VOLUNTEER & EXEMPT FIREMENS BENEVOLENT (EIN 116044855) - 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

Tax Period

2023-01-01 to 2023-12-31

VOLUNTEER & EXEMPT FIREMENS BENEVOLENT, founded in 1938, is a small nonprofit that reported $115K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 70% operating margin.

Mission

TO PROVIDE RELIEF, AID, AND ASSITANCE TO INDIGENT AND DISABLED FIREMEN 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 (2023)

Revenue Breakdown

Contributions & Grants $104

Program Service Revenue $102,701

Investment Income $11,770

Other Revenue $0

TOTAL REVENUE $114,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,600

Other Expenses $32,466

TOTAL EXPENSES $34,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,575	$85,906	+0.3%
Expenses	$34,066	$90,130	-0.6%
Net Income	$80,509	$-4,224	-20.1%

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

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
STEPHEN SAMTER	TRUSTEE	1.00	Director	$0	$0	$0
JUDD BERMAN	TRUSTEE	1.00	Director	$0	$0	$0
ADAM SLOTNIK	TRUSTEE	1.00	Director	$0	$0	$0
RAYMOND GARWIN	TRUSTEE	1.00	Director	$0	$0	$0
DWAIN FAGER	PRESIDENT	1.00	Officer	$0	$0	$0
LEE FAGER	TREASURER	4.00	Officer	$0	$0	$0
JEFFERY REDASH	SECRETARY	4.00	Officer	$0	$0	$0
RICHARD JANKOWSKY	VICE PRESIDENT	1.00	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	No data	No data	No data	No data
2023	$114,575	$34,066	$1,115,275	$80,509
2022	$85,906	$90,130	$1,049,429	$-4,224
2021	$93,208	$71,057	$1,082,318	$22,151
2020	$88,749	$92,702	$1,026,050	$-3,953
2019	$77,438	$48,274	$989,973	$29,164

VOLUNTEER & EXEMPT FIREMENS BENEVOLENT