ILLINOIS FIREFIGHTER'S ASSOCIATION FOUNDATION INC (EIN 371372721) - 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

1934

Legal Domicile

Principal Officer

KERRY FEDERER

Phone

6188824783

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS FIREFIGHTER'S ASSOCIATION FOUNDATION INC, founded in 1934, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $109K in total revenue in fiscal year 2019. The organization ran a surplus of $62K, a strong 57% operating margin.

Mission

TO PROMOTE AND SPONSOR PROGRAMS AND ACTIVITIES AND PROVIDE GRANTS AND SCHOLARSHIPS TO ENCOURAGE FIRE TRAINING AND SAFETY.

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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 $29,024

Investment Income $8,060

Other Revenue $67,551

TOTAL REVENUE $104,635

Expense Breakdown

Grants Paid $4,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,641

Other Expenses $102,446

TOTAL EXPENSES $107,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$104,635	$102,466	+0.0%
Expenses	$107,346	$132,051	-0.2%
Net Income	$-2,711	$-29,585	-0.9%

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
ED ALLSMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
JOE HEIM	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH MANDARINO	DIRECTOR	1.00	Director	$0	$0	$0
RONALD MULACH	DIRECTOR	1.00	Director	$0	$0	$0
BILL OFFERMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT REASON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF STUCK	DIRECTOR	1.00	Director	$0	$0	$0
MITCH ALTHOFF	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARIE ARVIA-MALONE	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS MILLER	DIRECTOR	1.00	Director	$0	$0	$0
KAIT MEEKER	DIRECTOR	1.00	Director	$0	$0	$0
DALE MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
TERRY FORD	PRESIDENT	4.00	Officer	$0	$0	$0
KEVIN SCHOTT	VICE PRESIDENT	4.00	Officer	$0	$0	$0
KERRY FEDERER	TREASURER	10.00	Officer	$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	$104,635	$107,346	$308,012	$-2,711
2023	$102,466	$132,051	$310,723	$-29,585
2022	$99,785	$106,207	$340,308	$-6,422
2021	$134,576	$44,322	$346,730	$90,254
2020	$92,599	$43,443	$256,476	$49,156
2019	$108,698	$46,613	$207,320	$62,085

ILLINOIS FIREFIGHTER'S ASSOCIATION FOUNDATION INC