SAN MATEO FIREFIGHTERS WIDOWS AND ORPHANS DBA MUTUAL AID FUND (EIN 946169238) - 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

2000

Legal Domicile

Phone

6503416006

Tax Period

2025-01-01 to 2025-12-31

SAN MATEO FIREFIGHTERS WIDOWS AND ORPHANS DBA MUTUAL AID FUND, founded in 2000, is a small nonprofit that reported $189K in total revenue in fiscal year 2025. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $153K, a strong 81% operating margin.

Mission

ACCUMULATING FUNDS FOR THE DISTRIBUTION OF BENEFITS TO WIDOWS AND ORPHANS OF SAN MATEO FIREFIGHTERS. PAYMENT OF EXPENSES RELATED TO THOSE DISTRIBUTIONS.

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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 $0

Investment Income $188,644

Other Revenue $0

TOTAL REVENUE $188,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $35,875

TOTAL EXPENSES $35,875

Year-over-Year Comparison

	2025	2024	Change
Revenue	$188,644	$139,013	+0.4%
Expenses	$35,875	$20,850	+0.7%
Net Income	$152,769	$118,163	+0.3%

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
MIKE THORVUND	President	1.00	Officer	$0	$0	$0
CHRISTIAN OLAZAR	Treasurer	1.00	Officer	$0	$0	$0
ERIC IKEDA	Secretary	1.00	Officer	$0	$0	$0
JOE NOVELLI	Director	1.00	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
2025	$188,644	$35,875	$2,471,842	$152,769
2024	$139,013	$20,850	$2,127,741	$118,163
2023	$53,326	$43,850	$1,845,890	$9,476
2022	$67,980	$80,850	$1,530,979	$-12,870
2021	$133,167	$5,850	$2,056,884	$127,317
2020	$90,173	$34,685	$1,898,047	$55,488
2019	$48,815	$36,302	$1,599,465	$12,513
2018	$91,267	$36,659	$1,631,302	$54,608

SAN MATEO FIREFIGHTERS WIDOWS AND ORPHANS DBA MUTUAL AID FUND