DETROIT FIREFIGHTERS LOCAL 344 (EIN 381100661) - 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

1935

Legal Domicile

Principal Officer

THOMAS GEHART

Phone

3139627546

Tax Period

2024-12-01 to 2025-11-30

DETROIT FIREFIGHTERS LOCAL 344, founded in 1935, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 15% surplus.

Mission

THE DETROIT FIREFIGHTERS ASSOCIATION LOCAL 34 IAFF (DFFA LOCAL 344 IAFF) IS CRAFTED FOR THE PURPOSE OF COLLECTIVE BARGAINING AND NEGOTIATIONS, PROMOTING GENERAL WELFARE OF ITS MEMBERS, AND ENGAGING IN CULTURAL, CIVIC, LEGISLATIVE, POLITICAL, EDUCATIONAL AND SOCIAL ACTIVITIES IN WHICH IT WILL BENEFIT THE ASSOCIATION AND ITS MEMBERS, ON BEHALF OF THE DETROIT FIREFIGHTERS ASSOICATION LOCAL NO. 344, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

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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 $1,641,689

Investment Income $52,806

Other Revenue $16,548

TOTAL REVENUE $1,711,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,337

Fundraising Expenses $0

Program Expenses $1,120,221

Other Expenses $1,139,235

TOTAL EXPENSES $1,459,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,711,043	$1,716,143	0.0%
Expenses	$1,459,572	$1,708,987	-0.1%
Net Income	$251,471	$7,156	+34.1%

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

N/A

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

$65,647

Total Directors

$223,407

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS GEHART	PRESIDENT	10.00	Officer Director	$37,890	$0	$37,890
MICHAEL CRETU	SECRETARY	10.00	Director	$27,757	$0	$27,757
JEFFREY PEGG	VICE PRESIDE	10.00	Officer Director	$27,757	$0	$27,757
ANDREW SCHWEDLER	TREASURER	10.00	Director	$27,757	$0	$27,757
ALBERT GARCIA	NORTH BATTAL	5.00	Director	$14,778	$0	$14,778
JOHN DAVIS	DIVISION BAT	5.00	Director	$14,578	$0	$14,578
TIMOTHY CARTER II	CENTRAL BATT	5.00	Director	$14,578	$0	$14,578
JOSEPH JONES IV	WEST BATTALI	5.00	Director	$14,578	$0	$14,578
JOSHUA KOCH	EMS DIRECTOR	5.00	Director	$14,578	$0	$14,578
GERALD STEWART	SW BATTALION	5.00	Director	$14,578	$0	$14,578
JUSTIN THARRETT	EAST BATTALI	5.00	Director	$14,578	$0	$14,578

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	$1,711,043	$1,459,572	$2,104,621	$251,471
2024	$1,716,143	$1,708,987	$1,790,655	$7,156
2023	$1,566,315	$1,572,279	$1,685,966	$-5,964
2022	$1,584,014	$1,639,867	$1,682,481	$-55,853
2021	$1,605,949	$1,648,068	$1,887,177	$-42,119
2020	$1,655,499	$1,836,614	$1,870,743	$-181,115
2019	$1,769,146	$1,625,838	$2,089,828	$143,308
2018	$1,722,915	$1,852,455	$1,733,295	$-129,540

DETROIT FIREFIGHTERS LOCAL 344