LOS ANGELES COUNTY FIREMENS BENEFIT AND WELFARE ASSOCIATION INC (EIN 956100542) - 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

1961

Legal Domicile

Phone

3233374735

Tax Period

2023-01-01 to 2023-12-31

LOS ANGELES COUNTY FIREMENS BENEFIT AND WELFARE ASSOCIATION INC, founded in 1961, is a small nonprofit that reported $588K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $561K left a modest 5% surplus.

Mission

PUBLICATION OF MONTHLY MEMBER MAGAZINE AND PROVIDE AN ANNUAL PICNIC FOR CURRENT AND RETIRED FIRE DEPARTMENT MEMBER PERSONNEL AND THEIR FAMILIES.

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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 $582,507

Program Service Revenue $0

Investment Income $1,913

Other Revenue $3,880

TOTAL REVENUE $588,300

Expense Breakdown

Grants Paid $15,904

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $279,162

Other Expenses $545,353

TOTAL EXPENSES $561,257

Year-over-Year Comparison

	2023	2022	Change
Revenue	$588,300	$520,291	+0.1%
Expenses	$561,257	$471,958	+0.2%
Net Income	$27,043	$48,333	-0.4%

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

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
STEVE BERNAU	President	1.00	Officer	$0	$0	$0
DAVE BOWMAN	Vice President	1.00	Officer	$0	$0	$0
CHRISTINE WARD	Secretary	2.00	Officer	$0	$0	$0
KEVIN WELSH	Treasurer	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
2024	No data	No data	No data	No data
2023	$588,300	$561,257	$376,383	$27,043
2022	$520,291	$471,958	$349,530	$48,333
2020	$263,687	$321,151	$284,638	$-57,464
2019	$320,593	$338,287	$323,502	$-17,694
2018	$292,555	$302,222	$341,196	$-9,667

LOS ANGELES COUNTY FIREMENS BENEFIT AND WELFARE ASSOCIATION INC