HONOR EMERGENCY FUND OF THE FIRE DEPARTMENT OF THE CITY OF NEW YORK (EIN 111969467) - 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

1953

Legal Domicile

Principal Officer

KRISTEN HARTMAN

Phone

7189992531

Tax Period

2023-09-01 to 2024-08-31

HONOR EMERGENCY FUND OF THE FIRE DEPARTMENT OF THE CITY OF NEW YORK, founded in 1953, is a small nonprofit in the Mutual Benefit sector that reported $888K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE HEALTH, MEDICAL AND COUNSELING SERVICES TO ACTIVE AND RETIRED MEMBERS OF THE FIRE DEPARTMENT OF THE CITY OF NEW YORK.

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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 (2023)

Revenue Breakdown

Contributions & Grants $96,438

Program Service Revenue $0

Investment Income $791,391

Other Revenue $0

TOTAL REVENUE $887,829

Expense Breakdown

Grants Paid $618,877

Salaries & Benefits $235,542

Fundraising Expenses $0

Program Expenses $618,877

Other Expenses $184,546

TOTAL EXPENSES $1,038,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$887,829	$969,656	-0.1%
Expenses	$1,038,965	$816,070	+0.3%
Net Income	$-151,136	$153,586	-2.0%

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

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

$126,589

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA KAVANAGH	CHAIRPERSON, THRU JUNE 2024	0.50	Officer Director	$0	$0	$0
ROBERT TUCKER	CHAIRPERSON, EFF. AUGUST 2024	0.50	Officer Director	$0	$0	$0
WILLIAM B NORDEN	1ST VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
ARTHUR M DELMHORST	2ND VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
JOHN ESPOSITO	TREASURER	0.50	Officer Director	$0	$0	$0
JOHN HODGENS	TREASURER, THRU JUNE 2024	0.50	Officer Director	$0	$0	$0
NIKOLAOS A ALEXANDROU	TRUSTEE	0.25	Director	$0	$0	$0
VINCENT BERNA	TRUSTEE	0.25	Director	$0	$0	$0
JAMES BLOW	TRUSTEE	0.25	Director	$0	$0	$0
JOSEPH CAVARRETTA	TRUSTEE	0.25	Director	$0	$0	$0
BRIAN COLLIER	TRUSTEE, THRU JUNE 2024	0.25	Director	$0	$0	$0
FRANK FLORIDIA	TRUSTEE	0.25	Director	$0	$0	$0
DOROTHY MARKS	TRUSTEE	0.25	Director	$0	$0	$0
TYEISHA PUGH	TRUSTEE	0.25	Director	$0	$0	$0
KEVIN WOODS	TRUSTEE	0.25	Director	$0	$0	$0
KRISTEN HARTMAN LMSW	EXECUTIVE DIRECTOR	40.00	Officer	$107,500	$19,089	$126,589

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	$887,829	$1,038,965	$26,092,376	$-151,136
2023	$969,656	$816,070	$22,476,570	$153,586
2022	$1,324,164	$1,127,729	$20,860,548	$196,435
2021	$1,596,751	$1,030,827	$25,121,484	$565,924
2020	$1,149,903	$904,694	$21,112,873	$245,209
2019	$1,395,186	$900,153	$19,468,768	$495,033
2018	$1,178,237	$1,050,961	$20,027,756	$127,276

HONOR EMERGENCY FUND OF THE FIRE DEPARTMENT OF THE CITY OF NEW YORK