FT LAUDERDALE FIRE FIGHTERS INSURANCE TRUST FUND (EIN 592139406) - 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

1981

Legal Domicile

Principal Officer

RON TETREAULT

Phone

9547302068

Tax Period

2024-01-01 to 2024-12-31

FT LAUDERDALE FIRE FIGHTERS INSURANCE TRUST FUND, founded in 1981, is a community nonprofit in the Mutual Benefit sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $543K, a strong 54% operating margin.

Mission

THE TRUST FUND WAS CREATED FOR THE PURPOSE OF PROVIDING LIFE, SICK, ACCIDENT, AND OTHER BENEFITS TO ITS MEMBERS IN ACCORDANCE WITH SECTION 501(C)(9) OF THE CODE.

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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 $0

Program Service Revenue $754,441

Investment Income $258,201

Other Revenue $0

TOTAL REVENUE $1,012,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $90,704

TOTAL EXPENSES $469,628

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,012,642	$432,673	+1.3%
Expenses	$469,628	$436,167	+0.1%
Net Income	$543,014	$-3,494	-156.4%

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

N/A

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
DAVID CARTER	TRUSTEE	40.00	Director	$0	$0	$0
KEITH COSTA	SECRETARY	40.00	Director	$0	$0	$0
JOHN C HALL	TRUSTEE	40.00	Director	$0	$0	$0
CHRIS NELSON	TRUSTEE	40.00	Director	$0	$0	$0
RON TETREAULT	CHARIMAN	40.00	Director	$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	$1,012,642	$469,628	$4,194,975	$543,014
2023	$432,673	$436,167	$3,551,238	$-3,494
2022	$556,001	$544,334	$3,106,452	$11,667
2021	$345,673	$358,631	$3,617,124	$-12,958
2020	$458,592	$228,089	$3,138,072	$230,503
2019	$270,546	$217,352	$2,700,546	$53,194
2018	$184,536	$144,778	$2,139,104	$39,758

FT LAUDERDALE FIRE FIGHTERS INSURANCE TRUST FUND