Professional Fire Fighters of Mass… - Form 990 Financial Data

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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

Legal Domicile

Principal Officer

William Hill

Phone

6175234506

Tax Period

2023-07-01 to 2024-06-30

Professional Fire Fighters of Massachusetts Health and Welfare Trust is a community nonprofit in the Mutual Benefit sector that reported $2.3M in total revenue in fiscal year 2023.

Mission

TO PROVIDE INSURANCE PROGRAMS FOR FIRE FIGHTERS.

Program Service Accomplishments

Program 1

Expenses: $2,465,895

TO PROVIDE LIFE, SICK, ACCIDENTAL OR WELFARE BENEFITS TO EMPLOYEES UNDER IRC 501(C)(9).

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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 $2,292,073

Investment Income $744

Other Revenue $0

TOTAL REVENUE $2,292,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,465,895

Other Expenses $2,476,372

TOTAL EXPENSES $2,479,781

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,292,817	$2,146,335	+0.1%
Expenses	$2,479,781	$1,862,898	+0.3%
Net Income	$-186,964	$283,437	-1.7%

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

N/A

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
Joseph A Fonseca	Chairman	5.00	Officer Director	$0	$0	$0
William E Hill	Treasurer	5.00	Officer Director	$0	$0	$0
Paul Jaques	Trustee	1.00	Director	$0	$0	$0
Jay Colbert	EBoard Representative	1.00	Director	$0	$0	$0
Robert B McCarthy	Retiree Representative	1.00	Director	$0	$0	$0
Brian McCauley	Trustee	1.00	Director	$0	$0	$0
Kurt O'Rourke	Trustee	1.00	Director	$0	$0	$0
Tim Moreau	Trustee	1.00	Director	$0	$0	$0
Colin Walsh	Trustee	1.00	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	$2,292,817	$2,479,781	$191,175	$-186,964
2023	$2,146,335	$1,862,898	$378,139	$283,437
2022	$1,958,851	$2,109,618	$94,702	$-150,767
2021	$1,891,453	$1,877,925	$245,469	$13,528
2020	$1,577,141	$1,546,120	$231,941	$31,021
2019	$1,452,033	$1,452,957	$200,920	$-924

Professional Fire Fighters of Massachusetts Health and Welfare Trust