VOLUNTEER EXEMPT FIREMEN'S BENEVOLENT ASSOCIATION OF HICKSVILLE (EIN 116013958) - 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

CHARLES RAEDY

Phone

5169336444

Tax Period

2024-07-01 to 2025-06-30

VOLUNTEER EXEMPT FIREMEN'S BENEVOLENT ASSOCIATION OF HICKSVILLE, founded in 1939, is a small nonprofit that reported $447K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $212K, a strong 47% operating margin.

Mission

BENEVOLENT SERVICES TO FIREMEN

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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 $89,019

Other Revenue $358,000

TOTAL REVENUE $447,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $193,442

Other Expenses $234,764

TOTAL EXPENSES $234,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$447,019	$257,826	+0.7%
Expenses	$234,764	$210,610	+0.1%
Net Income	$212,255	$47,216	+3.5%

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

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
JERRY NOLAN	SECRETARY	2.00	Officer	$0	$0	$0
JOHN DOUGHTY	TREASURER	2.00	Officer	$0	$0	$0
JACK HANIFAN	ASSISTANT TREASURER	2.00	Officer	$0	$0	$0
JOSEPH MILITO	FINANCIAL SECRETARY	2.00	Officer	$0	$0	$0
GARY FIPPENGER	2ND VICE PRESIDENT	2.00	Officer	$0	$0	$0
THOMAS OFENLOCH	PRESIDENT	2.00	Officer	$0	$0	$0
STEPHEN JOYCE	1ST VICE PRESIDENT	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
2025	No data	No data	No data	No data
2025	$447,019	$234,764	$1,965,811	$212,255
2024	$257,826	$210,610	$1,787,961	$47,216
2023	$299,516	$226,201	$1,641,831	$73,315
2022	$260,698	$204,267	$1,533,789	$56,431
2021	$312,433	$194,210	$1,720,067	$118,223
2020	$262,730	$159,661	$1,473,920	$103,069
2019	$274,757	$174,765	$1,575,391	$99,992
2018	$293,511	$165,652	$1,483,821	$127,859

VOLUNTEER EXEMPT FIREMEN'S BENEVOLENT ASSOCIATION OF HICKSVILLE