BAY SHORE VOLUNTEER EXEMPT FIREMENS BENEVOLENT ASSOC (EIN 116036931) - 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

1989

Legal Domicile

Principal Officer

JOHN SWANSON

Phone

6318069503

Tax Period

2023-01-01 to 2023-12-31

BAY SHORE VOLUNTEER EXEMPT FIREMENS BENEVOLENT ASSOC, founded in 1989, is a micro nonprofit that reported $691K in total revenue in fiscal year 2023. Revenue fell 304% from the prior year — a significant decline worth monitoring.

Mission

CARE FOR INDIGENT VOLUNTEER FIREFIGHTERS.

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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 $168,508

Program Service Revenue $0

Investment Income $-859,146

Other Revenue $0

TOTAL REVENUE $-690,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,706

Fundraising Expenses $0

Program Expenses $112,275

Other Expenses $104,562

TOTAL EXPENSES $113,268

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-690,638	$338,036	-3.0%
Expenses	$113,268	$353,950	-0.7%
Net Income	$-803,906	$-15,914	+49.5%

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

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

$7,000

Total Directors

$8,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WAHLBERG	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT HULSE	TREASURER	15.00	Officer Director	$0	$0	$0
PHIL MURRAY	TRUSTEE	5.00	Director	$0	$0	$0
JOHN SWANSON	INTERIM PRES	5.00	Officer Director	$3,000	$0	$3,000
ED KUNTZ	DIRECTOR	6.00	Officer Director	$4,000	$0	$4,000
ARTHUR REITMAN	TRUSTEE	0.00	Director	$0	$0	$0
LEONARD ANGEVINE	TRUSTEE	5.00	Director	$1,000	$0	$1,000
ALAN BALL	TRUSTEE	0.00	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
2024	No data	No data	No data	No data
2023	$-690,638	$113,268	$3,666,487	$-803,906
2022	$338,036	$353,950	$3,790,590	$-15,914
2021	$672,504	$309,372	$4,296,835	$363,132
2020	$201,814	$303,763	$2,941,994	$-101,949
2019	$268,372	$258,544	$3,399,932	$9,828
2018	$138,278	$355,968	$3,370,092	$-217,690

BAY SHORE VOLUNTEER EXEMPT FIREMENS BENEVOLENT ASSOC