Refrigeration & Air Conditioning Training Trust (EIN 946087604) - 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

1965

Legal Domicile

Principal Officer

Richard L Milsner

Phone

9258722409

Tax Period

2024-01-01 to 2024-12-31

Refrigeration & Air Conditioning Training Trust, founded in 1965, is a small nonprofit that reported $954K in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $483K, a strong 51% operating margin.

Mission

REGRIGERATION & AIR CONDITIONING 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 $691,134

Investment Income $263,097

Other Revenue $0

TOTAL REVENUE $954,231

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,000

Fundraising Expenses $0

Other Expenses $399,254

TOTAL EXPENSES $471,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$954,231	$567,849	+0.7%
Expenses	$471,254	$200,806	+1.3%
Net Income	$482,977	$367,043	+0.3%

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

N/A

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

$72,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard L Milsner	Trustee	15.00	Director	$72,000	$0	$72,000

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	$954,231	$471,254	$11,925,097	$482,977
2023	$567,849	$200,806	$11,417,653	$367,043
2022	$709,787	$102,498	$10,410,169	$607,289
2021	$885,212	$107,859	$10,248,114	$777,353
2020	$1,235,874	$122,637	$9,743,922	$1,113,237
2019	$1,410,543	$222,513	$8,746,982	$1,188,030
2018	$930,286	$55,631	$7,460,478	$874,655
2018	$943,958	$55,631	$7,474,150	$888,327

Refrigeration & Air Conditioning Training Trust