POLICE AND FIREMENS INSURANCE ASSOCIATION (EIN 350586820) - 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

1913

Legal Domicile

Phone

3175811913

Tax Period

2024-01-01 to 2024-12-31

POLICE AND FIREMENS INSURANCE ASSOCIATION, founded in 1913, is a mid-sized nonprofit that reported $53.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $12.4M, a strong 23% operating margin.

Mission

Provide scholarships, orphans assistance and family fraternal and memorial benefits to members and their families. Also offer life insurance, accident and health insurance and investment programs to members and their families.

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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 $40,950,988

Investment Income $12,056,377

Other Revenue $0

TOTAL REVENUE $53,007,365

Expense Breakdown

Grants Paid $690,196

Salaries & Benefits $3,547,710

Fundraising Expenses $0

Program Expenses $532,500

Other Expenses $7,762,744

TOTAL EXPENSES $40,579,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,007,365	$48,300,253	+0.1%
Expenses	$40,579,137	$38,998,475	+0.0%
Net Income	$12,428,228	$9,301,778	+0.3%

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

$1,068,606

Total Directors

$1,733,186

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Murphy	President, Director	40	Officer Director	$352,363	$0	$352,363
Bradd Roembke	Sr Vice President/President, Director	40	Officer Director	$312,875	$0	$312,875
Danette Williams	Vice President of Operations	40	Officer Director	$299,426	$0	$299,426
Jeffrey Warnock	VP/Treasurer, Director	40	Director	$255,100	$0	$255,100
Alan T Evans	Director/Regional Manager	40	Director	$156,202	$0	$156,202
Darren Spencer	Regional Manager	40	Highest	$152,347	$0	$152,347
Mark Reuss	Regional Manager	10	Highest	$140,020	$0	$140,020
Eric Hofmeister	VP/Treasurer	40	Officer	$103,942	$0	$103,942
Christopher Marlor	Lead Information Technology Specialist	40	Highest	$103,779	$0	$103,779
Michael Carrigan	Director/Chairman of the Board	10	Director	$37,020	$0	$37,020
Thomas Clines	Director	10	Director	$32,020	$0	$32,020
Ruben A Cevallos	Director	10	Director	$32,020	$0	$32,020
David Lentz	Director	10	Director	$32,020	$0	$32,020
Don Trejbal	Director	10	Director	$32,020	$0	$32,020
Ray Gallardo	Director	10	Director	$32,020	$0	$32,020
Myles Christie	Director	40	Director	$32,020	$0	$32,020
Edward J Griffith III	Director	40	Director	$32,020	$0	$32,020
Gerald Housel	Director	10	Director	$32,020	$0	$32,020
Mark Kemp	Director	10	Director	$32,020	$0	$32,020
Steve Murphy	Director	10	Director	$32,020	$0	$32,020

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	$53,007,365	$40,579,137	$308,334,243	$12,428,228
2023	$48,300,253	$38,998,475	$284,038,159	$9,301,778
2022	$49,174,079	$43,095,397	$261,668,493	$6,078,682
2021	$49,657,782	$42,753,336	$255,522,812	$6,904,446
2020	$44,697,410	$39,766,108	$231,350,650	$4,931,302
2019	$41,890,719	$36,277,081	$211,882,126	$5,613,638
2018	$41,809,063	$33,572,409	$194,527,090	$8,236,654

POLICE AND FIREMENS INSURANCE ASSOCIATION