Heat And Frost Insulators And Allied Workers Local No 4 Welfare
Heat And Frost Insulators And Allied Workers Local No 4 Welfare maintains consistent operations with declining assets and no reported officer compensation.
EIN: 166032104 · Buffalo, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Program Spending | 80% |
| Net Assets | $1.4M |
| Transparency Score | 75/100 |
Is Heat And Frost Insulators And Allied Workers Local No 4 Welfare Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heat And Frost Insulators And Allied Workers Local No 4 Welfare directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heat And Frost Insulators And Allied Workers Local No 4 Welfare
Heat And Frost Insulators And Allied Workers Local No 4 Welfare (EIN: 166032104) is a nonprofit organization based in Buffalo, NY. The organization reported total revenue of $1.8M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heat And Frost Insulators And Allied Workers Local No 4 Welfare's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heat And Frost Insulators And Allied Workers Local No 4 Welfare is a mid-size nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-199,185 |
| Total Assets | $1.4M |
| Total Liabilities | $63K |
| Net Assets | $1.4M |
| Operating Margin | -14.4% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 11.0 months |
Financial Health Grade: B
In 2023, Heat And Frost Insulators And Allied Workers Local No 4 Welfare reported a deficit of $199K with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Heat And Frost Insulators And Allied Workers Local No 4 Welfare's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.6% | -3.5% | -9.8% |
| 2022 | -1.8% | -11.8% | -8.9% |
| 2021 | -3.7% | -3.2% | -10.8% |
| 2020 | -8.2% | +6.1% | -5.8% |
| 2019 | +1.4% | -3.5% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Heat And Frost Insulators And Allied Workers Local No 4 Welfare with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Heat And Frost Insulators And Allied Workers Local No 4 Welfare allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $199K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive compensation is either not paid by the organization or is not reported in this section of the 990, which is a positive indicator for donor confidence regarding executive pay.
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 Heat And Frost Insulators And Allied Workers Local No 4 Welfare's IRS 990 filings:
- Consistent expenses exceeding revenue in recent years (e.g., 2023, 2022, 2021, 2020) leading to asset decline.
- NTEE Code is 'Unknown', limiting understanding of the organization's specific purpose and impact.
Strengths
The following positive indicators were identified for Heat And Frost Insulators And Allied Workers Local No 4 Welfare:
- Consistent reporting of 0% officer compensation, indicating transparency or lack of executive pay from the organization.
- Relatively low liabilities across all reported periods, suggesting good financial management of debt.
- Long filing history (13 filings) indicates consistent operation and compliance.
Frequently Asked Questions about Heat And Frost Insulators And Allied Workers Local No 4 Welfare
Is Heat And Frost Insulators And Allied Workers Local No 4 Welfare a legitimate charity?
Heat And Frost Insulators And Allied Workers Local No 4 Welfare (EIN: 166032104) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Heat And Frost Insulators And Allied Workers Local No 4 Welfare spend its money?
Heat And Frost Insulators And Allied Workers Local No 4 Welfare directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Heat And Frost Insulators And Allied Workers Local No 4 Welfare tax-deductible?
Heat And Frost Insulators And Allied Workers Local No 4 Welfare is registered as a tax-exempt nonprofit (EIN: 166032104). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heat And Frost Insulators And Allied Workers Local No 4 Welfare's spending goes to programs?
Heat And Frost Insulators And Allied Workers Local No 4 Welfare directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Heat And Frost Insulators And Allied Workers Local No 4 Welfare located?
Heat And Frost Insulators And Allied Workers Local No 4 Welfare is headquartered in Buffalo, New York and files with the IRS under EIN 166032104.
How many years of IRS 990 filings does Heat And Frost Insulators And Allied Workers Local No 4 Welfare have?
Heat And Frost Insulators And Allied Workers Local No 4 Welfare 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 $1.8M in total revenue.
What are the specific programs and services provided by Heat And Frost Insulators And Allied Workers Local No 4 Welfare?
The provided data does not detail the specific programs or services. The NTEE code is 'Unknown', which further limits understanding of its mission.
Why have the organization's assets declined from $2,230,601 in 2016 to $1,447,698 in 2023?
The filings show a consistent trend of expenses often exceeding revenues in recent years (e.g., 2023: Revenue $1,385,034, Expenses $1,584,219), which would contribute to a reduction in net assets over time.
How does the organization manage its administrative and fundraising costs?
Without a detailed breakdown of expenses in the provided data, it's difficult to precisely assess the efficiency of administrative and fundraising cost management. However, the consistent operational expenses suggest a stable cost structure.
Filing History
IRS 990 filing history for Heat And Frost Insulators And Allied Workers Local No 4 Welfare showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heat And Frost Insulators And Allied Workers Local No 4 Welfare's revenue has declined by 18.7%, moving from $1.7M to $1.4M. Total assets decreased by 9.6% over the same period, from $1.6M to $1.4M. Total functional expenses rose by 6.6%, from $1.5M to $1.6M. In its most recent filing year (2023), Heat And Frost Insulators And Allied Workers Local No 4 Welfare reported a deficit of $199K, with expenses exceeding revenue. The organization holds $63K in liabilities against $1.4M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.6M | $1.4M | $63K | — | — |
| 2022 | $1.6M | $1.6M | $1.6M | $82K | — | — |
| 2021 | $1.7M | $1.9M | $1.8M | $40K | — | View 990 |
| 2020 | $1.7M | $1.9M | $2.0M | $25K | — | View 990 |
| 2019 | $1.9M | $1.8M | $2.1M | $22K | — | View 990 |
| 2018 | $1.8M | $1.9M | $2.0M | $25K | — | View 990 |
| 2017 | $1.9M | $2.0M | $2.1M | $17K | — | View 990 |
| 2016 | $2.2M | $1.8M | $2.2M | $150K | — | View 990 |
| 2015 | $1.7M | $1.7M | $1.7M | $7K | — | View 990 |
| 2014 | $1.7M | $1.6M | $1.8M | $39K | — | View 990 |
| 2013 | $1.5M | $1.6M | $1.7M | $18K | — | View 990 |
| 2012 | $1.8M | $1.5M | $1.8M | $24K | — | View 990 |
| 2011 | $1.7M | $1.5M | $1.6M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.6M, and assets of $1.4M (revenue -14.6% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.6M, and assets of $1.6M (revenue -1.8% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.9M, and assets of $1.8M (revenue -3.7% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.9M, and assets of $2.0M (revenue -8.2% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.8M, and assets of $2.1M (revenue +1.4% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.9M, and assets of $2.0M (revenue -2.2% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.0M, and assets of $2.1M (revenue -15.2% year-over-year).
- 2016: Revenue of $2.2M, expenses of $1.8M, and assets of $2.2M (revenue +29.4% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $1.7M (revenue -0.1% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.6M, and assets of $1.8M (revenue +15.8% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.6M, and assets of $1.7M (revenue -18.0% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.5M, and assets of $1.8M (revenue +6.3% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.5M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heat And Frost Insulators And Allied Workers Local No 4 Welfare:
Data Sources and Methodology
This transparency report for Heat And Frost Insulators And Allied Workers Local No 4 Welfare 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.