DOWNERS GROVE FIRE DEPARTMENT IAFF LOCAL 3234 POST RETIREMENT HEALTH (EIN 364499974) - 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

2001

Legal Domicile

Principal Officer

MATTHEW HILLS

Tax Period

2023-01-01 to 2023-12-31

DOWNERS GROVE FIRE DEPARTMENT IAFF LOCAL 3234 POST RETIREMENT HEALTH, founded in 2001, is a small nonprofit in the Mutual Benefit sector that reported $397K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $487K exceeded revenue, resulting in a 23% operating deficit.

Mission

PAYMENT OF HEALTH BENEFITS FOR RETIRED FIREFIGHTERS

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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 $146,704

Investment Income $250,185

Other Revenue $0

TOTAL REVENUE $396,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $486,720

Other Expenses $20,105

TOTAL EXPENSES $486,720

Year-over-Year Comparison

	2023	2022	Change
Revenue	$396,889	$540,581	-0.3%
Expenses	$486,720	$460,490	+0.1%
Net Income	$-89,831	$80,091	-2.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK JAGGER	TREASURER	N/A	Officer Director	$0	$0	$0
DAN LUND	SECRETARY	N/A	Officer Director	$0	$0	$0
JOHN CHRISTESON	TRUSTEE	N/A	Director	$0	$0	$0
DAN PICHA	TRUSTEE	N/A	Director	$0	$0	$0
MATTHEW HILLS	PRESIDENT	N/A	Officer Director	$0	$0	$0
MICHAEL COVELLI	TRUSTEE	N/A	Director	$0	$0	$0
ETHAN SIMMONS	TRUSTEE	N/A	Director	$0	$0	$0

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	$396,889	$486,720	$4,769,057	$-89,831
2022	$540,581	$460,490	$4,744,015	$80,091
2021	$587,924	$445,258	$4,667,367	$142,666
2020	$426,612	$418,559	$4,523,947	$8,053
2019	$375,551	$429,009	$4,567,867	$-53,458
2018	$416,661	$314,682	$4,520,925	$101,979

DOWNERS GROVE FIRE DEPARTMENT IAFF LOCAL 3234 POST RETIREMENT HEALTH