FIRE SERVICES TRAINING INSTITUTE

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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

2006

Legal Domicile

Principal Officer

MICHAEL WILLIAMS

Phone

8054481422

Tax Period

2024-01-01 to 2024-12-31

FIRE SERVICES TRAINING INSTITUTE, founded in 2006, is a small nonprofit in the Public Safety sector that reported $172K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $328K exceeded revenue, resulting in a 91% operating deficit.

Mission

TO PROVIDE QUALITY FIRE TRAINING AND PROMOTE FIRE AND FIREFIGHTER SAFETY

Program Service Accomplishments

Program 1

Expenses: $240,084 Revenue: $133,261

PROGRAMS TO MAKE QUALITY FIRE SERVICE TRAINING AFFORDABLE AND EASILY AVAILABLE TO THE COMMUNITY

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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 $36,091

Program Service Revenue $133,261

Investment Income $177

Other Revenue $2,715

TOTAL REVENUE $172,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,589

Fundraising Expenses $0

Program Expenses $240,084

Other Expenses $303,779

TOTAL EXPENSES $328,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,244	$1,119,627	-0.8%
Expenses	$328,368	$1,100,284	-0.7%
Net Income	$-156,124	$19,343	-9.1%

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

$22,640

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WILLIAMS	Executive Dir.	40.00	Officer Director	$20,000	$0	$20,000
TOYA AYALA	Treasurer	2.00	Officer	$2,640	$0	$2,640
KEVIN NIDA	Director	1.00	Director	$0	$0	$0
WILLIAM TEIE	Director	1.00	Director	$0	$0	$0
JERRY DAVIES	Director	1.00	Director	$0	$0	$0
SAMUEL NADER MENA	Director	1.00	Director	$0	$0	$0
BARBARA ANDERSEN	Director	1.00	Director	$0	$0	$0
BRIAN WOODBECK	Director	1.00	Director	$0	$0	$0
PAMELA EPPOLITO	Secretary	1.00	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	$172,244	$328,368	$129,089	$-156,124
2023	$1,119,627	$1,100,284	$299,466	$19,343
2022	$179,562	$287,052	$260,849	$-107,490
2021	$3,786,221	$3,131,153	$1,061,522	$655,068
2020	$715,401	$1,385,323	$202,883	$-669,922
2019	$530,880	$324,874	$275,267	$206,006
2018	$214,959	$224,065	$48,397	$-9,106