DURHAM FIREFIGHTERS SUPPLEMENTAL RETIREMENT SYSTE (EIN 566024202) - 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

2003

Legal Domicile

Principal Officer

WILLIAM TOWNER

Tax Period

2023-07-01 to 2024-06-30

DURHAM FIREFIGHTERS SUPPLEMENTAL RETIREMENT SYSTE, founded in 2003, is a small nonprofit in the Mutual Benefit sector that reported $297K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $259K left a modest 13% surplus.

Mission

SUPPLEMENTAL PENSION PAYMENTS

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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 $296,536

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $296,546

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $245,156

Fundraising Expenses $0

Program Expenses $252,396

Other Expenses $3,720

TOTAL EXPENSES $258,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,546	$254,386	+0.2%
Expenses	$258,876	$246,439	+0.1%
Net Income	$37,670	$7,947	+3.7%

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

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

$4,548

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM TOWNER	TREASURER	2.00	Officer	$4,548	$0	$4,548
ALICIA GRANT	MEMBER	1.00	Director	$0	$0	$0
CHERYL KLEIN	MEMBER	1.00	Director	$0	$0	$0
DAVID ODELL	SECRETARY	1.00	Officer	$0	$0	$0
WOODY VANN	PRESIDENT	1.00	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
2025	No data	No data	No data	No data
2024	$296,546	$258,876	$432,787	$37,670
2023	$254,386	$246,439	$395,733	$7,947
2022	$244,567	$254,301	$389,714	$-9,734
2021	$231,591	$231,456	$397,700	$135
2020	$214,397	$237,247	$396,692	$-22,850
2019	$413,312	$233,509	$418,659	$179,803

DURHAM FIREFIGHTERS SUPPLEMENTAL RETIREMENT SYSTE