AIRCONDITIONING AND REFRIGERATION INDUSTRY HEALTH AND WELFARE TRUST FUND (EIN 956041105) - 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

1959

Legal Domicile

Principal Officer

KRISTI WAGNER

Phone

7149176100

Tax Period

2024-01-01 to 2024-12-31

AIRCONDITIONING AND REFRIGERATION INDUSTRY HEALTH AND WELFARE TRUST FUND, founded in 1959, is a mid-sized nonprofit that reported $48.6M in total revenue in fiscal year 2024. Expenses of $43.8M left a modest 10% surplus.

Mission

THE TRUST FUND IS A MULTI-EMPLOYER HEALTH PLAN PROVIDING MEDICAL, DENTAL, SUPPLEMENTAL DISABILITY, VISION, VACATION AND PRESCRIPTION DRUG BENEFITS TO ACTIVE EMPLOYEES, RETIREES AND THEIR DEPENDENTS. A DEATH BENEFIT AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFIT IS ALSO OFFERED TO ACTIVE EMPLOYEES AND RETIREES.

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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 $46,687,272

Investment Income $1,740,844

Other Revenue $168,183

TOTAL REVENUE $48,596,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $488,362

Fundraising Expenses $0

Other Expenses $1,774,996

TOTAL EXPENSES $43,791,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,596,299	$45,745,733	+0.1%
Expenses	$43,791,903	$43,305,429	+0.0%
Net Income	$4,804,396	$2,440,304	+1.0%

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

$269,379

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTI WAGNER	ADMINISTRATOR	17.0	Key Emp	$92,407	$38,361	$269,379
JOHN BAKER	TRUSTEE	1.0	Director	$0	$0	$0
RANDALL CHENWORTH	trustee	1.0	Director	$0	$0	$0
ANTHONY MUSSO	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT A LAKE	TRUSTEE	1.0	Director	$0	$0	$0
JESSE SANCHEZ	TRUSTEE	1.0	Director	$0	$0	$0
KEN FLORES	TRUSTEE	1.0	Director	$0	$0	$0
TOM MORTON	TRUSTEE	1.0	Director	$0	$0	$0
LONNIE WRIGHT	TRUSTEE	1.0	Director	$0	$0	$0
JERRY TREVINO	Trustee	1.0	Director	$0	$0	$0
BEN CLAYTON	TRUSTEE	1.0	Director	$0	$0	$0
TODD BUCHANAN	trustee	1.0	Director	$0	$0	$0
BRANDON MORTORFF	TRUSTEE	1.0	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	$48,596,299	$43,791,903	$79,511,254	$4,804,396
2023	$45,745,733	$43,305,429	$72,549,563	$2,440,304
2022	$42,852,184	$40,373,367	$63,980,116	$2,478,817
2021	$39,290,458	$34,792,957	$67,504,830	$4,497,501
2020	$39,077,402	$39,144,459	$60,714,049	$-67,057
2019	$39,335,281	$33,070,435	$52,946,714	$6,264,846
2018	$38,918,287	$31,703,891	$42,669,269	$7,214,396

AIRCONDITIONING AND REFRIGERATION INDUSTRY HEALTH AND WELFARE TRUST FUND