MOUNT VERNON UNIFORMED FIREFIGHTERS ASSOCIATION - WELFARE FUND (EIN 133907650) - 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

1996

Legal Domicile

Principal Officer

SHERMAN TROTMAN

Phone

9146644401

Tax Period

2024-01-01 to 2024-12-31

MOUNT VERNON UNIFORMED FIREFIGHTERS ASSOCIATION - WELFARE FUND, founded in 1996, is a small nonprofit that reported $328K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $294K left a modest 10% surplus.

Mission

THE ORGANIZATION PROVIDES HEALTH AND WELFARE BENEFITS TO MEMBERS AND THEIR DEPENDENTS, WHO BELONG TO THE MT VERNON UNIFORMED FIREFIGHTERS ASSOCIATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $327,779

Investment Income $0

Other Revenue $0

TOTAL REVENUE $327,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $294,024

Other Expenses $0

TOTAL EXPENSES $294,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,779	$281,029	+0.2%
Expenses	$294,024	$234,411	+0.3%
Net Income	$33,755	$46,618	-0.3%

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

$12,598

Total Directors

$16,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BASIL	TRUSTEE	2.00	Director	$0	$0	$1,986
SHERMAN TROTMAN	TREASURER	3.00	Officer Director	$0	$0	$8,624
ROLFE BURGESS	TRUSTEE	2.00	Director	$0	$0	$1,986
CONROY JACKSON	FIRST VICE PRESIDENT	3.00	Officer Director	$0	$0	$3,974

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	$327,779	$294,024	$141,052	$33,755
2023	$281,029	$234,411	$107,297	$46,618
2022	$283,589	$244,130	$60,679	$39,459
2021	$261,665	$257,451	$21,220	$4,214
2020	$261,910	$262,308	$17,006	$-398
2019	$250,518	$240,070	$17,404	$10,448
2018	$241,949	$239,243	$6,956	$2,706

MOUNT VERNON UNIFORMED FIREFIGHTERS ASSOCIATION - WELFARE FUND