REFRIGERATING ENGINEERS & TECHNICI… - Form 990 Financial Data

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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

1910

Legal Domicile

Principal Officer

JAMES BARRON

Phone

5414972955

Tax Period

2023-01-01 to 2023-12-31

REFRIGERATING ENGINEERS & TECHNICIANS ASSOCIATION, founded in 1910, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Expenses of $3.4M left a modest 11% surplus.

Mission

TO ENHANCE THE PROFESSIONAL DEVELOPMENT OF INDUSTRIAL REFRIGERATION OPERATING AND TECHNICAL ENGINEERS. THIS IS ACCOMPLISHED THROUGH EDUCATION, CERTIFICATION, REGIONAL SEMINARS, AND NATIONAL CONFERENCES.

Program Service Accomplishments

Program 1

ANNUAL CONFERENCE FEATURES TECHNICAL PRESENTATION AND PREMIER EQUIPMENT SHOWCASES. THE 2023 CONFERENCE HAD 1,157 ATTENDEES.

Program 2

WEB TRAINING AND CERTIFICATION ESTABLISHES THAT AN INDIVIDUAL HAS MET RETA'S EXPERIENCE, EDUCATION, SKILL LEVEL AND TEST REQUIREMENTS.

Program 3

PUBLICATION SALES- SALES OF BOOKS AND MERCHANDISE TO MEMBERS AND NONMEMBERS PERTAINING TO REFRIGERATION AND TECHNOLOGY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,700

Program Service Revenue $3,313,918

Investment Income $38,414

Other Revenue $444,292

TOTAL REVENUE $3,798,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,125,039

Fundraising Expenses $0

Other Expenses $2,242,740

TOTAL EXPENSES $3,367,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,798,324	$3,748,782	+0.0%
Expenses	$3,367,779	$2,600,984	+0.3%
Net Income	$430,545	$1,147,798	-0.6%

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

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

$202,843

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BARRON	EXECUTIVE DI	60.00	Officer	$173,978	$28,865	$202,843
BENGIE BRANHAM	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MICHAEL HAWKINS	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVE GULCYNSKI	EXECUTIVE V.	2.00	Officer Director	$0	$0	$0
BILL LAPE	TREASURER	2.00	Officer Director	$0	$0	$0
RAY URBAN JR	SECOND V.P.	2.00	Officer Director	$0	$0	$0
KEITH HARPER	PAST CHAIRMA	2.00	Officer Director	$0	$0	$0
ARLIE FARLEY	DIRECTOR	1.00	Director	$0	$0	$0
DALE CLINTON	DIRECTOR	1.00	Director	$0	$0	$0
RON FETTERLEY	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON JONES	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY MURFIN	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR DEARMAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MISSALL	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW PALOMAR	DIRECTOR	1.00	Director	$0	$0	$0
GORDON RASCOE	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA CASSELL	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA KIRKPATRICK	DIRECTOR	1.00	Director	$0	$0	$0
JIM KORVARIK	DIRECTOR	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	No data	No data	No data	No data
2023	$3,798,324	$3,367,779	$5,249,894	$430,545
2022	$3,748,782	$2,600,984	$5,065,331	$1,147,798
2021	$2,984,276	$2,425,211	$4,151,388	$559,065
2020	$1,984,697	$1,652,028	$3,409,099	$332,669
2019	$3,071,073	$2,799,145	$3,191,824	$271,928
2018	$2,875,781	$2,778,628	$2,783,768	$97,153

REFRIGERATING ENGINEERS & TECHNICIANS ASSOCIATION