FIRST RESPONDERS BENEFIT TRUST (EIN 815032624) - 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

2016

Principal Officer

JAMES TIPPY

Phone

8322003411

Tax Period

2025-01-01 to 2025-12-31

FIRST RESPONDERS BENEFIT TRUST, founded in 2016, is a community nonprofit in the Public Safety sector that reported $1.4M in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $874K, a strong 61% operating margin.

Mission

FRBT IS A WHOLLY OWNED SUBSIDIARY OF TEXAS POLICE TRUST, A MULTIPLE EMPLOYER TRUST ESTABLISHED AND MAINTAINED UNDER IRC 419A TO PROVIDE BENEFITS TO MEMBERS OF ELIGIBLE LAW ENFORCEMENT AND FIRST RESPONDER ORGANIZATIONS. FRBT IS THE ENTITY THROUGH WHICH ELIGIBLE ORGANIZATIONS ENTER INTO CONTRIBUTION AGREEMENTS, ON BEHALF OF THEIR MEMBERS, TO PARTICIPATE IN THE 419A TRUST, AND WHICH PROCESSES CLAIMS ON BEHALF OF TEXAS POLICE TRUST.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,259,423

Investment Income $250,229

Other Revenue $-65,917

TOTAL REVENUE $1,443,735

Expense Breakdown

Grants Paid $69,289

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $521,599

Other Expenses $485,284

TOTAL EXPENSES $569,852

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,443,735	$1,594,933	-0.1%
Expenses	$569,852	$496,744	+0.1%
Net Income	$873,883	$1,098,189	-0.2%

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
JOSEPH DUNN	DIRECTOR	0.50	Director	$0	$0	$0
DOUG GRIFFITH	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS HAYES	TRUSTEE	0.50	Director	$0	$0	$0
TERRY SEAGLER	SECRETARY	0.50	Officer Director	$0	$0	$0
JAMES TIPPY	CHAIRMAN	2.00	Officer 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	$1,443,735	$569,852	$7,599,361	$873,883

FIRST RESPONDERS BENEFIT TRUST