BONITA SPRINGS FIRE DEPARTMENT RETIREE INSURANCE TRUST FUND (EIN 273285099) - 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

2010

Legal Domicile

Principal Officer

GREG DEWITT

Phone

2399496200

Tax Period

2023-10-01 to 2024-09-30

BONITA SPRINGS FIRE DEPARTMENT RETIREE INSURANCE TRUST FUND, founded in 2010, is a small nonprofit in the Mutual Benefit sector that reported $702K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $477K, a strong 68% operating margin.

Mission

THIS FUND HAS BEEN ESTABLISHED TO PROVIDE POST-RETIREMENT HEALTH BENEFITS FOR THE BONITA SPRINGS FIRE DEPARTMENT, A GOVERNMENTAL UNIT ESTABLISHED UNDER FLORIDA STATUTE.

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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 $558,261

Investment Income $144,011

Other Revenue $0

TOTAL REVENUE $702,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $30,574

TOTAL EXPENSES $225,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$702,272	$638,038	+0.1%
Expenses	$225,326	$235,213	0.0%
Net Income	$476,946	$402,825	+0.2%

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

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

$567,812

Total Directors

$695,076

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG DEWITT	FIRE CHIEF/	1.00	Officer Director	$0	$0	$277,838
ROY BROWN	UNION PRES/	1.00	Officer Director	$0	$0	$147,894
TODD TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL PLATAS	TRUSTEE	1.00	Director	$0	$0	$127,264
LISA GENDRON	TRUSTEE/ SEC	1.00	Officer Director	$0	$0	$142,080

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	$702,272	$225,326	$5,428,554	$476,946
2024	$702,272	$225,326	$5,428,554	$476,946
2023	$638,038	$235,213	$4,021,576	$402,825
2022	$706,335	$217,019	$3,258,118	$489,316
2021	$551,485	$206,743	$3,651,373	$344,742
2020	$541,152	$216,479	$2,793,372	$324,673
2019	$232,329	$207,063	$2,252,529	$25,266
2018	$436,303	$200,830	$2,184,455	$235,473

BONITA SPRINGS FIRE DEPARTMENT RETIREE INSURANCE TRUST FUND