Firemen's Association of the State of New York Foundation Inc (EIN 141835837) - 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

2003

Legal Domicile

Phone

5184340987

Tax Period

2023-10-01 to 2024-09-30

Firemen's Association of the State of New York Foundation Inc, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $16.0M in total revenue in fiscal year 2023. Revenue surged 207% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.2M, a strong 58% operating margin.

Mission

The Foundation was formed to operate exclusively for the charitable and educational purposes of promoting fire prevention, education and training, and support of the

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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 $0

Program Service Revenue $0

Investment Income $16,022,355

Other Revenue $0

TOTAL REVENUE $16,022,355

Expense Breakdown

Grants Paid $6,500,000

Salaries & Benefits $10,000

Fundraising Expenses $0

Program Expenses $6,500,000

Other Expenses $286,383

TOTAL EXPENSES $6,796,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,022,355	$5,213,776	+2.1%
Expenses	$6,796,383	$6,753,697	+0.0%
Net Income	$9,225,972	$-1,539,921	-7.0%

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

$10,000

Total Directors

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Farrell Jr	President	8.00	Officer Director	$0	$0	$0
David Schmidt	Vice President	4.00	Officer Director	$0	$0	$0
Diana Pfersick	Secretary	4.00	Officer Director	$5,000	$0	$5,000
Andrew Pilecki	Treasurer	4.00	Officer Director	$5,000	$0	$5,000
Roy Dahlen	Director	2.00	Director	$0	$0	$0
Brian McQueen	Director	2.00	Director	$0	$0	$0
Anthony DeMarco	Director	2.00	Director	$0	$0	$0
Michael Caron	Director	2.00	Director	$0	$0	$0
Edward Tase Jr	Director	2.00	Director	$0	$0	$0
Douglas VanEtten	Director	2.00	Director	$0	$0	$0
Michael Krummenacker	Director	2.00	Director	$0	$0	$0
Kenneth Holmes	Director	2.00	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	$16,022,355	$6,796,383	$161,027,158	$9,225,972
2023	$5,213,776	$6,753,697	$137,997,979	$-1,539,921
2022	$5,985,505	$7,069,508	$129,567,316	$-1,084,003
2021	$10,617,589	$7,463,566	$161,398,482	$3,154,023
2020	$5,358,437	$4,620,658	$140,927,785	$737,779
2019	$7,174,701	$9,093,112	$139,617,249	$-1,918,411
2018	$9,669,455	$6,029,129	$144,199,926	$3,640,326

Firemen's Association of the State of New York Foundation Inc