SARASOTA FIREFIGHTERS' INSURANCE TRUST FUND (EIN 650404976) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

SCOTT BAUR

Phone

9414855193

Tax Period

2022-07-01 to 2023-06-30

SARASOTA FIREFIGHTERS' INSURANCE TRUST FUND, founded in 1993, is a community nonprofit in the Mutual Benefit sector that reported $4.4M in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.0M, a strong 45% operating margin.

Mission

TO PROVIDE HEALTH/MEDICAL AND DISABILITY REIMBURSEMENTS/BENEFITS TO PARTICIPANTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,463,107

Investment Income $1,974,399

Other Revenue $0

TOTAL REVENUE $4,437,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $414,636

TOTAL EXPENSES $2,439,375

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,437,506	$6,912,515	-0.4%
Expenses	$2,439,375	$2,219,193	+0.1%
Net Income	$1,998,131	$4,693,322	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP W VETS	CHAIRMAN	3.00	Officer Director	$0	$0	$0
TIMM BAKER	TRUSTEE	3.00	Officer Director	$0	$0	$0
ROBERT FLYNN	TRUSTEE	3.00	Officer Director	$0	$0	$0
JOHNNY R RIGNEY JR	TRUSTEE	3.00	Director	$0	$0	$0
MATTHEW SCARBOROUGH	TRUSTEE	3.00	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	No data	No data	No data	No data
2023	$4,437,506	$2,439,375	$50,155,423	$1,998,131
2022	$6,912,515	$2,219,193	$45,915,617	$4,693,322
2021	$5,832,802	$2,094,158	$51,283,652	$3,738,644
2020	$3,642,084	$1,999,061	$41,006,744	$1,643,023
2019	$3,537,207	$2,021,875	$39,413,164	$1,515,332
2018	$5,181,825	$1,930,687	$36,790,632	$3,251,138

SARASOTA FIREFIGHTERS' INSURANCE TRUST FUND