WESTVILLE VOLUNTEER FIREMANS ASSOCIATION INC (EIN 141685505) - 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

1959

Legal Domicile

Principal Officer

James Premo

Phone

5183584694

Tax Period

2023-01-01 to 2023-12-31

WESTVILLE VOLUNTEER FIREMANS ASSOCIATION INC, founded in 1959, is a small nonprofit in the Public Safety sector that reported $153K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Net assets of $788K represent 62 months of operating reserves.

Mission

PROVIDE FIRE AND MEDICAL SERVICES TO THE TOWN OF WESTVILLE, NY ESTIMATED POPULATION OF 2500

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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 $39,391

Program Service Revenue $90,000

Investment Income $3,799

Other Revenue $19,449

TOTAL REVENUE $152,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,383

Other Expenses $148,531

TOTAL EXPENSES $148,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$152,639	$126,374	+0.2%
Expenses	$148,531	$133,058	+0.1%
Net Income	$4,108	$-6,684	-1.6%

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
JAMIE GRATTON	PRESIDENT	10	Officer	$0	$0	$0
JAMES PREMO	TREASURER	15	Officer	$0	$0	$0
NORMAN BONNER iv	VICE PRESIDENT	10	Officer	$0	$0	$0
FREANNA SULLIVAN	SECRETARY	10	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	$152,639	$148,531	$899,273	$4,108
2022	$126,374	$133,058	$935,165	$-6,684
2021	$153,442	$124,403	$950,375	$29,039
2020	$115,919	$147,014	$992,634	$-31,095
2019	$117,240	$162,381	$997,870	$-45,141
2018	$99,914	$106,825	$1,070,011	$-6,911

WESTVILLE VOLUNTEER FIREMANS ASSOCIATION INC