FIREMENS MUTUAL AID & BENEFIT ASSOCIATION OF THE CITY OF CHICAGO of the City of Chicago

EIN: 361077105

Chicago, IL

Total Revenue
$926,550
Total Expenses
$791,713
Total Assets
$27,265,482
Net Assets
$16,199,393
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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
1897
Legal Domicile
IL
Principal Officer
Joseph Hoefling
Phone
3124277111
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

This organization is to operate as a fraternal benefit society in accordance with the laws of the State of Illinois and provide such insurance and other benefits not inconsistent therewith. Any member of the Chicago Fire Department is eligible for membership, as are dependents of such members.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $273,530
Investment Income $653,020
Other Revenue $0
TOTAL REVENUE $926,550

Expense Breakdown

Grants Paid $0
Salaries & Benefits $131,503
Fundraising Expenses $0
Program Expenses $791,713
Other Expenses $392,952
TOTAL EXPENSES $791,713

Year-over-Year Comparison

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%
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

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Governance

Voting Members
9
Independent Members
9
Employees
1
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
4
$4,000
Total Directors
8
$8,000
Key Employees
0
$0
Highest Compensated
0
reported
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
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
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
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