IAFF LOCAL 1605 FOUNDATION INC (EIN 203698085) - 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

2005

Legal Domicile

Principal Officer

GEORGE G FUSCSICK

Tax Period

2023-01-01 to 2023-12-31

IAFF LOCAL 1605 FOUNDATION INC, founded in 2005, is a small nonprofit in the Public Safety sector that reported $496K in total revenue in fiscal year 2023. Revenue surged 281% from the prior year, signaling strong growth momentum. The organization ran a surplus of $383K, a strong 77% operating margin.

Mission

PROMOTE FIRE SAFETY AND FIRE PREVENTION IN WASHINGTON COUNTY MARYLAND AND SURROUNDING COMMUNITY. FUNDRAISING IS CONDUCTED ON AN ANNUAL BASIS TO FUND THE PRIMARY EXEMPT PURPOSE.

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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 $3,200

Program Service Revenue $0

Investment Income $42,113

Other Revenue $450,298

TOTAL REVENUE $495,611

Expense Breakdown

Grants Paid $107,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,854

Other Expenses $5,104

TOTAL EXPENSES $112,854

Year-over-Year Comparison

	2023	2022	Change
Revenue	$495,611	$129,962	+2.8%
Expenses	$112,854	$98,978	+0.1%
Net Income	$382,757	$30,984	+11.4%

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

135

Independent Members

135

Employees

N/A

Volunteers

110

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
JOEY CHOJNACKI	SECRETARY	5.00	Officer	$0	$0	$0
JOHN P MURRAY	PRESIDENT	10.00	Officer	$0	$0	$0
GEORGE G FUSCSICK	TREASURER	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	No data	No data	No data	No data
2023	$495,611	$112,854	$1,944,554	$382,757
2022	$129,962	$98,978	$1,565,496	$30,984
2021	$341,036	$40,996	$1,330,491	$300,040
2020	$391	$56,429	$1,381,397	$-56,038
2019	$197,065	$205,579	$441,932	$-8,514
2018	$270,758	$210,245	$450,446	$60,513

IAFF LOCAL 1605 FOUNDATION INC