Pasadena Firefighters Association Benefit Trust (EIN 957045890) - 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

1998

Legal Domicile

Principal Officer

Victor Lazaryan

Phone

8337282746

Tax Period

2023-01-01 to 2023-12-31

Pasadena Firefighters Association Benefit Trust, founded in 1998, is a small nonprofit in the Mutual Benefit sector that reported $828K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $916K exceeded revenue, resulting in a 11% operating deficit.

Mission

To pay premium costs for eligible retirees, surviving spouses & dependents.

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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 $0

Program Service Revenue $568,115

Investment Income $260,041

Other Revenue $0

TOTAL REVENUE $828,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $259,484

TOTAL EXPENSES $916,049

Year-over-Year Comparison

	2023	2022	Change
Revenue	$828,156	$876,436	-0.1%
Expenses	$916,049	$796,805	+0.1%
Net Income	$-87,893	$79,631	-2.1%

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
Victor Lazaryan	Chairman	1.00	Director	$0	$0	$0
Scott Austin	Trustee	1.00	Director	$0	$0	$0
Josef Konrad	Trustee	1.00	Director	$0	$0	$0
Kari Jenkins	Trustee	1.00	Director	$0	$0	$0
Chien YU	Trustee	1.00	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	$828,156	$916,049	$8,272,438	$-87,893
2022	$876,436	$796,805	$7,423,178	$79,631
2021	$1,558,956	$729,462	$8,942,151	$829,494
2020	$1,128,742	$688,153	$7,906,007	$440,589
2019	$786,266	$657,312	$7,158,889	$128,954
2018	$826,019	$504,921	$6,074,244	$321,098

Pasadena Firefighters Association Benefit Trust