VOLUNTEER & EXEMPT FIREMEN'S BENEVOLENT ASSN OF INWOOD (EIN 010946106) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1939

Legal Domicile

Principal Officer

RICHARD PERONE

Phone

5162392502

Tax Period

2024-01-01 to 2024-12-31

VOLUNTEER & EXEMPT FIREMEN'S BENEVOLENT ASSN OF INWOOD, founded in 1939, is a micro nonprofit in the Mutual Benefit sector that reported $95K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 71% operating margin.

Mission

TO PROVIDE AID AND FINANCIAL ASSISTANCE TO THE MEMBERS OF THE INWOOD FIRE DEPARTMENT

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $56,626

Program Service Revenue $0

Investment Income $38,638

Other Revenue $0

TOTAL REVENUE $95,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,200

Fundraising Expenses $0

Program Expenses $22,529

Other Expenses $13,826

TOTAL EXPENSES $27,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$95,264	$58,690	+0.6%
Expenses	$27,642	$45,499	-0.4%
Net Income	$67,622	$13,191	+4.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK PARISE	PRESIDENT	2.50	Officer Director	$0	$0	$0
RICHARD PERONE	TREASURER	5.00	Officer Director	$0	$0	$0
JOSEPH REDA	SECRETARY	5.00	Officer Director	$0	$0	$0
KENYATTA STEVENS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL ABRAMS	TRUSTEE	1.00	Director	$0	$0	$0
DANNY LOMBARDO	TRUSTEE	1.00	Director	$0	$0	$0
DOMNICK ANDRENO	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN PEITLER	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS LYNCHSR	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS LYNCHJR	TRUSTEE	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	$95,264	$27,642	$1,068,617	$67,622
2023	$58,690	$45,499	$956,706	$13,191
2022	$87,973	$24,487	$909,198	$63,486
2021	$110,937	$62,197	$971,319	$48,740
2020	$90,813	$29,072	$925,947	$61,741
2019	$81,469	$27,008	$887,897	$54,461

VOLUNTEER & EXEMPT FIREMEN'S BENEVOLENT ASSN OF INWOOD