MIAMI FIREFIGHTERS BENEVOLENT ASSO… - Form 990 Financial Data

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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

1963

Legal Domicile

Principal Officer

ALEX MARTINEZ

Phone

3056333195

Tax Period

2017-06-01 to 2018-05-31

MIAMI FIREFIGHTERS BENEVOLENT ASSOCIATION, founded in 1963, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $72K in total revenue in fiscal year 2017. Net assets of $656K represent 109 months of operating reserves.

Mission

SOCIAL AND CHARITABLE ACTIVITIES

Program Service Accomplishments

Program 1

BENEFITS WERE PROVIDED TO ELIGIBLE MEMBERS FOR MEDICAL EXPENSES WHICH WERE RECOGNIZED BUT NOT FULLY COVERED BY THE MEMBERS MEDICAL INSURANCE COVERAGE. ADMINISTRATIVE EXPENSES WERE ALSO PROVIDED FOR.

Program 2

SOCIAL AND CHARITABLE ACTIVITIES WERE PROVIDED TO MEMBERS. ACTIVITIES SUCH AS TOY DRIVES FOR NEEDY CHILDREN AND DONATIONS TO OTHER CHARITABLE ORGANIZATIONS WERE PROVIDED. ADMINISTRATIVE EXPENSES WERE...

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $102,415

Investment Income $1,442

Other Revenue $-31,431

TOTAL REVENUE $72,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,118

Fundraising Expenses $0

Other Expenses $14,629

TOTAL EXPENSES $76,747

Year-over-Year Comparison

	2017	2016	Change
Revenue	$72,426	$68,671	+0.1%
Expenses	$76,747	$84,320	-0.1%
Net Income	$-4,321	$-15,649	-0.7%

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

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

$15,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX MARTINEZ	PRESIDENT	20.00	Officer	$10,200	$0	$10,200
JAMES HARRISON	TREASURER	20.00	Officer	$5,100	$0	$5,100
TOM PARKS	VICE PRESIDE	N/A	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
2018	$72,426	$76,747	$661,092	$-4,321

MIAMI FIREFIGHTERS BENEVOLENT ASSOCIATION