PITTSBURGH FIREFIGHTERS IAFF LOCAL UNION # 1 (EIN 251127052) - 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

1903

Legal Domicile

Principal Officer

RALPH SICURO

Phone

4122242109

Tax Period

2024-01-01 to 2024-12-31

PITTSBURGH FIREFIGHTERS IAFF LOCAL UNION # 1, founded in 1903, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO SECURE JUST COMPENSATION FOR OUR SERVICES AND EQUITABLE SETTLEMENTS FOR OUR GREIVEANCES; TO PROMOTE THE ESTABLISHMENT OF JUST AND REASONABLE WORKING CONDITIONS; TO PLACE THE MEMBERS OF OUR LOCAL ON A HIGHER PLANE OF SKILL AND EFFICIENCY; TO PROMOTE HARMONIOUS RELATIONS BETWEEN FIRE FIGHTERS AND OUR EMPLOYER; TO ENCOURAGE THE FORMATION OF ADEQUATE SICK AND DEATH BENEFITS; TO ENCOURAGE THE ESTABLISHMENT OF SCHOOLS AND INSTRUCTION FOR THE IMPARTING OF KNOWLEDGE OF MODERN AND IMPROVED METHODS OF FIRE PROTECTION, FIRE PREVENTION, AND FIRE SAFETY; AND TO CULTIVATE FRIENDSHIP AMONG MEMBERS.

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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 $0

Program Service Revenue $1,026,621

Investment Income $1,730

Other Revenue $0

TOTAL REVENUE $1,028,351

Expense Breakdown

Grants Paid $39,500

Salaries & Benefits $159,513

Fundraising Expenses $0

Other Expenses $946,266

TOTAL EXPENSES $1,223,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,028,351	$1,046,125	0.0%
Expenses	$1,223,157	$1,077,405	+0.1%
Net Income	$-194,806	$-31,280	+5.2%

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

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

$147,426

Total Directors

$147,426

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH SICURO	PRESIDENT	20.00	Officer Director	$24,773	$0	$24,773
TIMOTHY LEECH	VICE-PRESIDENT	10.00	Officer Director	$22,105	$0	$22,105
SEAN O'LEARY	TRUSTEE (BEG) RECORDING SECRETARY (END)	15.00	Officer Director	$20,710	$0	$20,710
FRANCIS E CAREY	FINANCIAL SECRETARY	15.00	Officer Director	$14,006	$0	$14,006
EDMUND FARLEY	TRUSTEE	10.00	Officer Director	$17,047	$0	$17,047
MATTHEW BACHNER	RECORDING SECRETARY (BEG)	15.00	Officer Director	$2,236	$0	$2,236
MARC BRUNER	TRUSTEE	10.00	Officer Director	$15,654	$0	$15,654
JOHN FARAH	TRUSTEE	10.00	Officer Director	$16,635	$0	$16,635
JOHN THOMAS	TRUSTEE	10.00	Officer Director	$14,260	$0	$14,260

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	$1,028,351	$1,223,157	$1,548,556	$-194,806
2023	$1,046,125	$1,077,405	$1,740,430	$-31,280
2022	$1,020,257	$994,539	$1,781,648	$25,718
2021	$888,258	$749,503	$1,753,496	$138,755
2020	$885,157	$613,294	$1,600,089	$271,863
2019	$781,904	$811,422	$1,346,028	$-29,518
2018	$856,577	$853,171	$1,474,982	$3,406

PITTSBURGH FIREFIGHTERS IAFF LOCAL UNION # 1