VOLUNTEER FIREMENS RELIEF ASSOCIATION OF READING PA (EIN 231415282) - 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

1896

Legal Domicile

Principal Officer

DEBORAH LANDIS

Phone

6107771652

Tax Period

2024-01-01 to 2024-12-31

VOLUNTEER FIREMENS RELIEF ASSOCIATION OF READING PA, founded in 1896, is a small nonprofit that reported $441K in total revenue in fiscal year 2024. Revenue surged 260% from the prior year, signaling strong growth momentum. The organization ran a surplus of $323K, a strong 73% operating margin.

Mission

PROVIDES PAYMENTS TO DECEASED AND DISABLED VOLUNTEER FIREMEN IN THE CITY OF READING

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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 $60

Program Service Revenue $0

Investment Income $440,818

Other Revenue $0

TOTAL REVENUE $440,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,610

Fundraising Expenses $0

Program Expenses $63,000

Other Expenses $28,195

TOTAL EXPENSES $117,805

Year-over-Year Comparison

	2024	2023	Change
Revenue	$440,878	$122,615	+2.6%
Expenses	$117,805	$91,449	+0.3%
Net Income	$323,073	$31,166	+9.4%

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

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

$23,000

Total Directors

$2,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH LANDIS	TREASURER	2.00	Officer	$9,600	$0	$9,600
DAVID SILCOX	SECRETARY	2.00	Officer	$8,600	$0	$8,600
ROBERT WEBER	TRUSTEE	2.00	Director	$2,400	$0	$2,400
LES EBERSOL	VICE PRESIDE	2.00	Officer	$2,400	$0	$2,400
DONALD ROYLE	PRESIDENT	2.00	Officer	$2,400	$0	$2,400

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	$440,878	$117,805	$3,783,514	$323,073
2023	$122,615	$91,449	$3,460,629	$31,166
2022	$131,471	$104,223	$3,429,463	$27,248
2021	$239,922	$107,646	$3,402,228	$132,276
2020	$99,283	$136,688	$3,269,952	$-37,405
2019	$139,927	$113,109	$3,307,357	$26,818
2018	$179,257	$111,155	$3,280,890	$68,102

VOLUNTEER FIREMENS RELIEF ASSOCIATION OF READING PA