INT'L ASSOCIATION OF HEAT & FROST INSULATORS AND ALLIED WORKERS LO UN NO 5 (EIN 950866519) - 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

1918

Legal Domicile

Principal Officer

MIKE PATTERSON

Phone

9093903401

Tax Period

2024-01-01 to 2024-12-31

INT'L ASSOCIATION OF HEAT & FROST INSULATORS AND ALLIED WORKERS LO UN NO 5, founded in 1918, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 45% operating margin.

Mission

TO NEGOTIATE AND ENFORCE THE COLLECTIVE BARGAINING AGREEMENT, TO ORGANIZE WORKERS WITHIN THEIR JURISDICTION and TO PROMOTE THE EDUCATION OF THEIR 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,293,430

Investment Income $260,693

Other Revenue $1,233,570

TOTAL REVENUE $5,787,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,033,358

Fundraising Expenses $0

Other Expenses $2,175,485

TOTAL EXPENSES $3,208,843

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,787,693	$4,512,791	+0.3%
Expenses	$3,208,843	$2,967,703	+0.1%
Net Income	$2,578,850	$1,545,088	+0.7%

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

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

$840,562

Total Directors

$675,799

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL R PATTERSON	BUSINESS MANAGER	40.0	Officer	$140,160	$83,529	$223,689
GUADALUPE MORENO	TRUSTEE	1.0	Director	$4,987	$80,260	$217,507
ALFONSO RUIZ	BUSINESS AGENT	40.0	Officer	$137,198	$79,721	$216,919
FREDI FLORES	BUSINESS AGENT	40.0	Officer	$134,605	$82,252	$216,857
ALEJANDRO CELEDON	EXECUTIVE BOARD	1.0	Director	$4,988	$71,293	$209,737
DANIEL RUIZ	EXECUTIVE BOARD/TRUSTEE	1.0	Director	$4,987	$76,464	$208,907
FELIX J GARCIA	OFFICE MANAGER/V.P.	40.0	Officer	$130,444	$43,466	$173,910
FREDDY FLORES	OFFICE STAFF	40.0	Highest	$69,963	$30,182	$100,145
SALVADOR ROMERO	EXECUTIVE BOARD	1.0	Director	$6,441	$0	$28,219
GENE CLARK	PRESIDENT	1.0	Officer	$9,187	$0	$9,187
RAYMOND DE JESUS	EXECUTIVE BOARD	1.0	Director	$6,441	$0	$6,441
STEVE CARCANO	EXECUTIVE BOARD/TRUSTEE	1.0	Director	$4,988	$0	$4,988
JOSE GODOY	SERGENT-AT-ARMS	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
2024	$5,787,693	$3,208,843	$15,453,109	$2,578,850
2023	$4,512,791	$2,967,703	$12,899,165	$1,545,088
2022	$4,009,910	$2,858,031	$11,955,201	$1,151,879
2021	$4,293,043	$2,636,971	$10,232,357	$1,656,072
2020	$3,852,996	$2,440,248	$8,728,638	$1,412,748
2019	$4,739,520	$2,673,099	$9,272,288	$2,066,421
2018	$3,394,451	$2,529,172	$7,693,594	$865,279

INT'L ASSOCIATION OF HEAT & FROST INSULATORS AND ALLIED WORKERS LO UN NO 5