IAFF 998 Stratford (EIN 066045695) - 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

1947

Legal Domicile

Principal Officer

Chris Persichilli

Phone

2032758804

Tax Period

2022-05-01 to 2023-04-30

IAFF 998 Stratford, founded in 1947, is a small nonprofit that reported $205K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

The betterment of conditions of those engaged in their occupation as firefighter and provide life, sick, accident and other benefits to 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 (2022)

Revenue Breakdown

Contributions & Grants $203,406

Program Service Revenue $0

Investment Income $1,817

Other Revenue $0

TOTAL REVENUE $205,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,699

Fundraising Expenses $0

Program Expenses $219,771

Other Expenses $138,072

TOTAL EXPENSES $219,771

Year-over-Year Comparison

	2022	2021	Change
Revenue	$205,223	$181,759	+0.1%
Expenses	$219,771	$176,343	+0.2%
Net Income	$-14,548	$5,416	-3.7%

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

N/A

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

$51,456

Total Directors

$51,456

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Michalovic	President	040.00	Officer Director	$24,520	$0	$24,520
Kevin Fagan	Secretary/Treasurer	040.00	Officer Director	$14,782	$0	$14,782
Frank Knapp	Vice President	040.00	Officer Director	$12,154	$0	$12,154

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	No data	No data	No data	No data
2023	$205,223	$219,771	$292,393	$-14,548

IAFF 998 Stratford