MIRAMAR FIREFIGHTERS LOCAL 2820 VEBA TRUST FUND (EIN 656379893) - 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

2001

Legal Domicile

Principal Officer

NOEL MARTI

Phone

5616243277

Tax Period

2023-01-01 to 2023-12-31

MIRAMAR FIREFIGHTERS LOCAL 2820 VEBA TRUST FUND, founded in 2001, is a community nonprofit in the Mutual Benefit sector that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 70% operating margin.

Mission

THE FUND PAYS FULL OR PARTIAL HEALTH INSURANCE PREMIUMS AND MEDICAL EXPENSE REIMBURSEMENTS, REIMBURSEMENT OF UNINSURED MEDICAL EXPENSES, BURIAL BENEFITS, CHILDCARE EXPENSES, SICK AND VACATION PAY, HOUSING ASSISTANCE, DISASTER RELIEF, EDUCATION AND TRAINING FOR CITY OF MIRAMAR FIREFIGHTERS.

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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 $1,575,608

Investment Income $722,483

Other Revenue $0

TOTAL REVENUE $2,298,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $116,710

TOTAL EXPENSES $682,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,298,091	$2,092,458	+0.1%
Expenses	$682,763	$865,834	-0.2%
Net Income	$1,615,328	$1,226,624	+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
ROLANDO AGRENOT	TRUSTEE	0.25	Director	$0	$0	$0
RANCEL CABALLERO	TRUSTEE	0.25	Director	$0	$0	$0
NOEL MARTI	CHAIRMAN	0.25	Director	$0	$0	$0
LUIS RODRIGUEZ	SECRETARY	0.25	Director	$0	$0	$0
FRANK RUIZ	TRUSTEE	0.25	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	No data	No data	No data	No data
2023	$2,298,091	$682,763	$19,099,905	$1,615,328
2022	$2,092,458	$865,834	$16,324,417	$1,226,624
2021	$2,564,805	$629,381	$17,759,593	$1,935,424
2020	$1,991,047	$756,061	$14,695,175	$1,234,986
2019	$1,577,390	$562,741	$12,360,093	$1,014,649
2018	$1,497,666	$557,306	$9,807,717	$940,360

MIRAMAR FIREFIGHTERS LOCAL 2820 VEBA TRUST FUND