HIALEAH FIREFIGHTERS LOCAL 1102 INSURANCE TRUST FUND (EIN 656118097) - 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

1993

Legal Domicile

Principal Officer

WAYNE PFLUM

Phone

9543895327

Tax Period

2022-07-01 to 2023-06-30

HIALEAH FIREFIGHTERS LOCAL 1102 INSURANCE TRUST FUND, founded in 1993, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2022. Revenue surged 821% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 97% operating margin.

Mission

THE PLAN PROVIDES MEDICAL, DENTAL, VISION AND LIFE INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,887

Other Revenue $1,097,437

TOTAL REVENUE $1,099,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,946

Fundraising Expenses $0

Other Expenses $8,191

TOTAL EXPENSES $36,137

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,099,324	$119,356	+8.2%
Expenses	$36,137	$61,852	-0.4%
Net Income	$1,063,187	$57,504	+17.5%

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
RAUL GONZALEZ	VICE PRESIDE	20.00	Director	$0	$0	$0
ERIC JOHNSON	PRESIDENT	25.00	Director	$0	$0	$0
JOHN NIEVES	SECRETARY	20.00	Director	$0	$0	$0
WAYNE PFLUM	TRUSTEE	40.00	Director	$0	$0	$0
RANDY SMITH	TREASURER	20.00	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	$1,099,324	$36,137	$2,501,506	$1,063,187
2022	$119,356	$59,958	$1,337,703	$59,398
2021	$147,304	$53,963	$1,488,913	$93,341
2020	$2,313,958	$2,501,372	$1,321,585	$-187,414
2019	$4,314,397	$4,723,191	$1,685,913	$-408,794

HIALEAH FIREFIGHTERS LOCAL 1102 INSURANCE TRUST FUND