Fire Fighters Of Boca Raton Retiree Insurance Trust Fund
Fire Fighters Of Boca Raton Retiree Insurance Trust Fund consistently grows assets with zero reported officer compensation.
EIN: 204998355 · Delray Beach, FL · NTEE: Y44 · Updated: 2026-03-28
Is Fire Fighters Of Boca Raton Retiree Insurance Trust Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fire Fighters Of Boca Raton Retiree Insurance Trust Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fire Fighters Of Boca Raton Retiree Insurance Trust Fund
Fire Fighters Of Boca Raton Retiree Insurance Trust Fund (EIN: 204998355) is a nonprofit organization based in Delray Beach, FL, classified under NTEE code Y44. The organization reported total revenue of $1.4M and total assets of $11.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fire Fighters Of Boca Raton Retiree Insurance Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fire Fighters Of Boca Raton Retiree Insurance Trust Fund with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Fire Fighters Of Boca Raton Retiree Insurance Trust Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the organization. This is highly efficient for an organization of its size, with assets exceeding $8.6 million in 2023.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Fire Fighters Of Boca Raton Retiree Insurance Trust Fund:
- 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.
Frequently Asked Questions about Fire Fighters Of Boca Raton Retiree Insurance Trust Fund
Is Fire Fighters Of Boca Raton Retiree Insurance Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Fire Fighters Of Boca Raton Retiree Insurance Trust Fund (EIN: 204998355) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Fire Fighters Of Boca Raton Retiree Insurance Trust Fund spend its money?
Fire Fighters Of Boca Raton Retiree Insurance Trust Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fire Fighters Of Boca Raton Retiree Insurance Trust Fund tax-deductible?
Fire Fighters Of Boca Raton Retiree Insurance Trust Fund is registered as a tax-exempt nonprofit (EIN: 204998355). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What specific insurance benefits does the trust provide?
The NTEE code Y44 suggests 'Pension, Retirement & Post-Employment Benefit Plans,' indicating the trust likely provides health, life, or other insurance benefits to retired firefighters of Boca Raton, though specific details would require reviewing the full 990 forms or organizational documents.
How does the trust manage its investment assets?
With assets growing from $3.6 million to over $8.6 million in a decade, the trust appears to have a robust investment strategy. However, the specific types of investments and management strategies are not detailed in the summary data provided and would require reviewing the full 990 forms.
What causes the significant fluctuations in annual revenue?
Revenue has varied widely, from $538,377 in 2013 to $2,664,637 in 2022. This could be due to investment gains/losses, varying contributions from the city or union, or other specific funding mechanisms related to retiree benefits. Further investigation into the revenue sources on the 990 forms would be needed.
Filing History
IRS 990 filing history for Fire Fighters Of Boca Raton Retiree Insurance Trust Fund showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Fire Fighters Of Boca Raton Retiree Insurance Trust Fund's revenue has grown by 74%, moving from $544K to $947K. Total assets increased by 202.7% over the same period, from $2.9M to $8.7M. Total functional expenses rose by 447.3%, from $124K to $680K. In its most recent filing year (2023), Fire Fighters Of Boca Raton Retiree Insurance Trust Fund reported a surplus of $267K, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $8.7M in assets (debt-to-asset ratio: 20.9%), resulting in net assets of $6.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $947K | $680K | $8.7M | $1.8M | — | — |
| 2022 | $2.7M | $609K | $7.3M | $1.4M | — | View 990 |
| 2021 | $1.2M | $541K | $8.9M | $1.6M | — | View 990 |
| 2020 | $804K | $513K | $7.4M | $1.5M | — | View 990 |
| 2018 | $727K | $406K | $6.2M | $977K | — | View 990 |
| 2017 | $649K | $375K | $5.6M | $832K | — | View 990 |
| 2016 | $1.4M | $317K | $4.9M | $836K | — | View 990 |
| 2015 | $619K | $268K | $4.4M | $882K | — | View 990 |
| 2014 | $557K | $206K | $4.3M | $929K | — | View 990 |
| 2013 | $538K | $171K | $3.6M | $849K | — | View 990 |
| 2012 | $544K | $124K | $2.9M | $737K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $947K, expenses of $680K, and assets of $8.7M (revenue -64.5% year-over-year).
- 2022: Revenue of $2.7M, expenses of $609K, and assets of $7.3M (revenue +124.5% year-over-year).
- 2021: Revenue of $1.2M, expenses of $541K, and assets of $8.9M (revenue +47.6% year-over-year).
- 2020: Revenue of $804K, expenses of $513K, and assets of $7.4M (revenue +10.6% year-over-year).
- 2018: Revenue of $727K, expenses of $406K, and assets of $6.2M (revenue +12.2% year-over-year).
- 2017: Revenue of $649K, expenses of $375K, and assets of $5.6M (revenue -55.1% year-over-year).
- 2016: Revenue of $1.4M, expenses of $317K, and assets of $4.9M (revenue +133.1% year-over-year).
- 2015: Revenue of $619K, expenses of $268K, and assets of $4.4M (revenue +11.2% year-over-year).
- 2014: Revenue of $557K, expenses of $206K, and assets of $4.3M (revenue +3.4% year-over-year).
- 2013: Revenue of $538K, expenses of $171K, and assets of $3.6M (revenue -1.1% year-over-year).
- 2012: Revenue of $544K, expenses of $124K, and assets of $2.9M.
Data Sources and Methodology
This transparency report for Fire Fighters Of Boca Raton Retiree Insurance Trust Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.