VOLUNTEER & EXEMPT FIREMENS BENEVOLENT (EIN 116022471) - 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

1930

Legal Domicile

Tax Period

2023-05-01 to 2024-04-30

VOLUNTEER & EXEMPT FIREMENS BENEVOLENT, founded in 1930, is a small nonprofit that reported $172K in total revenue in fiscal year 2023. The organization ran a surplus of $72K, a strong 42% operating margin.

Mission

To assist our members, Floral Park Volunteer Firefighters and their families, when a member is disabled or indigent

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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 (2023)

Revenue Breakdown

Contributions & Grants $650

Program Service Revenue $0

Investment Income $20,961

Other Revenue $150,652

TOTAL REVENUE $172,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,732

Other Expenses $17,494

TOTAL EXPENSES $100,226

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,263	$172,766	0.0%
Expenses	$100,226	$109,145	-0.1%
Net Income	$72,037	$63,621	+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

N/A

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	Role	Reportable Comp	Other Comp	Total
NICK BARTKUS	TRUSTEEE	Director	$0	$0	$0
EDWARD FLETCHER	TRUSTEE	Director	$0	$0	$0
MICHAEL OSTIPWKO	TRUSTEE	Director	$0	$0	$0
AL TRASOLINI	TRUSTEE	Director	$0	$0	$0
JAMES SMITH	TRUSTEE	Director	$0	$0	$0
LOU DISUNNO	TRUSTEEE	Director	$0	$0	$0
MICHAEL LONGOBARDI	TREASURER	Officer Director	$0	$0	$0
CHARLES RASSIGA	SECRETARY	Officer Director	$0	$0	$0
PAUL PINTO	PRESIDENT	Officer Director	$0	$0	$0
ED ROTHENBERG	ASST SERETARY	Officer Director	$0	$0	$0
KENNETH FAIRBEN	VICE PRESIDENT	Officer Director	$0	$0	$0
WILLIAM GREEN	ASST TREASURER	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	$172,263	$100,226	$1,162,605	$72,037
2023	$172,766	$109,145	$1,005,422	$63,621
2022	$193,850	$77,056	$1,025,223	$116,794
2021	$129,132	$109,578	$918,429	$19,554
2020	$106,988	$118,612	$689,551	$-11,624
2019	$135,198	$65,322	$769,602	$69,876

VOLUNTEER & EXEMPT FIREMENS BENEVOLENT