WOONSOCKET FIREMEN'S RELIEF ASSOCIATION (EIN 050388183) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

ROBERT CAHILL

Phone

4017654460

Tax Period

2024-01-01 to 2024-12-31

WOONSOCKET FIREMEN'S RELIEF ASSOCIATION, founded in 1980, is a micro nonprofit that reported $70K in total revenue in fiscal year 2024. Revenue fell 151% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE FINANCIAL RELIEF; INCLUDING MEDICAL COVERAGE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,498

Program Service Revenue $0

Investment Income $-76,048

Other Revenue $0

TOTAL REVENUE $-69,550

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $7,200

Fundraising Expenses $0

Program Expenses $121,580

Other Expenses $31,595

TOTAL EXPENSES $159,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-69,550	$136,978	-1.5%
Expenses	$159,363	$157,852	+0.0%
Net Income	$-228,913	$-20,874	+10.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$6,100

Total Directors

$6,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN POLACEK	PRESIDENT	5.00	Officer Director	$1,000	$0	$1,000
TIMOTHY HENAULT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT CAHILL	TREASURER	3.00	Officer Director	$3,600	$0	$3,600
PETER COURNOYER	SECRETARY	10.00	Officer Director	$1,500	$0	$1,500
JONATHAN ZIELINSKI	TRUSTEE	2.00	Director	$0	$0	$0
MITCHELL DAVIS	TRUSTEE	2.00	Director	$0	$0	$0
BRANDON ROURKE	TRUSTEE	2.00	Director	$0	$0	$0
COREY WASHINGTON	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT HAMPSON	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM GRAVEL	TRUSTEE	3.00	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	$-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

WOONSOCKET FIREMEN'S RELIEF ASSOCIATION