SPOKANE FIRE FIGHTERS BENEFIT TRUST (EIN 461402215) - 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

2013

Legal Domicile

Principal Officer

NATHAN COVER

Phone

2064417574

Tax Period

2023-01-01 to 2023-12-31

SPOKANE FIRE FIGHTERS BENEFIT TRUST, founded in 2013, is a mid-sized nonprofit in the Mutual Benefit sector that reported $12.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.9M, a strong 30% operating margin.

Mission

THE TRUST FUND WAS ORGANIZED TO ENABLE MEMBERS OF THE LOCAL NO. 29 TO USE THEIR COLLECTIVE PURCHASING POWER AND COLLECTIVE BARGAINING RIGHTS TO SECURE COMPETITIVELY PRICED INSURANCE PRODUCTS AND/OR MEDICAL BENEFITS.THE TRUST PROVIDES AN ENTITY TO WHICH CONTRIBUTIONS FROM CONTRIBUTING EMPLOYERS OR PARTICIPATING EMPLOYEE ORGANIZATIONS, AND CONTRIBUTIONS FROM PARTICIPATING MEMBERS, CAN BE PAID.

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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 $12,151,109

Investment Income $795,705

Other Revenue $1,816

TOTAL REVENUE $12,948,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $834,933

TOTAL EXPENSES $9,014,783

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,948,630	$11,835,802	+0.1%
Expenses	$9,014,783	$8,896,410	+0.0%
Net Income	$3,933,847	$2,939,392	+0.3%

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

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
NATHAN COVER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE FORBES	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDY MARLER	TRUSTEE	1.00	Director	$0	$0	$0
SHANE SKIPWORTH	TRUSTEE	1.00	Director	$0	$0	$0
LEE VENNING	TRUSTEE	1.00	Director	$0	$0	$0
MARISSA DELAMATTER	ALTERNATIVE TRUSTEE	1.00	Director	$0	$0	$0
JOANNA BALIN	ALTERNATIVE TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER MUNOZ	ALTERNATIVE TRUSTEE	1.00	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	$12,948,630	$9,014,783	$37,886,381	$3,933,847
2022	$11,835,802	$8,896,410	$31,305,327	$2,939,392
2021	$11,769,570	$8,901,838	$30,941,151	$2,867,732
2020	$11,420,225	$7,835,253	$26,659,387	$3,584,972
2019	$11,904,060	$9,242,691	$21,812,686	$2,661,369
2018	$12,304,206	$8,433,313	$17,689,806	$3,870,893

SPOKANE FIRE FIGHTERS BENEFIT TRUST