VOLUNTEER EXEMPT FIREMAN'S BENEVOLENT ASSOCIATION INC (EIN 116078593) - 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

1972

Legal Domicile

Principal Officer

HAROLD HERBERT

Phone

6316686400

Tax Period

2023-10-01 to 2024-09-30

VOLUNTEER EXEMPT FIREMAN'S BENEVOLENT ASSOCIATION INC, founded in 1972, is a small nonprofit that reported $642K in total revenue in fiscal year 2023. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $506K, a strong 79% operating margin.

Mission

TO OFFER DEATH BENEFITS TO ANY ACTIVE VOLUNTEER FIREMEN SERVING THE FIRE DEPARTMENT OF MONTAUK, LONG ISLAND, NEW YORK

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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 $13,812

Program Service Revenue $60

Investment Income $376,118

Other Revenue $252,229

TOTAL REVENUE $642,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $130,899

Other Expenses $5,153

TOTAL EXPENSES $135,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$642,219	$260,861	+1.5%
Expenses	$135,993	$240,388	-0.4%
Net Income	$506,226	$20,473	+23.7%

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

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
HAROLD HERBERT	PRESIDENT	N/A	Officer	$0	$0	$0
JEANINE MIEDZWIECKI	VICE PRESIDE	N/A	Officer	$0	$0	$0
RICHARD MONAHAN	RECORDING SE	N/A	Officer	$0	$0	$0
WILLIAM PITTS	TRUSTEE	N/A	Director	$0	$0	$0
JAMES GRIMES	TRUSTEE	N/A	Director	$0	$0	$0
KEVIN REILLY	TRUSTEE	N/A	Director	$0	$0	$0
RICHARD SCHOEN	FINANCIAL SE	N/A	Officer	$0	$0	$0
MICHAEL MIRRAS	TREASURER	N/A	Officer	$0	$0	$0
PETER JOYCE SR	TRUSTEE	N/A	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	$642,219	$135,993	$3,407,044	$506,226
2023	$260,861	$240,388	$2,894,957	$20,473
2022	$183,045	$123,925	$2,800,930	$59,120
2021	$195,313	$237,449	$3,000,825	$-42,136
2020	$219,915	$30,754	$2,883,922	$189,161
2019	$219,363	$56,434	$2,634,520	$162,929
2018	$210,466	$95,554	$2,488,234	$114,912

VOLUNTEER EXEMPT FIREMAN'S BENEVOLENT ASSOCIATION INC