Heat & Frost Insulators & Allied Workers Lmc Fund
Heat & Frost Insulators & Allied Workers Lmc Fund shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 206990034 · Lanham, MD · NTEE: Y34 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| Net Assets | $6.4M |
| Transparency Score | 85/100 |
Is Heat & Frost Insulators & Allied Workers Lmc Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heat & Frost Insulators & Allied Workers Lmc Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heat & Frost Insulators & Allied Workers Lmc Fund
Heat & Frost Insulators & Allied Workers Lmc Fund (EIN: 206990034) is a nonprofit organization based in Lanham, MD, classified under NTEE code Y34. The organization reported total revenue of $3.4M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heat & Frost Insulators & Allied Workers Lmc Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heat & Frost Insulators & Allied Workers Lmc Fund is a mid-size nonprofit that has been operating for 12 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$438K |
| Total Assets | $6.4M |
| Total Liabilities | $15K |
| Net Assets | $6.4M |
| Operating Margin | 23.2% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 53.0 months |
Financial Health Grade: A
In 2023, Heat & Frost Insulators & Allied Workers Lmc Fund reported a surplus of $438K with revenue exceeding expenses, holds 53.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Heat & Frost Insulators & Allied Workers Lmc Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.4% | +22.8% | +13.8% |
| 2022 | -5.0% | +1.4% | -4.7% |
| 2021 | -8.9% | +15.2% | +11.5% |
| 2020 | -17.0% | -5.5% | +19.7% |
| 2019 | +20.1% | -45.3% | +100.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2014 |
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 & Frost Insulators & Allied Workers Lmc Fund with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Heat & Frost Insulators & Allied Workers Lmc Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $438K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or their compensation is not reported in this specific category, which is highly unusual for an organization of this size with millions in revenue and assets.
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 & Frost Insulators & Allied Workers Lmc Fund's IRS 990 filings:
- 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
The following positive indicators were identified for Heat & Frost Insulators & Allied Workers Lmc Fund:
- 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.
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) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Heat & Frost Insulators & Allied Workers Lmc Fund spend its money?
Heat & Frost Insulators & Allied Workers Lmc Fund directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heat & Frost Insulators & Allied Workers Lmc Fund tax-deductible?
Heat & Frost Insulators & Allied Workers Lmc Fund is registered as a tax-exempt nonprofit (EIN: 206990034). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heat & Frost Insulators & Allied Workers Lmc Fund's spending goes to programs?
Heat & Frost Insulators & Allied Workers Lmc Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heat & Frost Insulators & Allied Workers Lmc Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Heat & Frost Insulators & Allied Workers Lmc Fund is above average for NTEE category Y34 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heat & Frost Insulators & Allied Workers Lmc Fund located?
Heat & Frost Insulators & Allied Workers Lmc Fund is headquartered in Lanham, Maryland and files with the IRS under EIN 206990034. It is classified under NTEE code Y34.
How many years of IRS 990 filings does Heat & Frost Insulators & Allied Workers Lmc Fund have?
Heat & Frost Insulators & Allied Workers Lmc Fund has 14 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 $3.4M in total revenue.
How does the organization manage to report 0% officer compensation despite its size and revenue?
The consistent reporting of 0% officer compensation across all filings suggests that executive roles may be volunteer-based, or compensation is structured in a way that it's not reported under 'Officer Comp' on the 990, potentially within other expense lines. Further investigation into their detailed expense breakdown would be needed for clarity.
What are the primary program services funded by the organization's expenses?
While the NTEE code Y34 suggests a focus on labor unions and related organizations, the provided data does not detail specific program services. A deeper dive into their Form 990, Part III (Statement of Program Service Accomplishments), would be necessary to understand their primary activities.
Is the organization's asset growth sustainable given its revenue trends?
Yes, the organization's asset growth appears sustainable. In recent years (e.g., 2023, 2022, 2021), revenue has consistently exceeded expenses, allowing for the accumulation of assets. For instance, in 2023, revenue was $1,887,582 against expenses of $1,449,841, contributing to asset growth from $5,623,037 in 2022 to $6,399,033 in 2023.
Filing History
IRS 990 filing history for Heat & Frost Insulators & Allied Workers Lmc Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Heat & Frost Insulators & Allied Workers Lmc Fund's revenue has grown by 54.7%, moving from $1.2M to $1.9M. Total assets increased by 561.9% over the same period, from $967K to $6.4M. Total functional expenses rose by 268.9%, from $393K to $1.4M. In its most recent filing year (2023), Heat & Frost Insulators & Allied Workers Lmc Fund reported a surplus of $438K, with revenue exceeding expenses. The organization holds $15K in liabilities against $6.4M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.4M | $6.4M | $15K | — | View 990 |
| 2022 | $1.6M | $1.2M | $5.6M | $3K | — | View 990 |
| 2021 | $1.6M | $1.2M | $5.9M | $73K | — | View 990 |
| 2020 | $1.8M | $1.0M | $5.3M | $10K | — | — |
| 2019 | $2.2M | $1.1M | $4.4M | $0 | — | View 990 |
| 2018 | $1.8M | $2.0M | $2.2M | $19K | — | View 990 |
| 2017 | $1.7M | $2.2M | $2.5M | $48K | — | View 990 |
| 2016 | $1.6M | $1.9M | $2.9M | $124K | — | View 990 |
| 2015 | $1.6M | $1.6M | $3.2M | $147K | — | View 990 |
| 2014 | $1.6M | $1.4M | $3.3M | $112K | — | View 990 |
| 2013 | $1.7M | $1.1M | $3.0M | $78K | — | View 990 |
| 2012 | $1.7M | $833K | $2.1M | $270 | — | — |
| 2011 | $1.1M | $724K | $1.3M | $3K | — | — |
| 2010 | $1.2M | $393K | $967K | $458 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.4M, and assets of $6.4M (revenue +21.4% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.2M, and assets of $5.6M (revenue -5.0% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.2M, and assets of $5.9M (revenue -8.9% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.0M, and assets of $5.3M (revenue -17.0% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.1M, and assets of $4.4M (revenue +20.1% year-over-year).
- 2018: Revenue of $1.8M, expenses of $2.0M, and assets of $2.2M (revenue +5.0% year-over-year).
- 2017: Revenue of $1.7M, expenses of $2.2M, and assets of $2.5M (revenue +5.4% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.9M, and assets of $2.9M (revenue +2.8% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $3.2M (revenue -2.9% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.4M, and assets of $3.3M (revenue -4.7% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.1M, and assets of $3.0M (revenue +2.3% year-over-year).
- 2012: Revenue of $1.7M, expenses of $833K, and assets of $2.1M (revenue +57.9% year-over-year).
- 2011: Revenue of $1.1M, expenses of $724K, and assets of $1.3M (revenue -13.1% year-over-year).
- 2010: Revenue of $1.2M, expenses of $393K, and assets of $967K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heat & Frost Insulators & Allied Workers Lmc Fund:
Data Sources and Methodology
This transparency report for Heat & Frost Insulators & Allied Workers Lmc Fund 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.