CORAM VOLUNTEER & EXEMPT FIREMEN'S BENEVOLENT ASSOCIATION INC (EIN 113047429) - 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

1969

Principal Officer

JAMES WOOD

Phone

6314447122

Tax Period

2024-01-01 to 2024-12-31

CORAM VOLUNTEER & EXEMPT FIREMEN'S BENEVOLENT ASSOCIATION INC, founded in 1969, is a small nonprofit that reported $192K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $115K, a strong 60% operating margin.

Mission

THE ASSOCIATION'S PRIMARY FUNCTION IS TO PROVIDE FINANCIAL ASSISTANCE FOR INDIGENT FIREFIGHTERS 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 $788

Program Service Revenue $0

Investment Income $90,634

Other Revenue $100,921

TOTAL REVENUE $192,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $77,030

TOTAL EXPENSES $77,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,343	$205,781	-0.1%
Expenses	$77,030	$76,130	+0.0%
Net Income	$115,313	$129,651	-0.1%

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
JEROME DELLI BOVI	TRUSTEE	1.00	Director	$0	$0	$0
LINDA DION	TREASURER	5.00	Officer Director	$0	$0	$0
RAY DION	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN DONOVAN	FINANCIAL SE	2.00	Officer Director	$0	$0	$0
JAMES DOWLING	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JUDY HELLMANN	RECORDING SE	2.00	Officer Director	$0	$0	$0
THOMAS LYON	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WALTERS	TRUSTEE	1.00	Director	$0	$0	$0
JAMES WOOD	PRESIDENT	2.00	Officer 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	$192,343	$77,030	$1,948,218	$115,313
2023	$205,781	$76,130	$1,832,905	$129,651
2022	$47,863	$114,219	$1,703,254	$-66,356
2021	$177,997	$80,755	$1,769,610	$97,242
2020	$151,826	$44,733	$1,672,368	$107,093
2019	$198,716	$47,197	$1,565,275	$151,519
2018	$81,908	$80,586	$1,413,756	$1,322

CORAM VOLUNTEER & EXEMPT FIREMEN'S BENEVOLENT ASSOCIATION INC