The Bridgeport Firemen's Sick and Death Benefit Association Inc (EIN 060794308) - 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

1916

Legal Domicile

Principal Officer

Louis Santiago

Phone

2033010359

Tax Period

2024-04-01 to 2025-03-31

The Bridgeport Firemen's Sick and Death Benefit Association Inc, founded in 1916, is a micro nonprofit that reported $84K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $237K exceeded revenue, resulting in a 183% operating deficit.

Mission

Membership dues are used solely for the purpose of providing benefits for the Association's members.

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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 $61,621

Program Service Revenue $0

Investment Income $22,228

Other Revenue $0

TOTAL REVENUE $83,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,462

Fundraising Expenses $0

Program Expenses $169,360

Other Expenses $44,342

TOTAL EXPENSES $237,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,849	$89,738	-0.1%
Expenses	$237,164	$285,249	-0.2%
Net Income	$-153,315	$-195,511	-0.2%

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

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

$17,409

Total Directors

$21,630

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Novack	President	5.00	Officer Director	$739	$0	$739
Louis Santiago	Treasurer	15.00	Officer Director	$8,150	$0	$8,150
Dennis Olmstead	Trustee	5.00	Director	$1,407	$0	$1,407
Robert Kostyszyn	Vice President	5.00	Officer Director	$370	$0	$370
Joseph LaChioma	Trustee	5.00	Director	$1,407	$0	$1,407
Joseph McNellis	Trustee	5.00	Director	$1,407	$0	$1,407
Salvatore Emanuel	Secretary	15.00	Officer Director	$8,150	$0	$8,150

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
2025	$83,849	$237,164	$2,353,258	$-153,315
2024	$89,738	$285,249	$2,508,518	$-195,511
2023	$35,163	$221,883	$2,236,664	$-186,720
2022	$81,055	$208,468	$2,567,932	$-127,413
2021	$181,916	$323,682	$2,651,643	$-141,766
2020	$55,144	$194,117	$2,177,980	$-138,973
2019	$103,779	$244,879	$2,501,296	$-141,100
2018	$40,126	$234,471	$2,607,751	$-194,345

The Bridgeport Firemen's Sick and Death Benefit Association Inc