Miami Beach Firefighters Benevolent Asso

Nonprofit profile at a glance

EIN
475266095
IRS 990-EZ coverage
2019–2019
Forms available
Form 990-EZ 2019, Form 990-N 2018
Location
Miami, FL, USA
Phone
3056359613
Rating
45
Verdict
MIXED
Rating confidence
Moderate
Sector
Insurance Providers

Reported finances

Revenue
$57,164
Expenses
$46,871
Assets
$31,303
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • BRYAN LAYTON (PRESIDENT)
  • VICTOR WHITE (VICE PRESIDENT)

People named in this filing

  • BRYAN LAYTON (PRESIDENT)
  • CASEY SEIDNER (TREASURER)
  • VICTOR WHITE (VICE PRESIDENT)

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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary purpose of the corporation is to provide financial and other benefits to employees of the miami beach fire department as well as their family members in the event of death, sickness, or disability. Secondary purposes are to provide dependent care for members as well as loans in the event of natural or other disasters as well as for special training and education. The assets of the corporation shall be used solely for purposes permitted pursuant to section 501(c)(9) of the united states internal revenue code and the regulations promulgated thereunder(the " code") and upon liquidation of the corporation all assets shall be transferred to members of the corporation in a non-discriminatory manner.

What it reported doing in 2019

The primary program service is to provide financial and other benefits to employees of the miami beach fire department as well as their family members in the event of death, sickness, or disability.

Operating model

Revenue model
Membership-supported. 80% of the money available for current operations came from membership dues.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 18
  • Transparency & Controls: 82
  • Sustainability: 59
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 17.4%; rating input score 17
  • Program expense ratio: 21.2%; rating input score 21

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 18%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 0.67; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 17.4% of revenue deployed · 21.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $10K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 17/100.
  • High — Financial Efficiency: Program expense ratio scored 21/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.