MIAMI ASSOCIATION OF FIREFIGHTERS HEALTH BENEFIT TRUST (EIN 036100362) - 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

2003

Legal Domicile

Principal Officer

DANIELL PUENTES

Phone

3056333442

Tax Period

2024-01-01 to 2024-12-31

MIAMI ASSOCIATION OF FIREFIGHTERS HEALTH BENEFIT TRUST, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 67% operating margin.

Mission

THE PURPOSE OF THE TRUST FUND IS TO PROVIDE HEALTH PREMIUM INSURANCE REIMBURSEMENT BENEFITS AND OTHER QUALIFIED HEALTH CARE EXPENDITURES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,189,023

Investment Income $345,357

Other Revenue $0

TOTAL REVENUE $1,534,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $68,929

TOTAL EXPENSES $511,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,534,380	$1,006,070	+0.5%
Expenses	$511,090	$473,789	+0.1%
Net Income	$1,023,290	$532,281	+0.9%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS STEIN	TRUSTEE/CHAI	2.00	Officer Director	$0	$0	$0
DANIELL PUENTES	ADMINISTRATO	4.00	Officer Director	$0	$0	$0
PETE SAAVEDRA	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
CHRIS DAIZ	TRUSTEE	2.00	Director	$0	$0	$0
ABRAHAM MORALES	TRUSTEE	2.00	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
2024	$1,534,380	$511,090	$9,595,968	$1,023,290
2023	$1,006,070	$473,789	$8,508,160	$532,281
2022	$687,378	$469,682	$7,720,906	$217,696
2021	$585,175	$632,538	$8,426,122	$-47,363
2020	$413,936	$659,321	$8,532,967	$-245,385
2019	$531,316	$826,109	$8,384,507	$-294,793
2018	$576,603	$1,230,975	$8,142,883	$-654,372

MIAMI ASSOCIATION OF FIREFIGHTERS HEALTH BENEFIT TRUST