BALTIMORE FIRE FIGHTERS LOCAL 734 WIDOWS AND ORPHANS CHARITABLE BENEFIT PLAN

EIN: 521230940

BALTIMORE, MD

Total Revenue
$144,594
Total Expenses
$128,775
Total Assets
$1,048,784
Net Assets
$627,349
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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
MD
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, ACCIDENT AND OTHER BENEFITS TO THE MEMBERS OF THE LOCAL, THEIR DEPENDENTS OR THEIR DESIGNATED BENEFICIARIES.

Program Service Accomplishments

Program 1

TO PROVIDE LIFE, SICK, ACCIDENT AND OTHER BENEFITS TO THE MEMBERS OF THE LOCAL, THEIR DEPENDENTS, OR THEIR DESIGNATED 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%)

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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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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
Volunteers
7

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
7
$144,867
Total Directors
7
$144,867
Key Employees
0
$0
Highest Compensated
0
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
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