FUNKSTOWN, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
ORGANIZATION RAISES FUNDS TO SUPPORT FIRE PREVENTION AND SAFETY ORGANIZATIONS PRIMARILY IN WASHINGTON COUNTY MARYLAND. PROVIDED FUNDING AND SUPPORT TO OVER 13 VOLUNTEER FIRE COMPANIES IN WASHINGTON...
ORGANIZATION RAISES FUNDS TO SUPPORT FIRE PREVENTION AND SAFETY ORGANIZATIONS PRIMARILY IN WASHINGTON COUNTY MARYLAND. PROVIDED FUNDING AND SUPPORT TO OVER 13 VOLUNTEER FIRE COMPANIES IN WASHINGTON COUNTY, ASSISTING OVER 38,000 RESIDENTS. ASSISTED WITH SMOKE DETECTOR AND FIRE PREVENTION CAMPAIGN. MONEY WAS RAISED FROM ANNUAL FUNDRAISER, CONDUCTED BY MEMBERS OF FOUNDATION AND SURROUNDING NON-PROFIT IRS SEC. 501(C)(3) FIRE COMPANIES. NO OUTSIDE CONTRACTOR OR COMPANY IS PAID FOR ANY CARNIVAL TYPE GAMING ACTIVITY. ALL GAMING IS REGULATED BY THE WASHINGTON COUNTY GAMING COMMISSION AND ALL PROCEEDS BENEFIT THE CHARITABLE PURPOSE OF THE FOUNDATION. NO SALARIES ARE RECEIVED BY ANY PERSON, ALL ACTIVITY IS CONDUCTED ON A VOLUNTEER BASIS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare IAFF LOCAL 1605 FOUNDATION INC with other nonprofits in Maryland and across the country.