ROCHESTER FIREFIGHTERS BENEVOLENT ASSOCIATION TRUST FUND (EIN 166446778) - 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

1996

Legal Domicile

Principal Officer

DEVON STEDGE

Phone

5853254949

Tax Period

2024-01-01 to 2024-12-31

ROCHESTER FIREFIGHTERS BENEVOLENT ASSOCIATION TRUST FUND, founded in 1996, is a small nonprofit that reported $199K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $325K exceeded revenue, resulting in a 63% operating deficit.

Mission

TO PROVIDE DEATH BENEFITS TO RETIRED ROCHESTER FIREFIGHTERS.

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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 $0

Program Service Revenue $0

Investment Income $199,369

Other Revenue $0

TOTAL REVENUE $199,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $31,710

TOTAL EXPENSES $325,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$199,369	$217,545	-0.1%
Expenses	$325,210	$254,974	+0.3%
Net Income	$-125,841	$-37,429	+2.4%

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

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
DEVON STEDGE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JIM JOHNSTONE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
STEVE STANKOVSKI	TREASURER	5.00	Officer Director	$0	$0	$0
DAVID YIANNAKOS	SECRETARY	5.00	Officer Director	$0	$0	$0
JEFF GRIGGS	ASSISTANT TREASURER	5.00	Officer 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	$199,369	$325,210	$6,359,606	$-125,841
2023	$217,545	$254,974	$6,056,976	$-37,429
2022	$516,114	$244,735	$5,533,517	$271,379
2021	$412,319	$297,126	$5,161,254	$115,193
2020	$-123,781	$307,606	$5,054,142	$-431,387
2019	$335,398	$317,770	$5,485,529	$17,628
2018	$566,373	$380,608	$5,467,901	$185,765

ROCHESTER FIREFIGHTERS BENEVOLENT ASSOCIATION TRUST FUND