Intl Assoc of Firefighters 1568

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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

1965

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Intl Assoc of Firefighters 1568, founded in 1965, is a small nonprofit that reported $165K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $159K left a modest 4% surplus.

Mission

Provide Union organization for professional firefighters of Henrico County, VA. Focus is on protecting rights and benefits of the members and assist spouses and family members if a member should become ill or injured. MDA and Tunnels to Towers are the top charities for IAff 1568

Program Service Accomplishments

Program 1

Expenses: $312 Revenue: $250

Raise money for The Burn Foundation; prepare and serve dinner to campers at Burn Camp.

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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 $175,994

Program Service Revenue $0

Investment Income $2,855

Other Revenue $-13,670

TOTAL REVENUE $165,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,708

Fundraising Expenses $0

Program Expenses $312

Other Expenses $143,565

TOTAL EXPENSES $159,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$165,179	$186,198	-0.1%
Expenses	$159,273	$174,998	-0.1%
Net Income	$5,906	$11,200	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerry Lawson	Vice President	10.00	Officer	$0	$0	$0
Julian Day	Vice President	10.00	Officer	$0	$0	$0
Greg T McKee	Vice President	10.00	Officer	$0	$0	$0
Nathan Weinstein	SecTreasurer	10.00	Officer	$0	$0	$0
Bill Boger	President	10.00	Officer	$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	$165,179	$159,273	$322,715	$5,906
2022	$186,198	$174,998	$315,073	$11,200
2021	$168,324	$141,531	$306,117	$26,793
2020	$150,433	$134,839	$285,325	$15,594
2019	$158,360	$170,719	$275,732	$-12,359
2018	$153,436	$160,540	$293,366	$-7,104