FORT MYERS BEACH RETIREE INSURANCE TRUST FUND (EIN 263376286) - 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

2008

Legal Domicile

Principal Officer

THOMAS EDGE

Phone

2395904200

Tax Period

2023-10-01 to 2024-09-30

FORT MYERS BEACH RETIREE INSURANCE TRUST FUND, founded in 2008, is a small nonprofit in the Mutual Benefit sector that reported $131K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $1.4M represent 126 months of operating reserves.

Mission

THIS FUND HAS BEEN ESTABLISHED TO PROVIDE POST-RETIREMENT HEALTH BENEFITS FOR THE FORT MYERS BEACH FIRE CONTROL DISTRICT, AN ESTABLISHED GOVERNMENTAL UNIT.

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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 $0

Program Service Revenue $74,500

Investment Income $56,982

Other Revenue $0

TOTAL REVENUE $131,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $32,746

TOTAL EXPENSES $130,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$131,482	$107,251	+0.2%
Expenses	$130,313	$136,767	0.0%
Net Income	$1,169	$-29,516	-1.0%

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

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

$144,086

Total Directors

$286,973

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS EDGE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RANDALL KRAUS	VICE CHAIR/T	2.00	Officer Director	$0	$0	$144,086
ERIC TIBBS	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER CAMPBELL	TRUSTEE	2.00	Director	$0	$0	$142,887

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	$131,482	$130,313	$1,377,559	$1,169
2023	$107,251	$136,767	$1,163,572	$-29,516
2022	$135,177	$147,174	$1,088,655	$-11,997
2021	$66,722	$128,783	$1,405,753	$-62,061
2020	$316,020	$130,810	$1,258,506	$185,210
2019	$114,353	$115,122	$1,223,895	$-769
2018	$166,235	$126,119	$1,220,957	$40,116

FORT MYERS BEACH RETIREE INSURANCE TRUST FUND