WOONSOCKET FIREMEN'S RELIEF ASSOCIATION

EIN: 050388183

WOONSOCKET, RI

Total Revenue
$151,336
Total Expenses
$172,411
Total Assets
$2,625,479
Net Assets
$2,625,479
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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
1980
Legal Domicile
RI
Principal Officer
MICHAEL VOLANTE
Phone
4017654460
Tax Period
2025-01-01 to 2025-12-31

WOONSOCKET FIREMEN'S RELIEF ASSOCIATION, founded in 1980, is a small nonprofit that reported $151K in total revenue in fiscal year 2025. Expenses of $172K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE FINANCIAL RELIEF, INCLUDING MEDICAL COVERAGE.

Program Service Accomplishments

Program 1
Expenses: $131,754

MEDICAL AND DEATH BENEFITS PAID FOR MEMBERS

Program 2
Expenses: $1,000

GRANTS AND SCHOLARSHIPS

Program 3
Expenses: $1,172

MEMORIAL SERVICES

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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 (2025)

Revenue Breakdown

Contributions & Grants $5,640
Program Service Revenue $0
Investment Income $145,696
Other Revenue $0
TOTAL REVENUE $151,336

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $7,300
Fundraising Expenses $0
Program Expenses $133,926
Other Expenses $32,357
TOTAL EXPENSES $172,411

Year-over-Year Comparison

2025 2024 Change
Revenue $151,336 $-69,550 -3.2%
Expenses $172,411 $159,363 +0.1%
Net Income $-21,075 $-228,913 -0.9%
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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Governance

Voting Members
10
Independent Members
10
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
5
$6,600
Total Directors
11
$7,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY HENAULT PRESIDENT 5.00
Officer Director
$0 $1,000 $1,000
MITCHELL DAVIS VICE PRESIDENT 2.00
Officer Director
$0 $500 $500
ROBERT CAHILL TREASURER THRU DECEMBER 3.00
Officer Director
$0 $3,600 $3,600
PETER COURNOYER SECRETARY 10.00
Officer Director
$0 $1,500 $1,500
JONATHAN ZIELINSKI TRUSTEE 2.00
Director
$0 $100 $100
ANDREW SWITZER TRUSTEE 2.00
Director
$0 $100 $100
BRANDON ROURKE TRUSTEE 2.00
Director
$0 $100 $100
WILLIAM GRAVEL TRUSTEE 2.00
Director
$0 $200 $200
SCOTT HAMPSON TRUSTEE 2.00
Director
$0 $100 $100
MICHAEL VOLANTE TREASURER AS OF DECEMBER 3.00
Officer Director
$0 $0 $0
COREY WASHINGTON TRUSTEE 2.00
Director
$0 $100 $100
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 $151,336 $172,411 $2,625,479 $-21,075
2024 $-69,550 $159,363 $2,646,554 $-228,913
2023 $136,978 $157,852 $2,875,467 $-20,874
2022 $1,465,589 $163,031 $2,896,341 $1,302,558
2021 $135,474 $156,769 $1,593,783 $-21,295
2020 $179,804 $137,104 $1,615,078 $42,700
2019 $100,707 $170,130 $1,572,378 $-69,423
2018 $435,378 $146,642 $1,641,801 $288,736
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