W PALM BEACH ASSOC OF FIREFIGHTERS RETIREE HEALTH BENEFIT FUND TR (EIN 161628464) - 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

2002

Legal Domicile

Principal Officer

THOMAS WESOLEK

Phone

5616249110

Tax Period

2025-04-01 to 2025-09-30

W PALM BEACH ASSOC OF FIREFIGHTERS RETIREE HEALTH BENEFIT FUND TR, founded in 2002, is a small nonprofit that reported $639K in total revenue in fiscal year 2025. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $248K, a strong 39% 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.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $461,786

Investment Income $176,721

Other Revenue $0

TOTAL REVENUE $638,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,833

Fundraising Expenses $0

Other Expenses $20,796

TOTAL EXPENSES $390,747

Year-over-Year Comparison

	2025	2024	Change
Revenue	$638,507	$1,205,435	-0.5%
Expenses	$390,747	$702,812	-0.4%
Net Income	$247,760	$502,623	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS WESOLEK	TRUSTEE	20.00	Director	$0	$0	$0
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

W PALM BEACH ASSOC OF FIREFIGHTERS RETIREE HEALTH BENEFIT FUND TR