HEAT AND FROST INSULATORS AND ASBESTOS WORKERS HEALTH AND WELFARE TRUST FUND (EIN 956093752) - 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

1951

Legal Domicile

Principal Officer

KIM GOULD

Phone

6266461090

Tax Period

2023-01-01 to 2023-12-31

HEAT AND FROST INSULATORS AND ASBESTOS WORKERS HEALTH AND WELFARE TRUST FUND, founded in 1951, is a mid-sized nonprofit that reported $20.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.4M, a strong 31% operating margin.

Mission

TO PROVIDE HEALTH BENEFITS TO TRUST FUND PARTICIPANTS.

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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 $0

Program Service Revenue $19,660,645

Investment Income $792,844

Other Revenue $22,794

TOTAL REVENUE $20,476,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $833,867

TOTAL EXPENSES $14,077,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,476,283	$18,495,383	+0.1%
Expenses	$14,077,916	$14,344,667	0.0%
Net Income	$6,398,367	$4,150,716	+0.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
EDDY PENA	UNION TRUSTEE	Director	$0	$0	$0
MICHAEL PATTERSON	UNION TRUSTEE	Director	$0	$0	$0
DANIEL HAGUEWOOD	UNION TRUSTEE	Director	$0	$0	$0
Michael Curtin	MANAGEMENT TRUSTEE	Director	$0	$0	$0
PATRICE REYNOLDS	MANAGEMENT TRUSTEE	Director	$0	$0	$0
CRAIG SKEIE	MANAGEMENT TRUSTEE	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	$20,476,283	$14,077,916	$33,308,756	$6,398,367
2022	$18,495,383	$14,344,667	$25,128,913	$4,150,716
2021	$17,164,369	$13,970,176	$22,035,506	$3,194,193
2020	$15,842,387	$13,962,338	$17,697,164	$1,880,049
2019	$17,427,043	$14,352,292	$15,702,867	$3,074,751
2018	$14,077,979	$13,137,172	$11,700,639	$940,807

HEAT AND FROST INSULATORS AND ASBESTOS WORKERS HEALTH AND WELFARE TRUST FUND