INTERNATIONAL ASSOCIATION OF FIREFIGHTERS - LOCAL 1588

EIN: 116079304

GARDEN CITY, NY

Total Revenue
$1,288
Total Expenses
$21,834
Total Assets
$95,709
Net Assets
$95,709
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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
1965
Legal Domicile
NY
Principal Officer
THOMAS MICHON
Phone
5167461301
Tax Period
2019-01-01 to 2019-12-31

INTERNATIONAL ASSOCIATION OF FIREFIGHTERS - LOCAL 1588, founded in 1965, is a micro nonprofit that reported $1K in total revenue in fiscal year 2019. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $22K exceeded revenue, resulting in a 1595% operating deficit.

Mission

REPRESENTATION OF 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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $915
Program Service Revenue $0
Investment Income $0
Other Revenue $373
TOTAL REVENUE $1,288

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,700
Fundraising Expenses $0
Program Expenses $6,550
Other Expenses $18,134
TOTAL EXPENSES $21,834

Year-over-Year Comparison

2019 2018 Change
Revenue $1,288 $62,593 -1.0%
Expenses $21,834 $152,218 -0.9%
Net Income $-20,546 $-89,625 -0.8%
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

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Governance

Voting Members
3
Independent Members
N/A
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
3
$3,600
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS MICHON PRESIDENT 25.00
Officer
$1,200 $0 $1,200
MICHAEL MORGAN VICE PRESIDENT 10.00
Officer
$1,200 $0 $1,200
VINCENT DIBONA TREASURER 10.00
Officer
$1,200 $0 $1,200
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
2019 $1,288 $21,834 $95,709 $-20,546
2018 $62,593 $152,218 $116,255 $-89,625
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