SOMERS VOLUNTEER FIREMENS BENEVOLENT ASSOCIATION INC (EIN 132974172) - 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

1977

Legal Domicile

Principal Officer

EDWIN BYRNES JR

Phone

9142485887

Tax Period

2023-01-01 to 2023-12-31

SOMERS VOLUNTEER FIREMENS BENEVOLENT ASSOCIATION INC, founded in 1977, is a small nonprofit in the Public Safety sector that reported $156K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $148K left a modest 5% surplus.

Mission

VOLUNTEER FIREMAN BENEVOLENT

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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 $87,971

Program Service Revenue $0

Investment Income $68,007

Other Revenue $0

TOTAL REVENUE $155,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,868

Other Expenses $12,642

TOTAL EXPENSES $147,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$155,978	$119,386	+0.3%
Expenses	$147,510	$75,431	+1.0%
Net Income	$8,468	$43,955	-0.8%

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

131

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
PATRICK FITZGERALD	TREASURER	1.00	Director	$0	$0	$0
EDWIN BYRNES JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS BOGUE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL COUGHLIN	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN BARRY	VICE PRESIDENT	1.00	Officer 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	$155,978	$147,510	$1,645,193	$8,468
2022	$119,386	$75,431	$1,524,400	$43,955
2021	$150,749	$122,021	$1,760,264	$28,728
2020	$124,271	$60,228	$1,628,497	$64,043
2019	$136,913	$114,597	$1,457,886	$22,316
2018	$165,499	$94,444	$1,298,328	$71,055

SOMERS VOLUNTEER FIREMENS BENEVOLENT ASSOCIATION INC