WILMINGTON FIREFIGHTERS ASSOCIATION LOCAL 1590 (EIN 516021396) - 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

1991

Legal Domicile

Principal Officer

KEVIN DREW

Phone

3026525317

Tax Period

2024-01-01 to 2024-12-31

WILMINGTON FIREFIGHTERS ASSOCIATION LOCAL 1590, founded in 1991, is a small nonprofit that reported $180K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $166K left a modest 8% surplus.

Mission

PROVIDES FOR REPRESENTATION OF MEMBERS OF A TAX-EXEMPT LABOR ORGANIZATION.

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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 $171,590

Program Service Revenue $0

Investment Income $8,353

Other Revenue $-261

TOTAL REVENUE $179,682

Expense Breakdown

Grants Paid $18,072

Salaries & Benefits $19,400

Fundraising Expenses $0

Other Expenses $128,432

TOTAL EXPENSES $165,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,682	$228,119	-0.2%
Expenses	$165,904	$168,267	0.0%
Net Income	$13,778	$59,852	-0.8%

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

$12,840

Total Directors

$19,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CAWTHRAY	PRESIDENT (FROM 11/24)	20.00	Officer Director	$360	$0	$360
AARON ROBINSON	PRESIDENT (THRU 11/24)	20.00	Officer Director	$3,960	$0	$3,960
PETER VINCENT	VICE PRESIDENT (FROM 7/24); TRUSTEE (THRU 7/24)	20.00	Officer Director	$3,120	$0	$3,120
WILLIAM O'NEILL	VICE PRESIDENT (THRU 7/24)	20.00	Officer Director	$1,080	$0	$1,080
KEVIN DREW	SECRETARY-TREASURER	20.00	Officer Director	$4,320	$0	$4,320
EJ CASTAGNA	TRUSTEE (FROM 7/24)	10.00	Director	$800	$0	$800
SAMUEL GOINES	TRUSTEE	10.00	Director	$1,920	$0	$1,920
DENNIS HITCHENS	TRUSTEE	10.00	Director	$1,920	$0	$1,920
MARCUS WILSON	TRUSTEE	10.00	Director	$1,920	$0	$1,920

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	$179,682	$165,904	$522,969	$13,778
2023	$228,119	$168,267	$464,150	$59,852
2022	$110,391	$192,596	$343,025	$-82,205
2021	$137,216	$190,677	$480,331	$-53,461
2020	$95,943	$278,888	$469,498	$-182,945
2019	$113,373	$245,337	$608,949	$-131,964
2018	$82,671	$146,551	$693,884	$-63,880

WILMINGTON FIREFIGHTERS ASSOCIATION LOCAL 1590