THE VOLUNTEER FIREMAN'S RELIEF ASSOCIATION OF WORCESTER TOWNSHIP (EIN 232001229) - 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

1959

Legal Domicile

Principal Officer

JAMES RAQUET

Phone

6105845159

Tax Period

2024-01-01 to 2024-12-31

THE VOLUNTEER FIREMAN'S RELIEF ASSOCIATION OF WORCESTER TOWNSHIP, founded in 1959, is a small nonprofit that reported $113K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $134K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE VARIOUS APPARATUS AND RELATED ITEMS TO AID VOLUNTEER FIREFIGHTERS

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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 $105,949

Program Service Revenue $0

Investment Income $7,221

Other Revenue $0

TOTAL REVENUE $113,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,848

Other Expenses $133,862

TOTAL EXPENSES $133,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$113,170	$138,368	-0.2%
Expenses	$133,862	$91,961	+0.5%
Net Income	$-20,692	$46,407	-1.4%

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

N/A

Employees

N/A

Volunteers

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
JAMES RAQUET	PRESIDENT	2.00	Officer	$0	$0	$0
RUSSELL BRYANT	VICE PRES.	1.00	Officer	$0	$0	$0
PAMELA MCCLURE	SECRETARY	1.00	Officer	$0	$0	$0
DAVID CORNISH	TREASURER	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	$113,170	$133,862	$354,426	$-20,692
2023	$138,368	$91,961	$375,118	$46,407
2022	$104,040	$94,601	$328,711	$9,439
2021	$83,137	$100,590	$319,272	$-17,453
2020	$94,882	$87,690	$336,725	$7,192
2019	$98,828	$188,358	$329,533	$-89,530
2018	$88,647	$70,608	$426,570	$18,039

THE VOLUNTEER FIREMAN'S RELIEF ASSOCIATION OF WORCESTER TOWNSHIP