Is Fire Fighters Of Boca Raton Retiree Insurance Trust Fund Legit?
Quick charity verification for Fire Fighters Of Boca Raton Retiree Insurance Trust Fund (EIN: 204998355)
Verdict: Fire Fighters Of Boca Raton Retiree Insurance Trust Fund appears trustworthy
90/100Mission Score
$1.4MRevenue
$11.2MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth: Assets have grown from $3.6 million in 2013 to $8.6 million in 2023, demonstrating strong financial management.
Zero officer compensation: No compensation is reported for officers, directors, trustees, or key employees across all filings, indicating high efficiency.
Low administrative overhead: The nature of a trust fund with no officer compensation suggests very low administrative costs, maximizing resources for beneficiaries.
Stable expense management: Despite fluctuating revenues, expenses have remained relatively controlled and consistent, ensuring financial stability.
AI Transparency Report
The Fire Fighters Of Boca Raton Retiree Insurance Trust Fund appears to be in a stable financial position, consistently growing its assets over the past decade, from $3.6 million in 2013 to over $8.6 million in 2023. The organization's revenue has fluctuated significantly year-to-year, with a high of $2.66 million in 2022 and a low of $538,377 in 2013, indicating reliance on variable income streams. However, expenses have remained relatively controlled and consistent, typically well below revenue, allowing for asset accumulation. The trust's primary function is to manage insurance benefits for retirees, which inherently involves a different spending profile than direct service charities. The consistent growth in assets suggests effective management of its trust fund responsibilities. The absence of reported officer compensation across all filings indicates a high degree of financial efficiency and a focus on the trust's beneficiaries rather than administrative overhead related to executive pay.