COLLEGE IN ADDITION TO BEING A RESOURCE FOR MEMBERS OF THE INSULATION AND ASBESTOS TRADE.

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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 $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

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Governance

Voting Members
8
Independent Members
8
Employees
5
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
0
$0
Total Directors
10
$378,180
Key Employees
0
$0
Highest Compensated
0
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
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