Defined Benefit Retirement Protection Fund Inc

Nonprofit profile at a glance

EIN
462463807
IRS 990-EZ coverage
2014–2024
Forms available
Form 990-EZ 2024
Location
Palmetto Bay, FL, USA
Phone
3053244004
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$65,283
Expenses
$15,173
Assets
$422,894

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • TOM GABRIEL (PRESIDENT)

People named in this filing

  • TOM GABRIEL (PRESIDENT)
  • WILLIAM BRYSON (TREASURER)
  • JOE BURNS (VP)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary purpose of the organization is to educate the public as to the benefits of defined benefit pension plans for firefighters and other first responders. They believe that changing retirement plan types for firefighters to defined contribution type plans reduces the incentives to work in such a hazardous profession and eventually leads to a lower quality workforce in a job in which their performance often is the difference between life or death to members of the public. They have educated the public in printed articles, seminars, website, disseminated flyers and emails in order to further their goals of protecting defined benefit pensions for public safety officers. They expect this to benefit the community by helping to maintain a high quality of individuals in the fire department.

What it reported doing in 2024

The first accomplishment of the organization is to educate the public as to the benefits of defined benefit pension plans for firefighters and other first responders. They believe that changing retirement plan types for firefighters to defined contribution type plans reduces the incentives to work in such a hazardous profession and eventually leads to a lower quality workforce in a job in which their performance often is the difference between life or death to members of the public. They have educated the public in printed articles, seminars, website, disseminated flyers and emails in order to further their goals of protecting defined benefit pensions for public safety officers. They expect this to benefit the community by helping to maintain a high quality of individuals in the fire department.

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 82
  • Sustainability: 81
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.8%; rating input score 41
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 76.8%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 27.87; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -7.9% per year; rating input score 0; 30th percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 17.3% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 40.8% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $15K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.