BALTIMORE CITY FIRE FOUNDATION INC (EIN 760722040) - 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

2002

Legal Domicile

Principal Officer

CHARLES BOLLACK

Phone

4106854912

Tax Period

2024-01-01 to 2024-12-31

BALTIMORE CITY FIRE FOUNDATION INC, founded in 2002, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $56K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Net assets of $554K represent 119 months of operating reserves.

Mission

TO SUPPORT FIRE DEPARTMENT GOALS NOT OTHERWISE POSSIBLE UNDER MUNICIPAL BUDGETS, OFFER BUSINESS COMMUNITY AND PRIVATE CITIZENS AN OPPORTUNITY TO FORM A PARTNERSHIP WITH THEIR FIRE LEADERS, AND TO SUPPORT

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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 $46,989

Program Service Revenue $0

Investment Income $8,913

Other Revenue $0

TOTAL REVENUE $55,902

Expense Breakdown

Grants Paid $56,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,000

Other Expenses $2,853

TOTAL EXPENSES $58,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,902	$66,577	-0.2%
Expenses	$58,853	$40,701	+0.4%
Net Income	$-2,951	$25,876	-1.1%

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

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
CHARLES L BOLLACK	CO-CHAIR AND TREASURER	0.50	Officer	$0	$0	$0
SHANNON FRATTAROLI	PRESIDENT	0.50	Officer	$0	$0	$0
ALEX KATZENBERG	BOARD MEMBER	0.50	Officer	$0	$0	$0
KEVIN O'CONNOR	BOARD MEMBER	0.50	Officer	$0	$0	$0
BERT HASH	BOARD MEMBER	0.50	Officer	$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	$55,902	$58,853	$554,383	$-2,951
2023	$66,577	$40,701	$557,334	$25,876
2022	$219,440	$170,704	$531,458	$48,736
2021	$83,421	$17,342	$482,722	$66,079
2020	$60,231	$22,799	$416,647	$37,432
2019	$79,516	$65,131	$379,215	$14,385
2018	$95,037	$53,316	$364,830	$41,721

BALTIMORE CITY FIRE FOUNDATION INC