PITTSBURGH FIRE FIGHTERS LOCAL 1 R… - 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

Formation Year

2018

Legal Domicile

Principal Officer

JOHN GARDELL

Phone

4122242109

Tax Period

2023-01-01 to 2023-12-31

PITTSBURGH FIRE FIGHTERS LOCAL 1 RETIREE MEDICAL TRUST, founded in 2018, is a community nonprofit in the Mutual Benefit sector that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.8M, a strong 95% operating margin.

Mission

THIS PLAN WAS ESTABLISHED PURSUANT TO THE TERMS AND CONDITIONS OF THE PITTSBURGH FIRE FIGHTERS LOCAL 1 RETIREE MEDICAL TRUST (THE TRUST) TO PROVIDE RETIREE MEDICAL BENEFITS TO ELIGIBLE PARTICIPANTS, DEPENDENTS AND/OR THEIR BENEFICIARIES.

Program Service Accomplishments

Program 1

Expenses: $150,804 Revenue: $2,600,730

BENEFIT PAYMENTS ARE TO BE USED FOR THE REIMBURSEMENT OR PAYMENT OF QUALIFIED MEDICAL EXPENSES AND MEDICAL PREMIUMS WHEN THE PARTICIPANT HAS EARNED THE REQUIRED NUMBER OF YEARS OF SERVICE, REACHED...

BENEFIT PAYMENTS ARE TO BE USED FOR THE REIMBURSEMENT OR PAYMENT OF QUALIFIED MEDICAL EXPENSES AND MEDICAL PREMIUMS WHEN THE PARTICIPANT HAS EARNED THE REQUIRED NUMBER OF YEARS OF SERVICE, REACHED NORMAL RETIREMENT AGE AS DEFINED BY THE PLAN, RETIRED FROM SERVICE, AND DOES NOT RECEIVE ANY OTHER RETIREE MEDICAL BENEFITS FROM THE CITY OF PITTSBURGH, PA UPON RETIREMENT.

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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 $2,600,730

Investment Income $394,734

Other Revenue $0

TOTAL REVENUE $2,995,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,804

Other Expenses $73,860

TOTAL EXPENSES $150,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,995,464	$2,739,600	+0.1%
Expenses	$150,804	$117,868	+0.3%
Net Income	$2,844,660	$2,621,732	+0.1%

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

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 GARDELL	TRUSTEE	10.00	Director	$0	$0	$0
TIM LEECH	TRUSTEE	6.00	Director	$0	$0	$0
TED CAREY	TRUSTEE	6.00	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
2024	No data	No data	No data	No data
2023	$2,995,464	$150,804	$14,055,384	$2,844,660
2022	$2,739,600	$117,868	$10,355,371	$2,621,732
2021	$2,387,189	$94,413	$8,968,687	$2,292,776
2020	$2,273,332	$53,178	$6,298,334	$2,220,154
2019	$1,983,583	$44,388	$3,811,699	$1,939,195
2018	$1,733,994	$3,393	$1,663,833	$1,730,601

PITTSBURGH FIRE FIGHTERS LOCAL 1 RETIREE MEDICAL TRUST