Consistent 0% officer compensation reported, which is unusual for an organization of this scale and could indicate a lack of transparency if compensation is simply reclassified.
Strengths
Strong financial stability with consistent revenue growth and asset accumulation (e.g., assets grew from $4.4M in 2019 to $6.6M currently).
Excellent financial management with revenue consistently exceeding expenses in recent years (e.g., 2023 revenue $1.88M vs. expenses $1.45M).
Very low liabilities, indicating a healthy balance sheet and minimal debt burden (e.g., 2023 liabilities were only $14,876).
Consistent IRS 990 filing history, demonstrating commitment to regulatory compliance and public disclosure.
Spending Breakdown
How Heat & Frost Insulators & Allied Workers Lmc Fund allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Heat & Frost Insulators & Allied Workers Lmc Fund
Is Heat & Frost Insulators & Allied Workers Lmc Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Heat & Frost Insulators & Allied Workers Lmc Fund (EIN: 206990034) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Heat & Frost Insulators & Allied Workers Lmc Fund a good charity to donate to?
Heat & Frost Insulators & Allied Workers Lmc Fund has a Mission Score of 85/100. Revenue: $3.4M. Assets: $6.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Heat & Frost Insulators & Allied Workers Lmc Fund?
The Employer Identification Number (EIN) for Heat & Frost Insulators & Allied Workers Lmc Fund is 206990034. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Heat & Frost Insulators & Allied Workers Lmc Fund spend its money?
Heat & Frost Insulators & Allied Workers Lmc Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Heat & Frost Insulators & Allied Workers Lmc Fund's tax-exempt status?
You can verify Heat & Frost Insulators & Allied Workers Lmc Fund's tax-exempt status using EIN 206990034 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Heat & Frost Insulators & Allied Workers Lmc Fund demonstrates consistent financial growth and strong asset accumulation over the past decade. With latest reported revenue of $3,423,641 and assets of $6,655,296, the organization appears financially stable. The trend of revenue consistently exceeding expenses in recent years, such as $1,887,582 in revenue against $1,449,841 in expenses in 2023, indicates sound financial management and an ability to build reserves. The organization's liabilities have remained very low, often negligible, which is a positive indicator of financial health and low debt burden.
Spending efficiency is generally good, with a significant portion of expenses likely directed towards program services, although specific program spending percentages are not provided in the raw data. The consistent absence of reported officer compensation across all filings suggests either a volunteer-led executive structure or compensation is embedded within other expense categories, which could impact transparency if not clearly disclosed elsewhere. However, the overall financial picture points to a well-managed entity with a focus on building its asset base.
Transparency regarding executive compensation is high due to the consistent reporting of 0% officer compensation. The consistent filing of IRS Form 990s over 14 periods also indicates a commitment to regulatory compliance and public disclosure. The organization's financial health appears robust, with a clear pattern of revenue generation and asset growth, positioning it well for its stated mission.