Friends of Firefighters Inc

EIN: 010611469 501(c)(3) Public Safety

Brooklyn, NY

Total Revenue
$1,483,367
Total Expenses
$1,366,554
Total Assets
$367,279
Net Assets
$164,040
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NY
Principal Officer
Nancy Carbone
Phone
7186430980
Tax Period
2024-01-01 to 2024-12-31

Friends of Firefighters Inc, founded in 2022, is a community nonprofit in the Public Safety sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 132% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 8% surplus.

Mission

The organization's mission is to provide long-term support and services through confidential counseling, wellness services, and other assistance required by FDNY firefighters (active and retired) and their families.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,203,563
Program Service Revenue $99,841
Investment Income $5
Other Revenue $179,958
TOTAL REVENUE $1,483,367

Expense Breakdown

Grants Paid $0
Salaries & Benefits $786,865
Fundraising Expenses $121,182
Program Expenses $977,195
Other Expenses $579,689
TOTAL EXPENSES $1,366,554

Year-over-Year Comparison

2024 2023 Change
Revenue $1,483,367 $638,074 +1.3%
Expenses $1,366,554 $1,024,488 +0.3%
Net Income $116,813 $-386,414 -1.3%
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

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Governance

Voting Members
9
Independent Members
9
Employees
10
Volunteers
50

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
5
$94,500
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nancy Carbone Executive Dir. 40.00
Officer
$94,500 $0 $94,500
Daniel Nigro Chairperson 1.00
Officer Director
$0 $0 $0
Andrea Mandell Vice Chair 1.00
Officer Director
$0 $0 $0
Daniel Prince Treasurer 1.00
Officer Director
$0 $0 $0
Mark Tower Secretary 1.00
Officer Director
$0 $0 $0
Damian Echevarrieta Director 1.00
Director
$0 $0 $0
Joshua Calacanis Director 1.00
Director
$0 $0 $0
Arturo Grant Director 1.00
Director
$0 $0 $0
Larry Amsel Director 1.00
Director
$0 $0 $0
Michael Barasch Director 1.00
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 $1,483,367 $1,366,554 $367,279 $116,813
2024 $1,483,367 $1,366,554 $367,279 $116,813
2024 No data No data No data No data
2023 $638,074 $1,024,488 $308,036 $-386,414
2023 $638,074 $1,024,488 $308,036 $-386,414
2022 $486,209 $831,797 $764,104 $-345,588
2021 $1,043,271 $689,741 $802,033 $353,530
2021 $1,206,133 $702,764 $802,033 $503,369
2020 $672,222 $642,941 $373,103 $29,281
2019 $743,078 $627,607 $272,722 $115,471
2018 $136,455 $586,319 $184,000 $-449,864
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