THE LEARY FIREFIGHTERS FOUNDATION C/O INNOVATIVE PHILANTHROPY (EIN 134125074) - 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

2000

Legal Domicile

Principal Officer

RONALD NASH

Phone

2128671117

Tax Period

2023-01-01 to 2023-12-31

THE LEARY FIREFIGHTERS FOUNDATION C/O INNOVATIVE PHILANTHROPY, founded in 2000, is a small nonprofit in the Public Safety sector that reported $548K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 130% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO PROVIDE FUNDING AND RESOURCES FOR FIRE DEPARTMENTS TO OBTAIN THE HIGHEST LEVEL OF EQUIPMENT, TECHNOLOGY AND TRAINING.

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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 $489,527

Program Service Revenue $0

Investment Income $58,112

Other Revenue $0

TOTAL REVENUE $547,639

Expense Breakdown

Grants Paid $705,808

Salaries & Benefits $0

Fundraising Expenses $149,475

Program Expenses $942,895

Other Expenses $519,088

TOTAL EXPENSES $1,257,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$547,639	$943,276	-0.4%
Expenses	$1,257,605	$1,465,853	-0.1%
Net Income	$-709,966	$-522,577	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENIS LEARY	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID MORKAL	SECRETARY	1.00	Officer Director	$0	$0	$0
RONALD NASH	TREASURER	1.00	Officer Director	$0	$0	$0
MARK BEZOS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
RACHAEL RAY	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA MCDEVITT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL FERDMAN	DIRECTOR	1.00	Director	$0	$0	$0

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	$547,639	$1,257,605	$5,712,024	$-709,966
2022	$943,276	$1,465,853	$6,126,842	$-522,577
2021	$5,138,431	$1,910,367	$7,496,522	$3,228,064
2020	$614,272	$918,363	$3,151,629	$-304,091
2019	$567,635	$803,566	$3,016,909	$-235,931
2018	$3,570,452	$653,466	$3,145,015	$2,916,986

THE LEARY FIREFIGHTERS FOUNDATION C/O INNOVATIVE PHILANTHROPY