VOLUNTEER & EXEMPT FIREMAN'S BENEV… - Form 990 Financial Data

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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

2025-01-01 to 2025-12-31

VOLUNTEER & EXEMPT FIREMAN'S BENEVOLENT ASSN OF INWOOD, founded in 1939, is a small nonprofit in the Mutual Benefit sector that reported $104K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $70K, a strong 68% operating margin.

Mission

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

Program Service Accomplishments

Program 1

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 (2025)

Revenue Breakdown

Contributions & Grants $61,625

Program Service Revenue $0

Investment Income $42,467

Other Revenue $0

TOTAL REVENUE $104,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,200

Fundraising Expenses $0

Program Expenses $28,389

Other Expenses $21,360

TOTAL EXPENSES $33,755

Year-over-Year Comparison

	2025	2024	Change
Revenue	$104,092	$95,264	+0.1%
Expenses	$33,755	$27,642	+0.2%
Net Income	$70,337	$67,622	+0.0%

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

N/A

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
MICHAEL ABRAMS	TRUSTEE	1.00	Director	$0	$0	$0
DOMINICK ANDRENO	TRUSTEE	1.00	Director	$0	$0	$0
PAUL DIVER	SECRETARY	5.00	Officer Director	$0	$0	$0
CHRIS KLEIN	TRUSTEE	1.00	Director	$0	$0	$0
FRANK PARISE	PRESIDENT	2.50	Officer Director	$0	$0	$0
RICHARD PERONE	TREASURER	5.00	Officer Director	$0	$0	$0
JOE REDA	TRUSTEE	1.00	Director	$0	$0	$0
ALVARO REYES	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS LYNCH SR	TRUSTEE	1.00	Director	$0	$0	$0
KENYATTA STEVENS	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
2025	$104,092	$33,755	$1,170,063	$70,337
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 FIREMAN'S BENEVOLENT ASSN OF INWOOD