SOUTH FARMINGDALE VOLUNTEER & EXEM… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

ROBERT MARTENS

Phone

5165278446

Tax Period

2024-01-01 to 2024-12-31

SOUTH FARMINGDALE VOLUNTEER & EXEMPT FIR, founded in 1964, is a small nonprofit that reported $193K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $154K, a strong 80% operating margin.

Mission

TO PROVIDE BENEFITS TO ACTIVE AND RETIRED VOLUNTEER FIREMEN THAT ARE ILL OR OTHERWISE INCAPACITATED.

Program Service Accomplishments

Program 1

Expenses: $27,078 Revenue: $3,028

TO PROVIDE BENEFITS TO ACTIVE AND RETIRED VOLUNTEER FIREMEN THAT ARE ILL OR OTHERWISE INCAPACITATED.

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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 $97,818

Program Service Revenue $3,028

Investment Income $91,871

Other Revenue $0

TOTAL REVENUE $192,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,078

Other Expenses $11,588

TOTAL EXPENSES $38,666

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,717	$140,763	+0.4%
Expenses	$38,666	$16,658	+1.3%
Net Income	$154,051	$124,105	+0.2%

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

150

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
MICHAEL SUWALSKI	Trustee	0.00	Director	$0	$0	$0
GARY FORRY	Trustee	0.00	Director	$0	$0	$0
THOMAS RIZZO	Trustee	0.00	Director	$0	$0	$0
THOMAS FLANAGAN	Trustee	0.00	Director	$0	$0	$0
RALPH ATORIA	Trustee	0.00	Director	$0	$0	$0
THOMAS SCHWARZ	Trustee	0.00	Director	$0	$0	$0
CHARLES COTTONE	Trustee	0.00	Director	$0	$0	$0
PAUL BENEVENTO	SARGEANT AT ARM	0.00	Officer	$0	$0	$0
PHILIP FRONTINO	Treasurer	2.00	Officer	$0	$0	$0
EDMUND SCHMIDT	Vice President	0.00	Officer	$0	$0	$0
ROBERT MARTENS	President	3.00	Officer	$0	$0	$0
JOHN FARRIGAN	Secretary	2.00	Officer	$0	$0	$0
WILLIAM HILLS	Fin'l Secretary	0.00	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	$192,717	$38,666	$1,852,578	$154,051
2023	$140,763	$16,658	$1,622,455	$124,105
2022	$118,463	$30,611	$1,410,813	$87,852
2021	$145,529	$35,501	$1,470,689	$110,028
2020	$114,697	$26,994	$1,318,568	$87,703
2019	$114,149	$25,149	$1,188,437	$89,000
2018	$140,217	$40,104	$1,045,303	$100,113

SOUTH FARMINGDALE VOLUNTEER & EXEMPT FIR