Heat and Frost Insulators of Northern CA Local 16 Health and Welfare Fund (EIN 941233004) - 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

1952

Legal Domicile

Principal Officer

CHRIS GREANEY

Phone

9252089999

Tax Period

2024-01-01 to 2024-12-31

Heat and Frost Insulators of Northern CA Local 16 Health and Welfare Fund, founded in 1952, is a mid-sized nonprofit that reported $14.6M in total revenue in fiscal year 2024. Expenses of $13.9M left a modest 5% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS IN THE HEAT AND FROST INSULATORS TRADE IN THIS MULTIEMPLOYER PLAN.

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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 $14,058,578

Investment Income $560,442

Other Revenue $570

TOTAL REVENUE $14,619,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $827,485

TOTAL EXPENSES $13,873,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,619,590	$14,132,034	+0.0%
Expenses	$13,873,952	$14,714,491	-0.1%
Net Income	$745,638	$-582,457	-2.3%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS GREANEY	CHAIRMAN	1.0	Officer Director	$0	$0	$0
CRAIG ROSSI	CO-CHAIRMAN	2.0	Officer Director	$0	$0	$0
MATTHEW SEMM	TRUSTEE	1.0	Director	$0	$0	$0
JOSH PEREIRA	TRUSTEE	1.0	Director	$0	$0	$0
SHAHRAM AMELI	TRUSTEE	1.0	Director	$0	$0	$0
MARK PLUBELL	TRUSTEE	2.0	Director	$0	$0	$0
SEE SCHEDULE O FOR COMPENSATION	PAID BY RELATED ORGANIZATIONS	0.0	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	$14,619,590	$13,873,952	$16,129,680	$745,638
2023	$14,132,034	$14,714,491	$15,257,529	$-582,457
2022	$13,504,583	$14,622,463	$14,714,456	$-1,117,880
2021	$13,784,871	$13,334,230	$16,574,453	$450,641
2020	$13,858,898	$12,846,048	$16,379,639	$1,012,850

Heat and Frost Insulators of Northern CA Local 16 Health and Welfare Fund