W PALM BEACH ASSOC OF FIREFIGHTERS RETIREE HEALTH BENEFIT FUND TR

EIN: 161628464

WEST PALM BEACH, FL

Total Revenue
$1,205,435
Total Expenses
$702,812
Total Assets
$14,348,590
Net Assets
$14,343,426
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
FL
Principal Officer
THOMAS WESOLEK
Phone
5616249110
Tax Period
2024-04-01 to 2025-03-31

W PALM BEACH ASSOC OF FIREFIGHTERS RETIREE HEALTH BENEFIT FUND TR, founded in 2002, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $503K, a strong 42% operating margin.

Mission

THE FUND PAYS FOR OR PROVIDES FULL OR PARTIAL HEALTH INSURANCE PREMIUMS AND MEDICAL EXPENSE REIMBURSEMENTS, REIMBURSEMENTS OF UNINSURED MEDICAL EXPENSES, BURIAL BENEFITS, CHILDCARE EXPENSES, SICK AND VACATION PAY, HOUSING ASSISTANCE, DISASTER RELIEF, EDUCATION AND TRAINING.

Program Service Accomplishments

Program 1

THE PURPOSE OF THE PLAN IS TO PROVIDE FULL OR PARTIAL REIMBURSEMENT FOR HEALTH INSURANCE PREMIUMS OR OTHER QUALIFIED MEDICAL BENEFITS TO RETIRED CITY FIREFIGHTERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $867,543
Investment Income $337,892
Other Revenue $0
TOTAL REVENUE $1,205,435

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,598
Fundraising Expenses $0
Other Expenses $45,810
TOTAL EXPENSES $702,812

Year-over-Year Comparison

2024 2023 Change
Revenue $1,205,435 $1,092,746 +0.1%
Expenses $702,812 $657,203 +0.1%
Net Income $502,623 $435,543 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
6
Employees
2
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
0
$0
Total Directors
7
$1,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS WESOLEK TRUSTEE 20.00
Director
$1,200 $0 $1,200
RICK DOREY TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW KELLER TRUSTEE 1.00
Director
$0 $0 $0
BRIAN LAMB TRUSTEE 1.00
Director
$0 $0 $0
DIANA MATTY TRUSTEE 1.00
Director
$0 $0 $0
RICK MCCONNELL TRUSTEE 1.00
Director
$0 $0 $0
BRIDGETT SOUFFRANT TRUSTEE 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
2025 $638,507 $390,747 $16,680,180 $247,760
2025 $1,205,435 $702,812 $14,348,590 $502,623
2024 $1,092,746 $657,203 $13,290,111 $435,543
2023 $1,013,372 $629,100 $11,018,614 $384,272
2022 $828,285 $575,845 $11,719,919 $252,440
2021 $1,129,120 $537,801 $11,144,994 $591,319
2020 $673,096 $524,993 $7,932,984 $148,103
2019 $603,538 $485,345 $8,440,344 $118,193
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare W PALM BEACH ASSOC OF FIREFIGHTERS RETIREE HEALTH BENEFIT FUND TR with other nonprofits in Florida and across the country.