Friends of Tampa Firefighters Inc (EIN 455266201) - 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

2012

Legal Domicile

Phone

8132425391

Tax Period

2024-01-01 to 2024-12-31

Friends of Tampa Firefighters Inc, founded in 2012, is a micro nonprofit in the Public Safety sector that reported $55K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $106K exceeded revenue, resulting in a 92% operating deficit.

Mission

Raise funds to establish FF memorials/dedications and programs benefiting the Tampa Bay area.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $7,184

Program Service Revenue $45,820

Investment Income $2,486

Other Revenue $0

TOTAL REVENUE $55,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $86,604

Other Expenses $106,300

TOTAL EXPENSES $106,300

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,490	$90,234	-0.4%
Expenses	$106,300	$133,611	-0.2%
Net Income	$-50,810	$-43,377	+0.2%

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

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
Simon Canasi	President	5.00	Officer	$0	$0	$0
Salvatore Ingrassia	Vice President	5.00	Officer	$0	$0	$0
Keith Evans	Treasurer	10.00	Officer	$0	$0	$0
Thomas Forward	Chairperson	5.00	Officer	$0	$0	$0
Tony Perez	Secretary	5.00	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	$55,490	$106,300	$74,669	$-50,810
2023	$90,234	$133,611	$125,479	$-43,377
2022	$87,168	$126,217	$168,855	$-39,049
2021	$258,068	$161,008	$207,904	$97,060

Friends of Tampa Firefighters Inc