LAS VEGAS FIREFIGHTERS RETIREE HEALTHCARE SUBSIDY TRUST (EIN 814566039) - 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

2017

Legal Domicile

Principal Officer

JOHN KELLEY

Phone

7027348601

Tax Period

2024-01-01 to 2024-12-31

LAS VEGAS FIREFIGHTERS RETIREE HEALTHCARE SUBSIDY TRUST, founded in 2017, is a community nonprofit in the Mutual Benefit sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 150% from the prior year, signaling strong growth momentum. The organization ran a surplus of $767K, a strong 31% operating margin.

Mission

THE TRUST PROVIDES A RETIREE CREDIT PROGRAM TO HELP ELIGIBLE PARTICIPANTS OFFSET THE COST OF RETIREE HEALTH COVERAGE IN THE LAS VEGAS HEALTH AND WELFARE TRUST OR OTHER HEALTHCARE COVERAGE PROVIDED THOUGH AN INDIVIDUAL OR GROUP INSURANCE POLICY OR PLAN.

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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 $0

Program Service Revenue $952,704

Investment Income $1,558,091

Other Revenue $0

TOTAL REVENUE $2,510,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $119,151

TOTAL EXPENSES $1,743,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,510,795	$1,003,291	+1.5%
Expenses	$1,743,802	$1,458,150	+0.2%
Net Income	$766,993	$-454,859	-2.7%

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

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
JOHN KELLEY	CHAIRMAN	1.0	Officer Director	$0	$0	$0
JAMES SUAREZ	TRUSTEE	1.0	Director	$0	$0	$0
JOHN KRUMM	TRUSTEE	1.0	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	$2,510,795	$1,743,802	$22,147,225	$766,993
2023	$1,003,291	$1,458,150	$19,976,086	$-454,859
2022	$993,324	$1,310,520	$17,577,069	$-317,196
2021	$1,462,673	$1,113,308	$20,441,780	$349,365
2020	$1,791,719	$1,046,387	$17,990,460	$745,332
2019	$1,302,652	$872,569	$16,184,277	$430,083
2018	$1,093,165	$770,838	$13,590,847	$322,327

LAS VEGAS FIREFIGHTERS RETIREE HEALTHCARE SUBSIDY TRUST