VOLUNTEER & EXEMPT FIREMENS BENE ASSOC (EIN 208510047) - 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

1939

Legal Domicile

Phone

5163524829

Tax Period

2024-01-01 to 2024-12-31

VOLUNTEER & EXEMPT FIREMENS BENE ASSOC, founded in 1939, is a small nonprofit in the Mutual Benefit sector that reported $229K in total revenue in fiscal year 2024. Revenue surged 221% from the prior year, signaling strong growth momentum. The organization ran a surplus of $162K, a strong 71% operating margin.

Mission

THE RELIEF, AID, AND FINANCIAL ASSISTEANCE OF THE MEMBERS OF THE ORGANIZATION AND THEIRFAMILIES, WHO ARE DEEMED TO BE INDIGENT AND OR DISABLED

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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 $15,580

Program Service Revenue $67,706

Investment Income $145,294

Other Revenue $24

TOTAL REVENUE $228,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,539

Other Expenses $22,853

TOTAL EXPENSES $66,392

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,604	$71,148	+2.2%
Expenses	$66,392	$93,732	-0.3%
Net Income	$162,212	$-22,584	-8.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY HINRICHS	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER FASANO	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT ELLENSOHN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID WARD	TRUSTEE	2.00	Director	$0	$0	$0
RONALD HIGGINS	TRUSTEE	2.00	Director	$0	$0	$0
HARRY CROSBY	FINANCIAL SECY	2.00	Officer Director	$0	$0	$0
GLENN GREUBEL	VICE PRES	2.00	Officer	$0	$0	$0
JAMES MCCAULEY	PRES	2.00	Officer	$0	$0	$0
LINDA SEGOTA	TREASURER	2.00	Officer	$0	$0	$0
PATRICK WRIGHT	SECY	2.00	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	$228,604	$66,392	$1,615,213	$162,212
2023	$71,148	$93,732	$1,437,704	$-22,584
2022	$60,700	$102,158	$1,271,759	$-41,458
2021	$71,284	$52,039	$1,549,905	$19,245
2020	$61,682	$78,706	$1,380,392	$-17,024
2019	$87,279	$81,505	$1,252,873	$5,774
2018	$83,491	$54,939	$1,086,370	$28,552

VOLUNTEER & EXEMPT FIREMENS BENE ASSOC