MUTUAL AID ASSOCIATION INC LOCAL 628 IAFF GENERAL FUND (EIN 136208802) - 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

1970

Legal Domicile

Principal Officer

STEPHEN PHILP

Phone

9144761200

Tax Period

2024-01-01 to 2024-12-31

MUTUAL AID ASSOCIATION INC LOCAL 628 IAFF GENERAL FUND, founded in 1970, is a small nonprofit that reported $921K in total revenue in fiscal year 2024. Expenses of $864K left a modest 6% surplus.

Mission

ORGANIZATION OPERATES AS A UNION ORGANIZATION.

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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 $591,787

Program Service Revenue $0

Investment Income $43,567

Other Revenue $286,055

TOTAL REVENUE $921,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $328,193

Fundraising Expenses $0

Other Expenses $536,156

TOTAL EXPENSES $864,349

Year-over-Year Comparison

	2024	2023	Change
Revenue	$921,409	$857,172	+0.1%
Expenses	$864,349	$837,312	+0.0%
Net Income	$57,060	$19,860	+1.9%

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

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

$69,513

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN PHILP	PRESIDENT	45.00	Officer	$26,570	$0	$26,570
KEVIN TEAGUE	TREASURER	20.00	Officer	$23,579	$0	$23,579
KEVIN KUDELKA	RECORDING SE	15.00	Officer	$19,364	$0	$19,364
ANTHONY ROSSINI	TRUSTEE	10.00	Director	$0	$0	$0
LOUIS VELLUCCI	TRUSTEE	10.00	Director	$0	$0	$0
RYAN WASYLENKO	TRUSTEE	10.00	Director	$0	$0	$0
ADRIAN GALLAGHER	FINANCIAL SE	15.00	Officer	$0	$0	$0
KEITH PIRSALL	VICE PRESIDE	15.00	Officer	$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	$921,409	$864,349	$1,487,500	$57,060
2023	$857,172	$837,312	$1,429,738	$19,860
2022	$997,088	$876,280	$1,409,385	$120,808
2021	$934,566	$839,226	$1,286,250	$95,340
2020	$849,016	$756,476	$1,145,007	$92,540
2019	$787,850	$846,984	$997,360	$-59,134
2018	$750,005	$811,424	$1,019,040	$-61,419

MUTUAL AID ASSOCIATION INC LOCAL 628 IAFF GENERAL FUND