BALTIMORE FIRE FIGHTERS LOCAL 734 WIDOWS AND ORPHANS CHARITABLE BENEFIT PLAN (EIN 521230940) - 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

1956

Legal Domicile

Principal Officer

MATTHEW COSTER

Phone

4102340734

Tax Period

2023-01-01 to 2023-12-31

BALTIMORE FIRE FIGHTERS LOCAL 734 WIDOWS AND ORPHANS CHARITABLE BENEFIT PLAN, founded in 1956, is a small nonprofit that reported $145K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $129K left a modest 11% surplus.

Mission

TO PROVIDE LIFE, SICK AND OTHER BENEFITS TO THE MEMBERS OF THE LOCAL, DEPENDENTS OR BENEFICIARIES.

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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 $25,999

Program Service Revenue $0

Investment Income $29,810

Other Revenue $88,785

TOTAL REVENUE $144,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $64,275

TOTAL EXPENSES $128,775

Year-over-Year Comparison

	2023	2022	Change
Revenue	$144,594	$155,974	-0.1%
Expenses	$128,775	$171,288	-0.2%
Net Income	$15,819	$-15,314	-2.0%

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

$144,867

Total Directors

$144,867

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW COSTER	PRESIDENT	5.00	Officer Director	$0	$0	$24,125
MICHAEL SCHLEY JR	1ST VICE PRESIDENT	5.00	Officer Director	$0	$0	$22,175
JOHN BURKE JR	SECRETARY-TREASURER	5.00	Officer Director	$0	$0	$29,282
JUSTIN RIGGIN	2ND VICE PRESIDENT	5.00	Officer Director	$0	$0	$15,381
JENNIFER MUTH	RECORDING SECRETARY	5.00	Officer Director	$0	$0	$24,737
RICHARD LANGFORD	FORMER PRESIDENT	5.00	Officer Director	$0	$0	$18,116
PATRICK MAYFIELD	FORMER 1ST VICE PRESIDENT	5.00	Officer Director	$0	$0	$11,051

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	$144,594	$128,775	$1,048,784	$15,819
2022	$155,974	$171,288	$919,040	$-15,314
2021	$442,714	$127,766	$862,845	$314,948
2020	$60,017	$168,780	$719,015	$-108,763
2019	$107,555	$140,123	$743,708	$-32,568
2018	$153,837	$215,461	$659,195	$-61,624

BALTIMORE FIRE FIGHTERS LOCAL 734 WIDOWS AND ORPHANS CHARITABLE BENEFIT PLAN