VOLUNTEER FIREMENS RELIEF ASSOCIAT… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

BRIAN LITWA

Tax Period

2024-01-01 to 2024-12-31

VOLUNTEER FIREMENS RELIEF ASSOCIATION OF, founded in 1980, is a micro nonprofit that reported $58K in total revenue in fiscal year 2024. Revenue surged 454% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 62% operating margin.

Mission

TO PROVIDE DEATH AND PENSION BENEFITS TO RETIRED VOLUNTEER FIREMEN AND THEIR FAMILIES FROM CHESTER, PENNSYLVANIA.

Program Service Accomplishments

Program 1

Expenses: $13,000

DEATH AND PENSION BENEFITS PAID TO MEMBERS AND THEIR FAMLIES.

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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 $0

Program Service Revenue $0

Investment Income $58,207

Other Revenue $0

TOTAL REVENUE $58,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $554

Fundraising Expenses $0

Program Expenses $13,000

Other Expenses $8,500

TOTAL EXPENSES $22,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,207	$10,504	+4.5%
Expenses	$22,054	$35,092	-0.4%
Net Income	$36,153	$-24,588	-2.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN LITWA	SECRETARY	005.00	Officer Director	$0	$0	$0
JOSEPH DIPLACIDO	PRESIDENT	001.00	Officer Director	$0	$0	$0
ANTHONY J LASTOWKA	TREASURER	001.00	Officer 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
2025	No data	No data	No data	No data
2024	$58,207	$22,054	$899,093	$36,153
2023	$10,504	$35,092	$822,953	$-24,588
2022	$719	$21,767	$798,305	$-21,048
2021	$63,267	$34,934	$952,299	$28,333
2020	$797	$43,687	$918,415	$-42,890
2019	$34,745	$62,402	$947,770	$-27,657
2018	$16,055	$21,992	$905,610	$-5,937

VOLUNTEER FIREMENS RELIEF ASSOCIATION OF