Hammond Professional Fire Fighters Association Local 556 IAFF (EIN 356066850) - 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

1938

Legal Domicile

Principal Officer

Jeffrey Hartlerode

Phone

2196712167

Tax Period

2023-01-01 to 2023-12-31

Hammond Professional Fire Fighters Association Local 556 IAFF, founded in 1938, is a small nonprofit that reported $219K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $246K exceeded revenue, resulting in a 12% operating deficit.

Mission

Labor Union - Local 556 of the International Association of Fire Fighters

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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 $204,380

Program Service Revenue $0

Investment Income $3,435

Other Revenue $11,479

TOTAL REVENUE $219,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,936

Fundraising Expenses $0

Other Expenses $87,798

TOTAL EXPENSES $245,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,294	$274,530	-0.2%
Expenses	$245,923	$263,782	-0.1%
Net Income	$-26,629	$10,748	-3.5%

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

147

Independent Members

147

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

$39,407

Total Directors

$5,637

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Hull	President	10.00	Officer Highest	$12,657	$0	$12,657
Brandon Ashana	Vice President	5.00	Officer	$6,838	$0	$6,838
Jeffrey Hartlerode	Treasurer	5.00	Officer	$6,838	$0	$6,838
Eric Berdine	Secretary	5.00	Officer	$6,838	$0	$6,838
Martin Padilla	Trustee	2.00	Director	$1,879	$0	$1,879
Edward Wagner	Trustee	2.00	Director	$1,879	$0	$1,879
John Cory III	Trustee	2.00	Director	$1,879	$0	$1,879
Chris Walsh	Insurance Director	4.00	Officer	$4,677	$0	$4,677
John Boykin	Asst Ins Director	2.00	Officer	$1,559	$0	$1,559

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	No data	No data	No data	No data
2023	$219,294	$245,923	$322,493	$-26,629
2022	$274,530	$263,782	$348,777	$10,748
2021	$242,003	$235,725	$338,029	$6,278
2020	$227,119	$243,236	$331,751	$-16,117
2019	$283,778	$231,159	$347,768	$52,619
2018	$265,049	$223,746	$295,151	$41,303

Hammond Professional Fire Fighters Association Local 556 IAFF