Chicago, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FIREMENS MUTUAL AID & BENEFIT ASSOCIATION OF THE CITY OF CHICAGO of the City of Chicago, founded in 1897, is a small nonprofit that reported $927K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $792K left a modest 15% surplus.
The mission of Firemen's Mutual Aid is to provide fraternal assistance and fellowship including inexpensive, portable, and participating burial insurance to members of the Chicago Fire Department and their dependents. As a fraternal benefit society, Firemen's also offers fraternal lodge meetings and education scholarships.
Firemen's Mutual Aid has successfully provided inexpensive, portable, and participating burial insurance to members of the Chicago Fire Department and their dependents.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $926,550 | $1,175,069 | -0.2% |
| Expenses | $791,713 | $752,542 | +0.1% |
| Net Income | $134,837 | $422,527 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Lolita Travis | Secretary | 1 |
Officer
Director
|
$1,000 | $0 | $1,000 |
| Joseph Hoefling | President | 1 |
Officer
Director
|
$1,000 | $0 | $1,000 |
| Paul Goodman | Vice President | 1 |
Officer
Director
|
$1,000 | $0 | $1,000 |
| John Cutich | Treasurer | 1 |
Officer
Director
|
$1,000 | $0 | $1,000 |
| Timothy Hunt | Trustee | 1 |
Director
|
$1,000 | $0 | $1,000 |
| Thomas Magliano | Director | 1 |
Director
|
$1,000 | $0 | $1,000 |
| James Mungovan | Director | 1 |
Director
|
$1,000 | $0 | $1,000 |
| Christopher Quinn | Director | 1 |
Director
|
$1,000 | $0 | $1,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $926,550 | $791,713 | $27,265,482 | $134,837 |
| 2022 | $1,175,069 | $752,542 | $25,575,269 | $422,527 |
| 2021 | $845,988 | $753,547 | $27,179,521 | $92,441 |
| 2020 | $826,755 | $716,146 | $24,211,813 | $110,609 |
Compare FIREMENS MUTUAL AID & BENEFIT ASSOCIATION OF THE CITY OF CHICAGO of the City of Chicago with other nonprofits in Illinois and across the country.