ISLIP TERRACE VOLUNTEER EXEMPT

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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

1958

Legal Domicile

Phone

6315817350

Tax Period

2024-01-01 to 2024-12-31

ISLIP TERRACE VOLUNTEER EXEMPT, founded in 1958, is a micro nonprofit in the Mutual Benefit sector that reported $54K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $28K, a strong 53% operating margin.

Mission

THE CARE AND RELIEF OF DISABLED OR INGIDENT VOLUNTEER AND EXEMPT VOLUNTEER FIREMEN AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $7,200 Revenue: $53,368

THE CARE AND RELIEF OF DISABLED OR INDIGENT VOLUNTEER AND EXEMPT VOLUNTEER FIREMEN 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 $25

Program Service Revenue $53,368

Investment Income $216

Other Revenue $0

TOTAL REVENUE $53,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,200

Other Expenses $18,065

TOTAL EXPENSES $25,265

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,609	$74,674	-0.3%
Expenses	$25,265	$17,776	+0.4%
Net Income	$28,344	$56,898	-0.5%

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
PHILIP DIAMOND	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS CHANCE	TRUSTEE	2.00	Director	$0	$0	$0
WALLY WESTHOFF	TRUSTEE	2.00	Director	$0	$0	$0
ANTON NADVORNIK	PRESIDENT	2.00	Officer	$0	$0	$0
JOSEPH FALCI	VICE PRESIDENT	2.00	Officer	$0	$0	$0
RICK HOLLBORN	TRUSTEETREASURER	2.00	Officer	$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	$53,609	$25,265	$1,292,722	$28,344
2023	$74,674	$17,776	$1,251,740	$56,898
2022	$156,221	$40,435	$1,189,026	$115,786
2021	$151,204	$31,331	$1,094,530	$119,873
2020	$152,582	$25,441	$994,674	$127,141
2019	$121,269	$42,150	$914,054	$79,119
2018	$83,981	$55,440	$769,858	$28,541