VOLUNTEER AND EXEMPT FIREMENS BEN ASSN OF FREEPORT (EIN 116036644) - 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

1964

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

VOLUNTEER AND EXEMPT FIREMENS BEN ASSN OF FREEPORT, founded in 1964, is a small nonprofit that reported $366K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $163K, a strong 45% operating margin.

Mission

RELIEF, AID, AND ASSISTANCE TO DISABLED & INDIGENT VOLUNTEER & EXEMPT FIREMEN & 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 $9,960

Program Service Revenue $325,983

Investment Income $30,380

Other Revenue $0

TOTAL REVENUE $366,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $105,160

Other Expenses $98,038

TOTAL EXPENSES $203,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$366,323	$255,936	+0.4%
Expenses	$203,198	$199,278	+0.0%
Net Income	$163,125	$56,658	+1.9%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN NICHOLSON	TRUSTEE	10.00	Director	$0	$0	$0
DAVID BAER	PRESIDENT	10.00	Officer	$0	$0	$0
ALBIE NICOLINO	VICE PRESIDENT	10.00	Officer	$0	$0	$0
THOMAS RAYNOR	SECRETARY	10.00	Officer	$0	$0	$0
ERIC ROBINSON	TREASURER	10.00	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	$366,323	$203,198	$1,267,829	$163,125
2023	$264,705	$207,012	$975,723	$57,693
2023	$255,936	$199,278	$1,068,154	$56,658
2022	$277,907	$214,660	$905,573	$63,247
2021	$170,739	$239,374	$842,326	$-68,635
2020	$224,416	$258,395	$839,997	$-33,979
2019	$230,978	$209,071	$873,933	$21,907

VOLUNTEER AND EXEMPT FIREMENS BEN ASSN OF FREEPORT