Vancouver Firefighters Union Health and Welfare Trust (EIN 453280396) - 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

2011

Legal Domicile

Phone

3602543528

Tax Period

2023-10-01 to 2024-09-30

Vancouver Firefighters Union Health and Welfare Trust, founded in 2011, is a community nonprofit in the Mutual Benefit sector that reported $9.2M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $8.6M left a modest 6% surplus.

Mission

THE TRUST WAS ORGANIZED TO ENABLE MEMBERS OF LOCAL NO. 452 TO USE THEIR COLLECTIVE PURCHASING POWER AND COLLECTIVE BARGAINING RIGHTS TO SECURE COMPETITIVELY PRICED MEDICAL BENEFITS AND/OR INSURANCE PRODUCTS.

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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 $8,674,361

Investment Income $555,257

Other Revenue $0

TOTAL REVENUE $9,229,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,220

Fundraising Expenses $0

Program Expenses $0

Other Expenses $348,382

TOTAL EXPENSES $8,636,515

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,229,618	$7,392,308	+0.2%
Expenses	$8,636,515	$6,733,081	+0.3%
Net Income	$593,103	$659,227	-0.1%

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

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
MARK JOHNSTON	SECRETARY	4.0	Officer Director	$0	$0	$0
NICK LAZZARETTO	CHAIRMAN END 10/23 & TRUST MANAGER	10.0	Officer Director	$0	$0	$0
DARRIN DEMING	TRUSTEE	2.0	Director	$0	$0	$0
JUDSON MCCAULEY	TRUSTEE	2.0	Director	$0	$0	$0
RAYMOND EGAN	TRUSTEE	2.0	Director	$0	$0	$0
RYAN MORRISEY	TRUSTEE	2.0	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	$9,229,618	$8,636,515	$12,912,491	$593,103
2023	$7,392,308	$6,733,081	$11,095,898	$659,227
2022	$6,346,742	$5,395,749	$10,588,576	$950,993
2021	$5,961,724	$5,009,834	$9,502,351	$951,890
2021	$6,008,614	$5,056,492	$9,502,583	$952,122
2020	$5,797,349	$4,574,272	$8,471,062	$1,223,077
2019	$5,976,029	$4,958,473	$7,389,222	$1,017,556
2018	$5,562,797	$4,367,514	$6,486,102	$1,195,283

Vancouver Firefighters Union Health and Welfare Trust