INTERNATIONAL ASSOCIATION OF FIREFIGHTERS IAFF LOCAL 2446 INC (EIN 510190348) - 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

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL ASSOCIATION OF FIREFIGHTERS IAFF LOCAL 2446 INC is a small nonprofit that reported $150K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Net assets of $351K represent 28 months of operating reserves.

Mission

PROMOTING THE WELFARE AND SAFETY OF ITS UNION MEMBERSHIP BASE OF PROFESSIONAL FIREFIGHTERS IN THE CITY OF PALM BAY FLORIDA.

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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 $151,635

Program Service Revenue $0

Investment Income $987

Other Revenue $-2,924

TOTAL REVENUE $149,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,946

Fundraising Expenses $0

Other Expenses $97,370

TOTAL EXPENSES $149,076

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,698	$161,313	-0.1%
Expenses	$149,076	$151,852	0.0%
Net Income	$622	$9,461	-0.9%

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

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

$39,435

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN GENT	PRESIDENT	25	Officer	$14,461	$0	$14,461
JOHN MELLACE	VICE PRESIDENT	18	Officer	$7,187	$0	$7,187
ADAM VERES	VICE PRESIDENT	5	Officer	$6,644	$0	$6,644
RICHARD WILLIAMS	TREASURER	5	Officer	$5,731	$0	$5,731
NATALIE COE	SECRETARY	5	Officer	$5,412	$0	$5,412

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	$149,698	$149,076	$350,922	$622
2023	$161,313	$151,852	$392,160	$9,461
2022	$148,033	$151,655	$385,932	$-3,622
2021	$149,127	$136,182	$392,522	$12,945
2020	$168,398	$109,876	$382,519	$58,522

INTERNATIONAL ASSOCIATION OF FIREFIGHTERS IAFF LOCAL 2446 INC