International Assoc of Firefighters Miami Assoc of Firefighters LU 587 (EIN 590763105) - 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

1940

Phone

3056333442

Tax Period

2024-03-01 to 2025-02-28

International Assoc of Firefighters Miami Assoc of Firefighters LU 587, founded in 1940, is a small nonprofit that reported $951K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

The Organization is a Labor Union whose members are firefighters of the City of Miami. The Union represents 600 - 650 firefighters by collective bargaining for salaries, benefits, and working conditions. It also provides voluntary life, disability, and dental insurance for its active and retired members.

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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 (2024)

Revenue Breakdown

Contributions & Grants $889,006

Program Service Revenue $7,387

Investment Income $0

Other Revenue $54,650

TOTAL REVENUE $951,043

Expense Breakdown

Grants Paid $2,310

Salaries & Benefits $245,536

Fundraising Expenses $0

Program Expenses $796,455

Other Expenses $718,887

TOTAL EXPENSES $966,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$951,043	$872,886	+0.1%
Expenses	$966,733	$807,944	+0.2%
Net Income	$-15,690	$64,942	-1.2%

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

$172,032

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alexander Cardenas	President	40	Officer	$37,174	$0	$37,174
Raul Cernuda	Treasurer	40	Officer	$25,642	$0	$25,642
Akeem Donaldson	Secretary	40	Officer	$27,464	$0	$27,464
Louis Marshall	Vice President	40	Officer	$25,642	$0	$25,642
Daniel Puentes	Benefits Manager	40	Officer	$9,380	$0	$9,380
Sigfredo Delgado	Executive of President	40	Officer	$12,821	$0	$12,821
Albert Robert	Executive of President	40	Officer	$8,267	$0	$8,267
Nikko Osborne	Executive of President	40	Officer	$25,642	$0	$25,642

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	$951,043	$966,733	$587,581	$-15,690
2024	No data	No data	No data	No data
2023	$830,670	$749,638	$638,748	$81,032
2022	$853,254	$819,709	$564,504	$33,545
2021	$818,905	$681,846	$512,870	$137,059
2020	$783,865	$774,147	$394,460	$9,718
2019	$863,026	$788,126	$361,975	$74,900

International Assoc of Firefighters Miami Assoc of Firefighters LU 587