FARMINGVILLE FIRE DEPT BENEVOLENT ASSOCIATION (EIN 116222661) - 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

1975

Legal Domicile

Principal Officer

LEONARD TURANO

Phone

6317326611

Tax Period

2023-01-01 to 2023-12-31

FARMINGVILLE FIRE DEPT BENEVOLENT ASSOCIATION, founded in 1975, is a micro nonprofit in the Public Safety sector that reported $92K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15K, a strong 16% operating margin.

Mission

THE PROMOTION OF THE WELFARE OF VOLUNTEER FIREMEN WHO ARE MEMBERS OF THE FARMINGVILLE FIRE DEPARTMENT. TO PROVIDE AID AND RELIEF TO THESE MEMBERS 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 $785

Program Service Revenue $74,965

Investment Income $15,747

Other Revenue $465

TOTAL REVENUE $91,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,807

Other Expenses $10,969

TOTAL EXPENSES $77,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,962	$70,070	+0.3%
Expenses	$77,057	$53,631	+0.4%
Net Income	$14,905	$16,439	-0.1%

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

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

$5,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD MAGAGNA	CHAIRMAN	1.00	Officer	$0	$0	$0
LEONARD TURANO	TREASURER	5.00	Officer	$5,000	$0	$5,000
JOSEPH SARDONE	SECRETARY	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	$91,962	$77,057	$985,716	$14,905
2022	$70,070	$53,631	$970,811	$16,439
2021	$98,507	$51,821	$954,372	$46,686
2020	$75,219	$53,912	$907,686	$21,307
2019	$86,305	$52,431	$886,379	$33,874
2018	$86,135	$50,987	$852,505	$35,148

FARMINGVILLE FIRE DEPT BENEVOLENT ASSOCIATION