VOLUNTEER & EXEMPT FIREMENS BENEVOLENT ASSOCIATION (EIN 111618029) - 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

ROBERT PLAYER

Phone

5165690617

Tax Period

2024-01-01 to 2024-12-31

VOLUNTEER & EXEMPT FIREMENS BENEVOLENT ASSOCIATION, founded in 1939, is a small nonprofit that reported $261K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $179K, a strong 69% operating margin.

Mission

PROVIDE AID AND ASSISTANCE TO INDIGENT MEMBERS AND THEIR FAMILIES

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $260,960

TOTAL REVENUE $260,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,917

Fundraising Expenses $0

Program Expenses $73,827

Other Expenses $32,846

TOTAL EXPENSES $81,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$260,960	$198,394	+0.3%
Expenses	$81,781	$70,339	+0.2%
Net Income	$179,179	$128,055	+0.4%

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

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

$12,440

Total Directors

$6,227

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH TAVALARO	PRESIDENT	1.00	Officer	$0	$0	$0
ROBERT J DeROSE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MOSHE BELLEHSEN	FINANCIAL SECRETARY	2.00	Officer	$5,402	$0	$5,402
ROBERT PLAYER	TREASURER	2.00	Officer	$7,038	$0	$7,038
MICHAEL RIZZO	DIRECTOR	1.00	Director	$0	$0	$0
JACK KELLY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL EHLERS	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN WEG	DIRECTOR	1.00	Director	$6,227	$0	$6,227
MICHAEL SASSO	DIRECTOR	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	$260,960	$81,781	$1,650,811	$179,179
2023	$198,394	$70,339	$1,435,680	$128,055
2022	$180,747	$101,589	$1,307,632	$79,158
2021	$161,879	$91,558	$1,228,087	$70,321
2020	$134,702	$84,588	$1,160,389	$50,114
2019	$122,095	$114,305	$1,106,105	$7,790
2018	$124,724	$105,546	$1,098,315	$19,178

VOLUNTEER & EXEMPT FIREMENS BENEVOLENT ASSOCIATION