PITTSBURGH FIRE FIGHTERS LOCAL 1 RETIREE MEDICAL TRUST (EIN 823684595) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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 IS A TAX-EXEMPT VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA), WITHIN THE MEANING OF INTERNAL REVENUE CODE SECTION 501(C)(9), ESTABLISHED TO PROVIDE FOR THE PAYMENT OF RETIREE MEDICAL BENEFITS TO ELIGIBLE PARTICPANTS, DEPENDENTS AND/OR THEIR BENEFICIARIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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