INTERNATIONAL ASSOC OF FIREFIGHTERS LOCAL 854 (EIN 131921165) - 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

1930

Legal Domicile

Principal Officer

JAMES BROSI- PRES

Phone

2122939300

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOC OF FIREFIGHTERS LOCAL 854, founded in 1930, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2023. The organization ran a surplus of $1.3M, a strong 16% operating margin.

Mission

THE ORGANIZATION WAS ESTABLISHED TO FURTHER THE INTERESTS OF ITS MEMBERSHIP BY SEEKING IMPROVED TERMS AND CONDITIONS OF EMPLOYMENT, TO RENDER MORAL AND MATERIAL AID TO MEMBERS AS NEEDED, TO PROVIDE REPRESENTATION AND/OR COUNSEL IN LEGAL PROCEEDINGS, AND TO PROMOTE SOCIAL AND FRATERNAL ACTIVITIES.

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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 $63,452

Program Service Revenue $7,155,317

Investment Income $678,641

Other Revenue $137,293

TOTAL REVENUE $8,034,703

Expense Breakdown

Grants Paid $154,302

Salaries & Benefits $1,397,568

Fundraising Expenses $0

Other Expenses $1,724,218

TOTAL EXPENSES $6,763,784

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,034,703	$7,671,816	+0.0%
Expenses	$6,763,784	$6,607,206	+0.0%
Net Income	$1,270,919	$1,064,610	+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

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

$760,036

Total Directors

$991,799

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MCCARTHY	PRESIDENT- RESIGN 9/1/23	40.00	Officer Director	$78,344	$19,586	$97,930
GEORGE FARINACCI	VICE PRES-RESIGN 9/1/23	40.00	Officer Director	$65,386	$2,615	$68,001
JAMES BROSI	PRESIDENT- START 9/1/23	40.00	Officer Director	$103,339	$22,145	$125,484
LIAM GUILFOYLE	CAPTAIN'S PENSION TRUSTEE	40.00	Director	$97,117	$0	$97,117
CHRISTOPHER JENSEN	VICE PRES-START 9/1/23	40.00	Officer Director	$97,117	$0	$97,117
MICHAEL ZOFCHAK	TREASURER- RESIGN 9/1/23	40.00	Officer Director	$70,419	$0	$70,419
JASON RIGOLI	FINANCIAL SEC-START 9/1/23	40.00	Officer Director	$96,859	$7,749	$104,608
THOMAS REILLY	TREASURER-START 9/1/23	40.00	Officer Director	$96,859	$30,000	$126,859
SEAN MICHAEL	CHIEFS REP- START 9/1/23	40.00	Director	$93,924	$4,696	$98,620
MICHAEL TRACEY	RECORDING SEC-START 9/1/23	40.00	Officer Director	$33,431	$648	$34,079
JOSEPH CAMASTRO	LT REP- START 9/1/23	40.00	Director	$32,751	$3,275	$36,026
BRIAN CONCANNON	SGT AT ARMS- START 9/1/23	40.00	Officer Director	$31,731	$3,808	$35,539

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	No data	No data	No data	No data
2023	$8,034,703	$6,763,784	$31,120,210	$1,270,919
2022	$7,671,816	$6,607,206	$28,144,282	$1,064,610
2021	$7,764,455	$5,762,747	$28,756,578	$2,001,708
2020	$7,575,409	$5,584,840	$26,816,394	$1,990,569
2019	$7,390,877	$6,162,762	$24,357,041	$1,228,115
2018	$7,399,038	$6,032,499	$22,661,834	$1,366,539

INTERNATIONAL ASSOC OF FIREFIGHTERS LOCAL 854