NEW YORK CITY BRAVEST SCHOLARSHIP FUND FUND C/O UNIFORMED FIRE OFFICERS ASSOC (EIN 134055458) - 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

1999

Legal Domicile

Principal Officer

JAMES BROSI PRESIDENT

Phone

2122939300

Tax Period

2024-01-01 to 2024-12-31

NEW YORK CITY BRAVEST SCHOLARSHIP FUND FUND C/O UNIFORMED FIRE OFFICERS ASSOC, founded in 1999, is a small nonprofit in the Education sector that reported $571K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $264K, a strong 46% operating margin.

Mission

THE FUND WAS ESTABLISHED TO PROVIDE SCHOLARSHIP AND RELATED ECONOMIC ASSISTANCE TO THE FAMILIES OF FIRE OFFICERS AND FIREFIGHTERS OF THE CITY OF NEW YORK FIRE DEPARTMENT WHO HAVE DIED OR BECOME SERIOUSLY DISABLED WHILE IN SERVICE TO THE PEOPLE OF 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 (2024)

Revenue Breakdown

Contributions & Grants $188,381

Program Service Revenue $3,977

Investment Income $141,299

Other Revenue $237,559

TOTAL REVENUE $571,216

Expense Breakdown

Grants Paid $249,458

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $296,394

Other Expenses $57,772

TOTAL EXPENSES $307,230

Year-over-Year Comparison

	2024	2023	Change
Revenue	$571,216	$739,879	-0.2%
Expenses	$307,230	$299,068	+0.0%
Net Income	$263,986	$440,811	-0.4%

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

N/A

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

$674,955

Total Directors

$997,860

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BROSI	PRESIDENT	1.00	Officer Director	$0	$9,606	$129,682
MICHAEL TRACEY	VICE PRESIDENT	1.00	Officer Director	$0	$7,696	$103,900
CHRISTOPHER JENSEN	VICE PRESIDENT THRU 12/31/2024	1.00	Officer Director	$0	$7,826	$105,652
THOMAS REILLY	TREASURER THRU 08/31/2024	1.00	Officer Director	$0	$5,379	$72,616
BRIAN CONCANNON	TREASURER	1.00	Officer Director	$0	$7,953	$107,357
JOHN SPILLANE	RECORDING SECRETARY	1.00	Officer Director	$0	$3,385	$45,692
JASON RIGOLI	FINANCIAL SECRETARY	1.00	Officer Director	$0	$8,152	$110,056
LIAM GUILFOYLE	CAPTAINS REPRESENTATIVE	1.00	Director	$0	$7,896	$106,600
SEAN MICHAEL	CHIEFS REPRESENTATIVE	1.00	Director	$0	$8,002	$108,031
JOSEPH CAMASTRO	LIEUTENANTS REPRESENTATIVE	1.00	Director	$0	$8,020	$108,274

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	$571,216	$307,230	$4,551,499	$263,986
2023	$739,879	$299,068	$4,096,505	$440,811
2022	$421,325	$344,198	$3,392,686	$77,127
2021	$327,709	$210,767	$3,767,412	$116,942
2020	$398,640	$204,495	$3,541,166	$194,145
2019	$352,847	$222,468	$3,136,971	$130,379
2018	$344,996	$279,837	$2,750,241	$65,159

NEW YORK CITY BRAVEST SCHOLARSHIP FUND FUND C/O UNIFORMED FIRE OFFICERS ASSOC