Airconditioning & Refrig Industry Promo Fund Of Mass
Airconditioning & Refrig Industry Promo Fund Of Mass: Declining Revenue, High Administrative Costs
EIN: 222509619 · Quincy, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $509K |
| Total Expenses | $528K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $778K |
| Transparency Score | 45/100 |
Is Airconditioning & Refrig Industry Promo Fund Of Mass Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Airconditioning & Refrig Industry Promo Fund Of Mass
Airconditioning & Refrig Industry Promo Fund Of Mass (EIN: 222509619) is a nonprofit organization based in Quincy, MA. The organization reported total revenue of $509K and total assets of $497K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Airconditioning & Refrig Industry Promo Fund Of Mass's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Airconditioning & Refrig Industry Promo Fund Of Mass is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $491K |
| Total Expenses | $528K |
| Surplus / Deficit | $-36,280 |
| Total Assets | $782K |
| Total Liabilities | $4K |
| Net Assets | $778K |
| Operating Margin | -7.4% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 17.8 months |
Financial Health Grade: B
In 2023, Airconditioning & Refrig Industry Promo Fund Of Mass reported a deficit of $36K with expenses exceeding revenue, holds 17.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Airconditioning & Refrig Industry Promo Fund Of Mass's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.3% | -5.7% | -4.4% |
| 2022 | +19.0% | +48.9% | -17.2% |
| 2021 | +4.1% | +66.0% | +8.4% |
| 2020 | -3.7% | -38.2% | +19.2% |
| 2019 | -9.1% | +17.9% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Airconditioning & Refrig Industry Promo Fund Of Mass with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Airconditioning & Refrig Industry Promo Fund Of Mass allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which warrants further investigation given the organization's operational expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Airconditioning & Refrig Industry Promo Fund Of Mass's IRS 990 filings:
- Zero reported program spending (p=0) suggests the organization may not directly engage in programmatic activities, despite its promotional fund name.
- Consistent reporting of $0 executive compensation while incurring significant expenses (e.g., $527,695 in 2023) raises questions about how leadership is compensated or if services are entirely outsourced.
- Revenue has shown a declining trend from $422,218 in 2018 to $383,639 in 2019, with fluctuations but generally lower than previous years, impacting sustainability.
- The organization consistently reports 100% of spending on administration, indicating a lack of direct program delivery or significant overhead.
Strengths
The following positive indicators were identified for Airconditioning & Refrig Industry Promo Fund Of Mass:
- The organization maintains a healthy asset base, with $497,029 in 2023, providing some financial stability.
Frequently Asked Questions about Airconditioning & Refrig Industry Promo Fund Of Mass
Is Airconditioning & Refrig Industry Promo Fund Of Mass a legitimate charity?
Based on AI analysis of IRS 990 filings, Airconditioning & Refrig Industry Promo Fund Of Mass (EIN: 222509619) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Airconditioning & Refrig Industry Promo Fund Of Mass spend its money?
Detailed spending breakdown data is not yet available for Airconditioning & Refrig Industry Promo Fund Of Mass. Check back for updated IRS 990 analysis.
Are donations to Airconditioning & Refrig Industry Promo Fund Of Mass tax-deductible?
Airconditioning & Refrig Industry Promo Fund Of Mass is registered as a tax-exempt nonprofit (EIN: 222509619). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Airconditioning & Refrig Industry Promo Fund Of Mass CEO make?
Airconditioning & Refrig Industry Promo Fund Of Mass's highest-compensated officer earns $0 annually. The organization reported $509K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Airconditioning & Refrig Industry Promo Fund Of Mass located?
Airconditioning & Refrig Industry Promo Fund Of Mass is headquartered in Quincy, Massachusetts and files with the IRS under EIN 222509619.
How many years of IRS 990 filings does Airconditioning & Refrig Industry Promo Fund Of Mass have?
Airconditioning & Refrig Industry Promo Fund Of Mass has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $509K in total revenue.
What does Airconditioning & Refrig Industry Promo Fund Of Mass do?
Airconditioning & Refrig Industry Promo Fund Of Mass is a nonprofit organization in the Unknown sector, located in Quincy, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Airconditioning & Refrig Industry Promo Fund Of Mass have?
Airconditioning & Refrig Industry Promo Fund Of Mass reported total revenue of $509,193. Based on 13 IRS 990 filings on record.
What are Airconditioning & Refrig Industry Promo Fund Of Mass's total assets?
Airconditioning & Refrig Industry Promo Fund Of Mass holds total assets of $497,029 as reported in IRS 990 filings.
Where is Airconditioning & Refrig Industry Promo Fund Of Mass located?
Airconditioning & Refrig Industry Promo Fund Of Mass is based in Quincy, Massachusetts.
What is Airconditioning & Refrig Industry Promo Fund Of Mass's EIN?
Airconditioning & Refrig Industry Promo Fund Of Mass's Employer Identification Number (EIN) is 222509619. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Airconditioning & Refrig Industry Promo Fund Of Mass?
Airconditioning & Refrig Industry Promo Fund Of Mass is classified under NTEE code Unknown (Unknown).
Is Airconditioning & Refrig Industry Promo Fund Of Mass a registered 501(c)(3)?
Airconditioning & Refrig Industry Promo Fund Of Mass appears in IRS records (EIN: 222509619). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Airconditioning & Refrig Industry Promo Fund Of Mass file IRS Form 990?
Yes, Airconditioning & Refrig Industry Promo Fund Of Mass has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Airconditioning & Refrig Industry Promo Fund Of Mass's revenue in 2023?
In the 202312 filing period, Airconditioning & Refrig Industry Promo Fund Of Mass reported total revenue of $491,415, total expenses of $527,695, and net assets of $781,968.
Is Airconditioning & Refrig Industry Promo Fund Of Mass's revenue growing or declining?
Airconditioning & Refrig Industry Promo Fund Of Mass's revenue is growing. Revenue went from $457,980 (202212) to $491,415 (202312), a +7.3% change. Based on 13 filings on record.
What is Airconditioning & Refrig Industry Promo Fund Of Mass's most recent 990 filing?
The most recent IRS Form 990 filing for Airconditioning & Refrig Industry Promo Fund Of Mass covers tax period 202312. It shows revenue of $491,415, expenses of $527,695, total assets of $781,968, and liabilities of $4,100.
Is Airconditioning & Refrig Industry Promo Fund Of Mass a trustworthy charity?
Based on AI analysis of IRS 990 data, Airconditioning & Refrig Industry Promo Fund Of Mass shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Airconditioning & Refrig Industry Promo Fund Of Mass?
The following concerns were identified: Zero reported program spending (p=0) suggests the organization may not directly engage in programmatic activities, despite its promotional fund name.. Consistent reporting of $0 executive compensation while incurring significant expenses (e.g., $527,695 in 2023) raises questions about how leadership is compensated or if services are entirely outsourced.. Revenue has shown a declining trend from $422,218 in 2018 to $383,639 in 2019, with fluctuations but generally lower than previous years, impacting sustainability.. The organization consistently reports 100% of spending on administration, indicating a lack of direct program delivery or significant overhead.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Airconditioning & Refrig Industry Promo Fund Of Mass's strengths?
Positive indicators for Airconditioning & Refrig Industry Promo Fund Of Mass include: The organization maintains a healthy asset base, with $497,029 in 2023, providing some financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Airconditioning & Refrig Industry Promo Fund Of Mass compensate executives?
Executive compensation is reported as $0 across all available filings, which warrants further investigation given the organization's operational expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 100% administrative spending and $0 program spending, what is the actual promotional activity or benefit provided by the 'Promo Fund'?
The financial data suggests the organization's primary function is administrative oversight or indirect support rather than direct promotional programs, as all reported expenses are categorized as administrative.
How does the organization manage to operate with $0 reported executive compensation, and who is responsible for its management and decision-making?
The $0 executive compensation could imply that leadership is volunteer-based, compensated through a related entity, or that the organization outsources all management functions, which would require deeper investigation into its operational structure.
Filing History
IRS 990 filing history for Airconditioning & Refrig Industry Promo Fund Of Mass showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Airconditioning & Refrig Industry Promo Fund Of Mass's revenue has grown by 62.8%, moving from $302K to $491K. Total assets increased by 80.2% over the same period, from $434K to $782K. Total functional expenses rose by 96.5%, from $269K to $528K. In its most recent filing year (2023), Airconditioning & Refrig Industry Promo Fund Of Mass reported a deficit of $36K, with expenses exceeding revenue. The organization holds $4K in liabilities against $782K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $778K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $491K | $528K | $782K | $4K | — | — |
| 2022 | $458K | $559K | $818K | $4K | — | — |
| 2021 | $385K | $376K | $988K | $72K | — | View 990 |
| 2020 | $370K | $226K | $911K | $5K | — | — |
| 2019 | $384K | $367K | $765K | $1K | — | — |
| 2018 | $422K | $311K | $748K | $2K | — | View 990 |
| 2017 | $370K | $302K | $644K | $10K | — | View 990 |
| 2016 | $350K | $307K | $575K | $8K | — | View 990 |
| 2015 | $268K | $268K | $527K | $3K | — | View 990 |
| 2014 | $319K | $291K | $556K | $31K | — | View 990 |
| 2013 | $318K | $278K | $530K | $34K | — | View 990 |
| 2012 | $292K | $268K | $458K | $1K | — | View 990 |
| 2011 | $302K | $269K | $434K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $491K, expenses of $528K, and assets of $782K (revenue +7.3% year-over-year).
- 2022: Revenue of $458K, expenses of $559K, and assets of $818K (revenue +19.0% year-over-year).
- 2021: Revenue of $385K, expenses of $376K, and assets of $988K (revenue +4.1% year-over-year).
- 2020: Revenue of $370K, expenses of $226K, and assets of $911K (revenue -3.7% year-over-year).
- 2019: Revenue of $384K, expenses of $367K, and assets of $765K (revenue -9.1% year-over-year).
- 2018: Revenue of $422K, expenses of $311K, and assets of $748K (revenue +14.2% year-over-year).
- 2017: Revenue of $370K, expenses of $302K, and assets of $644K (revenue +5.5% year-over-year).
- 2016: Revenue of $350K, expenses of $307K, and assets of $575K (revenue +30.8% year-over-year).
- 2015: Revenue of $268K, expenses of $268K, and assets of $527K (revenue -16.0% year-over-year).
- 2014: Revenue of $319K, expenses of $291K, and assets of $556K (revenue +0.4% year-over-year).
- 2013: Revenue of $318K, expenses of $278K, and assets of $530K (revenue +8.7% year-over-year).
- 2012: Revenue of $292K, expenses of $268K, and assets of $458K (revenue -3.2% year-over-year).
- 2011: Revenue of $302K, expenses of $269K, and assets of $434K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Airconditioning & Refrig Industry Promo Fund Of Mass:
Data Sources and Methodology
This transparency report for Airconditioning & Refrig Industry Promo Fund Of Mass is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.