PORT WASHINGTON EXEMPT FIREMEN'S BENEVOL (EIN 116025495) - 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

1938

Legal Domicile

Principal Officer

DONALD A KURZ

Phone

5167672488

Tax Period

2024-01-01 to 2024-12-31

PORT WASHINGTON EXEMPT FIREMEN'S BENEVOL, founded in 1938, is a small nonprofit that reported $472K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $211K, a strong 45% operating margin.

Mission

PROVIDE RELIEF & ASSISTANCE TO DISABLED AND OR INJURED VOLUNTEER FIRE PERSONNEL 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 $421,452

Program Service Revenue $0

Investment Income $50,341

Other Revenue $0

TOTAL REVENUE $471,793

Expense Breakdown

Grants Paid $202,405

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $202,405

Other Expenses $58,376

TOTAL EXPENSES $260,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$471,793	$321,576	+0.5%
Expenses	$260,781	$233,680	+0.1%
Net Income	$211,012	$87,896	+1.4%

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

300

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
FREDERICK FALCONER	TREASURER	1.00	Officer Director	$0	$0	$0
JOANNE SCHORNSTEIN	SECRETARY	1.00	Officer Director	$0	$0	$0
EDWARD OLDAK JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANNY SALERNO	3RD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GLENN WOOD	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTIN MASARIK	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN FICO	TRUSTEE	1.00	Director	$0	$0	$0
CJ GOBER	TRUSTEE	1.00	Director	$0	$0	$0
DONALD KURZ	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH PENNETTI	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN RYAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN E SALERNO	TRUSTEE	1.00	Director	$0	$0	$0
LARRY BERGUN	TRUSTEE	1.00	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
2025	No data	No data	No data	No data
2024	$471,793	$260,781	$2,345,133	$211,012
2023	$321,576	$233,680	$1,958,073	$87,896
2022	$262,149	$188,829	$1,854,205	$73,320
2021	$303,852	$192,666	$1,985,228	$111,186
2020	$261,501	$157,838	$1,856,680	$103,663
2019	$255,578	$146,321	$1,720,475	$109,257
2018	$239,644	$123,587	$1,590,555	$116,057

PORT WASHINGTON EXEMPT FIREMEN'S BENEVOL