INTERNATIONAL ASSOCIATION OF FIREFIGHTERS LOCAL 48

EIN: 237035246

CINCINNATI, OH

Total Revenue
$845,205
Total Expenses
$818,069
Total Assets
$1,308,089
Net Assets
$1,305,140
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
OH
Principal Officer
TIM KLOEPFER
Phone
5132413541
Tax Period
2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF FIREFIGHTERS LOCAL 48, founded in 1936, is a small nonprofit that reported $845K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $818K left a modest 3% surplus.

Mission

THIS ORGANIZATION IS DEDICATED TO PROMOTING & PROTECTING THE INTERESTS OF PROFESSIONAL FIREFIGHTERS WORKING FOR CINCINNATI, OHIO, E.G. TRAINING, FELLOWSHIP, WORKERS COMP INSURANCE ASSISTANCE, REPRESENTATION IN LABOR NEGOTIATIONS,GRIEVANCES, ETC.

Program Service Accomplishments

Program 1

THE UNION COLLECTS DUES FROM ITS 857 MEMBERS, A PORTION OF WHICH IS PASSED ON TO ITS STATE & NATIONAL AFFILIATES FOR SUPPORT & INFORMATION REGARDING ISSUES IMPORTANT TO THE MEMBERSHIP, e.g. THE...

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THE UNION COLLECTS DUES FROM ITS 857 MEMBERS, A PORTION OF WHICH IS PASSED ON TO ITS STATE & NATIONAL AFFILIATES FOR SUPPORT & INFORMATION REGARDING ISSUES IMPORTANT TO THE MEMBERSHIP, e.g. THE LATEST FIREFIGHTING TECHNIQUES & EQUIPMENT, INFORMATION ON CURRENT LEGISLATIVE ISSUES AFFECTING FIREFIGHTERS, INFORMATION ON WHAT OTHER LOCALS ARE DOING AND ACCOMPLISHING IN NEGOTIATIONS, HEALTH & SAFETY, WORKERS COMPENSATION, ETC. THE STATE & LOCAL AFFILIATES ALSO REPRESENT THE INTERESTS OF THE LOCAL'S MEMBERS TO GOVERNMENTS AT THEIR LEVEL.

Program 2

THE ORGANIZATION OWNS & MAINTAINS A FACILITY THAT INCLUDES A MEETING HALL AND OFFICES TO MEET WITH MEMBERS AND CARRY ON THE BUSINESS OF THE UNION.

Program 3

THE ORGANIZATION SPONSORS A BENEVOLENT PROGRAM FOR THOSE MEMBERS WHO CHOSE TO PARTICIPATE. PARTICIPANTS PAY INTO THE PROGRAM THROUGH VOLUNTARY PAYROLL DEDUCTION AND RECEIVE AN ACCUMULATED BENEFIT AT...

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THE ORGANIZATION SPONSORS A BENEVOLENT PROGRAM FOR THOSE MEMBERS WHO CHOSE TO PARTICIPATE. PARTICIPANTS PAY INTO THE PROGRAM THROUGH VOLUNTARY PAYROLL DEDUCTION AND RECEIVE AN ACCUMULATED BENEFIT AT RETIREMENT. THIS YEAR 33 RETIRING MEMBERS BENEFITED FROM THIS PROGRAM.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $35,464
Program Service Revenue $783,837
Investment Income $10,041
Other Revenue $15,863
TOTAL REVENUE $845,205

Expense Breakdown

Grants Paid $11,103
Salaries & Benefits $140,768
Fundraising Expenses $0
Other Expenses $596,898
TOTAL EXPENSES $818,069

Year-over-Year Comparison

2023 2022 Change
Revenue $845,205 $776,537 +0.1%
Expenses $818,069 $757,779 +0.1%
Net Income $27,136 $18,758 +0.4%
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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Governance

Voting Members
5
Independent Members
N/A
Employees
7
Volunteers
27

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
5
$96,658
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT R ALTER PRESIDENT 40.0
Officer
$24,660 $0 $24,660
TIMOTHY KLOEPFER TREASURER 30.0
Officer
$20,323 $0 $20,323
DAVID JOHNSON 1ST V.P. 20.0
Officer
$17,225 $0 $17,225
THOMAS C DONOVAN 2ND V.P. 20.0
Officer
$17,225 $0 $17,225
JOSEPH ELLIOTT SECRETARY 20.0
Officer
$17,225 $0 $17,225
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 $845,205 $818,069 $1,308,089 $27,136
2022 $776,537 $757,779 $1,285,241 $18,758
2021 $723,104 $687,226 $1,262,571 $35,878
2020 $718,189 $596,480 $1,225,629 $121,709
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