Philadelphia Fire Officers Union (EIN 236392173) - 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

1953

Legal Domicile

Principal Officer

Gerald Kershaw

Phone

2156200633

Tax Period

2023-11-01 to 2024-10-31

Philadelphia Fire Officers Union, founded in 1953, is a micro nonprofit that reported $92K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $22K, a strong 24% operating margin.

Mission

REPRESENTATION OF FIRE OFFICERS IN PURSUING LABOR RELATIONS WITH THE CITY OF PHILADELPHIA, ASSISTANCE TO FALLEN FIREFIGHTERS AND THEIR FAMILIES DURING THEIR TIMES OF NEED, FURTHERING CHARITABLE GIVING TO ORGANIZATIONS,

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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 $77,810

Program Service Revenue $0

Investment Income $2,321

Other Revenue $12,363

TOTAL REVENUE $92,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,400

Fundraising Expenses $0

Other Expenses $40,153

TOTAL EXPENSES $70,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,494	$82,351	+0.1%
Expenses	$70,201	$79,229	-0.1%
Net Income	$22,293	$3,122	+6.1%

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

N/A

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

$20,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Bofinger	President	20.00	Officer	$6,600	$0	$6,600
Kevin Donahue	Vice President	20.00	Officer	$3,000	$0	$3,000
Gerald Kershaw	Treasurer	20.00	Officer	$4,800	$0	$4,800
Stephen Jenkins	Secretary	20.00	Officer	$2,400	$0	$2,400
Miscellaneous	Trustees under $600	20.00	Officer	$3,600	$0	$3,600

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	$92,494	$70,201	$177,760	$22,293
2023	$82,351	$79,229	$155,132	$3,122
2022	$63,906	$67,819	$159,555	$-3,913
2021	$70,021	$72,180	$163,518	$-2,159
2020	$64,496	$72,395	$157,609	$-7,899

Philadelphia Fire Officers Union