FIRE FIGHTERS OF BOCA RATON INSURANCE TRUST FUND (EIN 592719781) - 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

1986

Legal Domicile

Principal Officer

ROBERT BATISTA

Phone

5613680282

Tax Period

2023-10-01 to 2024-09-30

FIRE FIGHTERS OF BOCA RATON INSURANCE TRUST FUND, founded in 1986, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2023. Expenses of $5.1M left a modest 9% surplus.

Mission

THE TRUST FUND PROVIDES HEALTH INSURANCE BENEFITS TO ELIGIBLE FIREFIGHTER EMPLOYEES OF THE CITY OF BOCA RATON, FLORIDA.

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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 $0

Program Service Revenue $5,448,757

Investment Income $170,131

Other Revenue $20,000

TOTAL REVENUE $5,638,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $76,593

TOTAL EXPENSES $5,125,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,638,888	$5,381,439	+0.0%
Expenses	$5,125,892	$4,695,602	+0.1%
Net Income	$512,996	$685,837	-0.3%

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
KENNETH BAILES	Trustee	2.00	Director	$0	$0	$0
AARON FIX	Trustee	2.00	Director	$0	$0	$0
ROBERT BATISTA	Chairman	2.00	Director	$0	$0	$0
CASEY DENHARD	Trustee	2.00	Director	$0	$0	$0
JOHN MCCLAIN	Trustee	2.00	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
2025	No data	No data	No data	No data
2024	$5,638,888	$5,125,892	$6,391,172	$512,996
2023	$5,381,439	$4,695,602	$5,140,771	$685,837
2022	$5,151,978	$4,743,565	$4,155,719	$408,413
2021	$5,088,681	$4,529,885	$4,589,187	$558,796
2020	$4,846,354	$3,894,074	$3,692,275	$952,280
2019	$4,433,091	$3,996,421	$2,634,288	$436,670
2018	$4,152,117	$3,737,672	$2,164,627	$414,445

FIRE FIGHTERS OF BOCA RATON INSURANCE TRUST FUND