VOLUNTEER & EXEMPT FIREMEN'S BENEVOLENT ASSOCIATION OF WESTBURY INC

EIN: 116017003

WESTBURY, NY

Total Revenue
$629,637
Total Expenses
$123,491
Total Assets
$7,348,006
Net Assets
$7,348,006
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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
1940
Legal Domicile
NY
Principal Officer
JOSEPH PASCARELLA
Phone
5163343262
Tax Period
2024-01-01 to 2024-12-31

VOLUNTEER & EXEMPT FIREMEN'S BENEVOLENT ASSOCIATION OF WESTBURY INC, founded in 1940, is a small nonprofit that reported $630K in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $506K, a strong 80% operating margin.

Mission

AID AND ASSISTANCE TO INDIGENT/DISABLED MEMBERS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,510
Program Service Revenue $321,973
Investment Income $305,154
Other Revenue $0
TOTAL REVENUE $629,637

Expense Breakdown

Grants Paid $1,499
Salaries & Benefits $6,200
Fundraising Expenses $0
Program Expenses $69,273
Other Expenses $48,018
TOTAL EXPENSES $123,491

Year-over-Year Comparison

2024 2023 Change
Revenue $629,637 $270,512 +1.3%
Expenses $123,491 $146,253 -0.2%
Net Income $506,146 $124,259 +3.1%
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

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Governance

Voting Members
11
Independent Members
11
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
5
$6,200
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN FRANCHESE TRUSTEE 0.00
Director
$0 $0 $0
MICHAEL CASALI VICE PRESIDENT 0.00
Director
$0 $0 $0
JOHN OLSON TRUSTEE 0.00
Director
$0 $0 $0
JON WICKS TRUSTEE 0.00
Director
$0 $0 $0
KENNETH GASS TRUSTEE 0.00
Director
$0 $0 $0
FRANCIS ZAINO TRUSTEE 0.00
Director
$0 $0 $0
THOMAS DURNAN RECORDING SECRETARY 1.00
Officer
$2,000 $0 $2,000
VINCENT ABBATIELLO FINANCIAL SECRETARY 1.00
Officer
$1,700 $0 $1,700
WALTER STEWART VICE PRESIDENT 0.00
Officer
$0 $0 $0
JOSEPH PASCARELLA PRESIDENT 0.00
Officer
$0 $0 $0
MICHAEL RICE TREASURER 1.00
Officer
$2,500 $0 $2,500
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
2024 $629,637 $123,491 $7,348,006 $506,146
2023 $270,512 $146,253 $6,841,860 $124,259
2022 $204,000 $148,075 $6,717,601 $55,925
2021 $379,561 $115,485 $6,661,676 $264,076
2020 $551,778 $158,137 $6,397,600 $393,641
2019 $345,145 $187,694 $6,003,959 $157,451
2018 $367,763 $67,369 $5,846,508 $300,394
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