GREENWICH FIRE FIGHTERS ASSOCIATION LOCAL 1042 (EIN 066063265) - 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

1973

Legal Domicile

Principal Officer

PAUL VODOLA

Phone

2036223972

Tax Period

2023-01-01 to 2023-12-31

GREENWICH FIRE FIGHTERS ASSOCIATION LOCAL 1042, founded in 1973, is a small nonprofit that reported $208K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Net assets of $2.3M represent 133 months of operating reserves.

Mission

THE ORGANIZATION OPERATES AN ANNUAL FUND RAISER AND PROCEEDS ARE USED TO PROVIDE FIREMEN BENEFITS & TRAINING, STUDENT SCHOLARSHIPS, AND VARIOUS MEMBER ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $123,486

Program Service Revenue $1,760

Investment Income $54,259

Other Revenue $28,488

TOTAL REVENUE $207,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $188,246

Other Expenses $213,770

TOTAL EXPENSES $213,770

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,993	$149,377	+0.4%
Expenses	$213,770	$117,664	+0.8%
Net Income	$-5,777	$31,713	-1.2%

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
PAUL VODOLA	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHRIS KELLY	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
KYLE MATTHEWS	SECRETARY	10.00	Officer Director	$0	$0	$0
DUSTIN HOLT	TREASURER	10.00	Officer Director	$0	$0	$0
JASON JERACKA	BOARD MEMBER	4.00	Director	$0	$0	$0
SHAWN MORRIS	BOARD MEMBER	4.00	Director	$0	$0	$0
BILL RICHARDSON	BOARD MEMBER	4.00	Director	$0	$0	$0
ADAM JAKABOWSKI	BOARD MEMBER	4.00	Director	$0	$0	$0
FRANK O'CONNOR	BOARD MEMBER	4.00	Director	$0	$0	$0
JOHN NIXON	BOARD MEMBER	4.00	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	No data	No data	No data	No data
2023	$207,993	$213,770	$2,303,837	$-5,777
2022	$149,377	$117,664	$2,019,958	$31,713
2021	$247,781	$188,393	$2,236,506	$59,388
2020	$195,743	$113,915	$1,956,597	$81,828
2019	$184,898	$157,386	$1,799,623	$27,512
2018	$235,449	$226,073	$1,574,818	$9,376

GREENWICH FIRE FIGHTERS ASSOCIATION LOCAL 1042