INTERNATIONAL ASSOCIATION OF FIREFIGHTERS LOCAL 863 (EIN 042721979) - 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

1935

Legal Domicile

Principal Officer

RONALD J FREMAULT JR

Phone

6172442759

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL ASSOCIATION OF FIREFIGHTERS LOCAL 863, founded in 1935, is a small nonprofit that reported $544K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $513K left a modest 6% surplus.

Mission

TO PROVIDE RETIREMENT BENEFITS TO UNION MEMBERS AND COLLEGE SCHOLARSHIPS TO FAMILY MEMBERS OF UNION MEMBERS AND AFFILIATES

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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 $429,585

Program Service Revenue $0

Investment Income $114,017

Other Revenue $0

TOTAL REVENUE $543,602

Expense Breakdown

Grants Paid $65,000

Salaries & Benefits $0

Fundraising Expenses $89,069

Program Expenses $173,792

Other Expenses $395,777

TOTAL EXPENSES $513,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$543,602	$444,619	+0.2%
Expenses	$513,037	$543,892	-0.1%
Net Income	$30,565	$-99,273	-1.3%

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
BRENDAN ROONEY	BOARD MEMBER	20.00	Director	$0	$0	$0
JOE FIORE	BOARD MEMBER	20.00	Director	$0	$0	$0
MARK O'HARE	BOARD MEMBER	20.00	Director	$0	$0	$0
MATT PACHECO	BOARD MEMBER	20.00	Director	$0	$0	$0
JAY ROAN	BOARD MEMBER	20.00	Director	$0	$0	$0
MATT ZAGMAI	BOARD MEMBER	20.00	Director	$0	$0	$0
JOE PINE	BOARD MEMBER	20.00	Director	$0	$0	$0
BRIAN MERRILL	SECRETARY	20.00	Officer	$0	$0	$0
RON FREMAULT	TREASURER	20.00	Officer	$0	$0	$0
PHIL MCCULLY	PRESIDENT	20.00	Officer	$0	$0	$0
JOE YERARDI	VICE PRESIDENT	20.00	Officer	$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	$543,602	$513,037	$1,261,398	$30,565
2023	$444,619	$543,892	$1,228,251	$-99,273
2023	$457,563	$520,007	$1,262,093	$-62,444
2022	$499,621	$445,742	$1,217,585	$53,879
2022	$480,016	$441,793	$1,197,979	$38,223
2021	$568,294	$425,923	$1,270,590	$142,371
2021	$559,028	$347,615	$1,328,727	$211,413
2020	$464,781	$350,819	$1,091,943	$113,962
2019	$555,331	$460,568	$965,070	$94,763
2018	$455,357	$425,204	$859,994	$30,153

INTERNATIONAL ASSOCIATION OF FIREFIGHTERS LOCAL 863