INTERNATIONAL ASSOC OF FIREFIGHTERS LOCAL 55 (EIN 946102227) - 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

1918

Legal Domicile

Principal Officer

SETH OLYER

Phone

5108379672

Tax Period

2024-04-01 to 2025-03-31

INTERNATIONAL ASSOC OF FIREFIGHTERS LOCAL 55, founded in 1918, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 5% surplus.

Mission

TO SERVE OUR MEMBERSHIP BY PROVIDING QUALITY REPRESENTATION, SAFETY EDUCATION AND INSURANCE

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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 $1,814,552

Program Service Revenue $1,467

Investment Income $24,791

Other Revenue $0

TOTAL REVENUE $1,840,810

Expense Breakdown

Grants Paid $61,855

Salaries & Benefits $529,259

Fundraising Expenses $0

Other Expenses $627,840

TOTAL EXPENSES $1,748,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,840,810	$1,780,330	+0.0%
Expenses	$1,748,961	$1,487,732	+0.2%
Net Income	$91,849	$292,598	-0.7%

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

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

$117,873

Total Directors

$153,523

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH OLYER	PRESIDENT	20.00	Officer Director	$42,781	$0	$42,781
ROB MURPHY	VICE PRESIDE	20.00	Officer Director	$32,311	$0	$32,311
MICHAEL HILLESHEIM	SECRETARY/TR	20.00	Officer Director	$42,781	$0	$42,781
MATTHEW BOLLINGER	ADVISORY BOA	20.00	Officer Director	$0	$0	$0
JAMES BOWRON	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREW BRAUER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOE WONG	BOARD MEMBER	2.00	Director	$14,260	$0	$14,260
CASSIE KAYS	BOARD MEMBER	2.00	Director	$0	$0	$0
RAUL HURTAEDO	BOARD MEMBER	2.00	Director	$0	$0	$0
NADER MODAWAR	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS PETERS	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE SPLENDORIO	BOARD MEMBER	2.00	Director	$21,390	$0	$21,390

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	$1,840,810	$1,748,961	$2,673,945	$91,849
2024	$1,780,330	$1,487,732	$2,559,712	$292,598
2023	$1,726,588	$1,562,824	$2,259,275	$163,764
2022	$1,670,381	$1,532,420	$2,090,877	$137,961
2021	$1,660,457	$1,270,183	$1,955,625	$390,274
2020	$1,546,856	$1,353,890	$1,861,243	$192,966
2019	$1,560,991	$1,657,379	$1,811,759	$-96,388

INTERNATIONAL ASSOC OF FIREFIGHTERS LOCAL 55