FIRE FIGHTERS OF BOCA RATON RETIREE INSURANCE TRUST FUND (EIN 204998355) - 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

DAN VAUDO

Phone

5613680282

Tax Period

2023-10-01 to 2024-09-30

FIRE FIGHTERS OF BOCA RATON RETIREE INSURANCE TRUST FUND, founded in 2005, is a community nonprofit in the Mutual Benefit sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $563K, a strong 46% operating margin.

Mission

THE FUND PROVIDES MEDICAL AND HEALTH BENEFITS TO FIREFIGHTERS RETIRED FROM THE CITY OF BOCA RATON, FLORIDA

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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 $0

Program Service Revenue $904,755

Investment Income $331,941

Other Revenue $0

TOTAL REVENUE $1,236,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,501

Fundraising Expenses $0

Other Expenses $103,790

TOTAL EXPENSES $673,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,236,696	$947,064	+0.3%
Expenses	$673,207	$679,983	0.0%
Net Income	$563,489	$267,081	+1.1%

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

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN VAUDO	CHAIRMAN	5.00	Director	$6,000	$0	$6,000
ROBERT BATISTA	TRUSTEE	N/A	Director	$0	$0	$0
TORY BUCKMAN	TRUSTEE	N/A	Director	$0	$0	$0
DAVID EDDINGER	TRUSTEE	N/A	Director	$0	$0	$0
THOMAS GIDDINGS	TRUSTEE	N/A	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	$1,236,696	$673,207	$11,162,222	$563,489
2023	$947,064	$679,983	$8,688,553	$267,081
2022	$2,664,637	$608,532	$7,312,475	$2,056,105
2021	$1,187,129	$540,528	$8,905,388	$646,601
2020	$804,343	$512,677	$7,380,041	$291,666
2018	$727,493	$405,559	$6,187,690	$321,934

FIRE FIGHTERS OF BOCA RATON RETIREE INSURANCE TRUST FUND