DETROIT FIREMENS FUND ASSN (EIN 381681020) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1905

Legal Domicile

Principal Officer

KIM FETT

Phone

3136280099

Tax Period

2022-12-01 to 2023-11-30

DETROIT FIREMENS FUND ASSN, founded in 1905, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. Expenses of $1.1M left a modest 14% surplus.

Mission

The purpose of the Association is to pay benefits to members or their beneficiaries in case of accident, sickness, retirement or death in accordance with the bylaws

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,072,857

Program Service Revenue $11,066

Investment Income $79,664

Other Revenue $69,781

TOTAL REVENUE $1,233,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,631

Fundraising Expenses $0

Other Expenses $122,495

TOTAL EXPENSES $1,063,606

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,233,368	$1,326,143	-0.1%
Expenses	$1,063,606	$1,157,473	-0.1%
Net Income	$169,762	$168,670	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH PALM	TRUSTEE	015.00	Director	$0	$0	$0
PATRICK SCHWARTZ	TRUSTEE	015.00	Director	$0	$0	$0
JON BOZICH	TRUSTEE	015.00	Director	$0	$0	$0
KIM FETT	TRUSTEE	015.00	Director	$0	$0	$0
CHRISTOPHER ALEF	TRUSTEE	015.00	Director	$0	$0	$0
CHRISTOPHER DIXON	TRUSTEE	015.00	Director	$0	$0	$0
SHANNON MORAN	TRUSTEE	015.00	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	$1,233,368	$1,063,606	$3,174,815	$169,762
2022	$1,326,143	$1,157,473	$3,007,776	$168,670
2021	$1,461,346	$1,401,563	$2,980,984	$59,783
2020	$1,192,982	$1,121,662	$2,826,095	$71,320
2019	$1,404,189	$1,388,455	$2,742,075	$15,734
2018	$1,312,936	$1,301,259	$2,727,680	$11,677

DETROIT FIREMENS FUND ASSN