INTERNATIONAL ASSOCIATION OF FIRE FIGHTERS LOCAL 68 NORFOLK (EIN 237222081) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

MARK OLD

Phone

7576211111

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL ASSOCIATION OF FIRE FIGHTERS LOCAL 68 NORFOLK, founded in 1972, is a small nonprofit that reported $213K in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 31% operating margin.

Mission

PROVIDING REPRESENTATION TO NORFOLK FIREFIGHTERS RELATIVE TO SAFETY, WELFARE, COMPENSATION, AND LEGAL RIGHTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,895

Program Service Revenue $142,534

Investment Income $50,195

Other Revenue $18,007

TOTAL REVENUE $212,631

Expense Breakdown

Grants Paid $750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,623

Other Expenses $145,795

TOTAL EXPENSES $146,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,631	$128,111	+0.7%
Expenses	$146,545	$125,326	+0.2%
Net Income	$66,086	$2,785	+22.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG BAHL	TRUSTEE	1.25	Director	$0	$0	$0
JASON BRIDGERS	TRUSTEE	1.25	Director	$0	$0	$0
DAVID CHERESKIN	SECRETARY/TR	15.00	Officer Director	$0	$0	$0
GEORGE CUTLER	V/P	2.50	Officer Director	$0	$0	$0
JOE KENNEDY	V/P	3.75	Officer Director	$0	$0	$0
ROB KEOGH	TRUSTEE	1.25	Director	$0	$0	$0
MILLER MEARS	V/P -RETIREE	2.50	Officer Director	$0	$0	$0
MARK OLD	PRESIDENT	12.50	Officer Director	$0	$0	$0
KELVIN SHELTON	V/P	5.00	Officer 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	$212,631	$146,545	$314,477	$66,086

INTERNATIONAL ASSOCIATION OF FIRE FIGHTERS LOCAL 68 NORFOLK