ALBANY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ALBANY PERMANENT PROFESSIONAL FIREFIGHTERS ASSOC WELFARE FUND, founded in 1994, is a small nonprofit that reported $811K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $277K, a strong 34% operating margin.
ASSOCIATION RECEIVES REVENUE FROM THE CITY OF ALBANY. THIS REVENUE IS USED TO PROVIDE VARIOUS HEALTH BENEFITS TO FIREFIGHTERS. THE ASSOCIATION IS ORGANIZED AS A TRUST TO REIMBURSE ACTIVE UNIFORMED MEMBERS OF THE ALBANY (NEW YORK) FIRE DEPARTMENT AND THEIR DEPENDENTS FOR DENTAL, VISION CARE, PRESCRIPTION MEDICATION AND HEALTH CLUB EXPENSES, UP TO SPECIFIED LIMITS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $810,668 | $665,762 | +0.2% |
| Expenses | $533,252 | $591,720 | -0.1% |
| Net Income | $277,416 | $74,042 | +2.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT MENGEL | PRESIDENT | 5.00 |
Officer
|
$5,000 | $0 | $5,000 |
| GEORGE SOKARIS | TREASURER | 8.00 |
Officer
|
$7,500 | $0 | $7,500 |
| CHARLES CAHILL | SECRETARY | 8.00 |
Officer
|
$7,500 | $0 | $7,500 |
| RICHARD ALLEN | TRUSTEE | 4.00 |
Director
|
$5,000 | $0 | $5,000 |
| TIMOTHY M LASHER | TRUSTEE | 5.00 |
Director
|
$5,000 | $0 | $5,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $810,668 | $533,252 | $2,617,239 | $277,416 |
| 2023 | $665,762 | $591,720 | $2,288,943 | $74,042 |
| 2022 | $574,228 | $607,575 | $2,172,017 | $-33,347 |
| 2021 | $735,445 | $505,300 | $2,369,285 | $230,145 |
| 2020 | $707,026 | $477,814 | $2,055,605 | $229,212 |
| 2019 | $484,951 | $607,782 | $1,792,521 | $-122,831 |
| 2018 | $501,583 | $657,955 | $1,873,567 | $-156,372 |
Compare ALBANY PERMANENT PROFESSIONAL FIREFIGHTERS ASSOC WELFARE FUND with other nonprofits in New York and across the country.