HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL UNION NO 16 (EIN 940577197) - 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

1911

Legal Domicile

Principal Officer

CHRISTOPHER GREANEY

Phone

7077481616

Tax Period

2025-01-01 to 2025-12-31

HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL UNION NO 16, founded in 1911, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2025. Expenses of $7.0M exceeded revenue, resulting in a 37% operating deficit.

Mission

IMPROVE THE WORKING CONDITIONS AND WELFARE OF MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,683,080

Investment Income $116,617

Other Revenue $287,960

TOTAL REVENUE $5,087,657

Expense Breakdown

Grants Paid $208,228

Salaries & Benefits $1,903,682

Fundraising Expenses $0

Other Expenses $1,961,527

TOTAL EXPENSES $6,984,764

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,087,657	$4,874,745	+0.0%
Expenses	$6,984,764	$4,180,213	+0.7%
Net Income	$-1,897,107	$694,532	-3.7%

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

$1,504,161

Total Directors

$25,916

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER GREANEY	BUSINESS MANAGER	40.0	Officer	$196,134	$126,585	$322,719
AURELIANO OCHOA	BUSINESS AGENT	40.0	Officer	$180,919	$116,117	$297,036
ANTHONY VISCUSO	BUSINESS AGENT	40.0	Officer	$180,322	$116,117	$296,439
FORTINO CURIEL	BUSINESS AGENT (TERM 11/25)	40.0	Officer	$164,486	$122,388	$286,874
VICTOR HERNANDEZ	EXECUTIVE BOARD/ORGANIZER	40.0	Officer	$152,055	$87,496	$239,551
YASMINA SOTO	CLERICAL	40.0	Highest	$119,866	$53,138	$173,004
MARK PLUBELL	BUSINESS AGENT (EFF. 11/25)	1.0	Officer	$17,117	$2,401	$19,518
JOSHUA PEREIRA	PRESIDENT	1.0	Officer	$14,808	$0	$14,808
SHANNON MCKINNEY	VICE PRESIDENT	1.0	Officer Director	$7,544	$0	$7,544
TIMOTHY SEITZ	E-BOARD/TRUSTEE (TERM 11/25)	1.0	Officer Director	$6,217	$0	$6,217
DEVIN GREANEY	EXECUTIVE BOARD	1.0	Officer Director	$4,203	$0	$4,203
CHRIS OXFORD	TRUSTEE	1.0	Officer Director	$4,069	$0	$4,069
JONATHAN BLAINE	EXECUTIVE BOARD	1.0	Officer Director	$3,003	$0	$3,003
THOMAS VISCUSO	SERGEANT AT ARMS (TERM 11/25)	1.0	Officer	$1,300	$0	$1,300
KYLE BOGAN	TRUSTEE (EFF. 11/25)	1.0	Officer Director	$680	$0	$680
ISAAC GUERRERO	EXECUTIVE BOARD (EFF. 11/25)	1.0	Officer Director	$200	$0	$200
KEVIN WINGO	E-BOARD/TRUSTEE (EFF. 11/25)	1.0	Officer Director	$0	$0	$0
RAMON INIGUEZ	SERGEANT AT ARMS (EFF. 11/25)	1.0	Officer	$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
2025	$5,087,657	$6,984,764	$7,844,832	$-1,897,107
2024	$4,874,745	$4,180,213	$9,739,340	$694,532
2023	$4,959,200	$3,966,288	$9,057,798	$992,912
2022	$4,526,302	$6,053,791	$7,998,856	$-1,527,489
2021	$4,419,653	$3,265,877	$9,522,352	$1,153,776
2020	$4,424,584	$3,265,336	$8,373,262	$1,159,248
2019	$5,541,303	$6,517,715	$7,290,104	$-976,412
2018	$5,398,125	$2,951,185	$8,285,168	$2,446,940

HEAT AND FROST INSULATORS AND ALLIED WORKERS LOCAL UNION NO 16