HONOLULU FIRE DEPARTMENT FIREMENS FUND INC (EIN 990119588) - 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

1968

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

HONOLULU FIRE DEPARTMENT FIREMENS FUND INC, founded in 1968, is a small nonprofit that reported $308K in total revenue in fiscal year 2023. Expenses of $283K left a modest 8% surplus.

Mission

TO ADMINISTER A GROUP INSURANCE PROGRAM TO PROVIDE LIFE INSURANCE AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE FOR THE MEMBERS BENEFIT.

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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 $276,845

Investment Income $31,089

Other Revenue $0

TOTAL REVENUE $307,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,000

Fundraising Expenses $0

Program Expenses $234,189

Other Expenses $42,473

TOTAL EXPENSES $282,662

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,934	$304,569	+0.0%
Expenses	$282,662	$277,992	+0.0%
Net Income	$25,272	$26,577	0.0%

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

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

$6,000

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOLAN NIP	PRESIDENT	4.00	Officer Director	$6,000	$0	$6,000
CLIFFORD WASSMAN	DIRECTOR	1.00	Director	$0	$0	$0
BARON RICO	DIRECTOR	1.00	Director	$0	$0	$0
NELSON FAULKNER	DIRECTOR	1.00	Director	$0	$0	$0
TERRY SEELIG	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM AHUNA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BARNEY HANSON	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF WALLACE	SECRETARY	1.00	Officer 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	$307,934	$282,662	$1,237,052	$25,272
2022	$304,569	$277,992	$1,178,019	$26,577
2021	$420,193	$313,614	$1,247,137	$106,579
2020	$326,978	$354,407	$1,176,681	$-27,429
2019	$361,434	$333,546	$1,134,582	$27,888
2018	$357,321	$330,414	$1,060,650	$26,907

HONOLULU FIRE DEPARTMENT FIREMENS FUND INC