JACKSONVILLE POLICE AND FIREFIGHTER HEALTH INSURANCE TRUST (EIN 826808969) - 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

2018

Principal Officer

RANDY WYSE

Phone

9048057750

Tax Period

2023-10-01 to 2024-09-30

JACKSONVILLE POLICE AND FIREFIGHTER HEALTH INSURANCE TRUST, founded in 2018, is a mid-sized nonprofit in the Mutual Benefit sector that reported $68.5M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $65.4M left a modest 5% surplus.

Mission

THE TRUST WILL PROVIDE ELIGIBLE EMPLOYEES AND RETIREES FROM THE CITY OF JACKSONVILLE, FRATERNAL ORDER OF POLICE, JACKSONVILLE CONSOLIDATED LODGE 5 -30, AND THE JACKSONVILLE ASSOCIATION OF FIREFIGHTERS, LOCAL 122, IAFF WITH GROUP HEALTH INSURANCE BENEFITS. THESE BENEFITS WILL ALSO BE AVAILABLE TO ELIGIBLE FAMILY MEMBERS AND DEPENDENTS OF EMPLOYEES AND RETIREES. PROVISION OF SAID BENEFITS IS THE SOLE PURPOSE OF THE 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 (2023)

Revenue Breakdown

Contributions & Grants $61,578,993

Program Service Revenue $0

Investment Income $6,955,918

Other Revenue $0

TOTAL REVENUE $68,534,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,174

Fundraising Expenses $0

Other Expenses $65,367,311

TOTAL EXPENSES $65,402,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,534,911	$58,691,803	+0.2%
Expenses	$65,402,485	$61,963,215	+0.1%
Net Income	$3,132,426	$-3,271,412	-2.0%

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

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
RANDY REAVES	CHAIRMAN	2.00	Officer	$0	$0	$0
KELLY DOBSON	VICE CHAIRMA	2.00	Officer	$0	$0	$0
JAMES HOLDERFIELD	SECRETARY	2.00	Officer	$0	$0	$0
JAMIE JOHNSON	BOARD MEMBER	2.00	Officer	$0	$0	$0
CRIS KEITH	BOARD MEMBER	2.00	Officer	$0	$0	$0
BOBBY DEAL	OFFICER	2.00	Officer	$0	$0	$0
TONY STIVERS	OFFICER	2.00	Officer	$0	$0	$0
JOHN KEANE	OFFICER	2.00	Officer	$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	$68,534,911	$65,402,485	$83,082,342	$3,132,426
2023	$58,691,803	$61,963,215	$76,613,417	$-3,271,412
2022	$57,648,471	$53,297,009	$79,821,931	$4,351,462

JACKSONVILLE POLICE AND FIREFIGHTER HEALTH INSURANCE TRUST