GOSHEN VOLUNTEER FIREMENS RELIEF ASSOC INC (EIN 232553395) - 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

1950

Legal Domicile

Principal Officer

PHIL SALAS

Phone

6104301554

Tax Period

2023-01-01 to 2023-12-31

GOSHEN VOLUNTEER FIREMENS RELIEF ASSOC INC, founded in 1950, is a small nonprofit that reported $409K in total revenue in fiscal year 2023. Expenses of $381K left a modest 7% surplus.

Mission

TO PROVIDE PROTECTION AND FIREFIGHTING EQUIPMENT FOR FIRE FIGHTERS, FIRE POLICE AND EMS VOLUNTEER PERSONNEL AND MEMBERS OF THE GOSHEN FIRE COMPANY. ALSO PROVIDES FIRE PREVENTIONS PROGRAMS TO THE PUBLIC.

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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 $336,467

Program Service Revenue $3,000

Investment Income $69,062

Other Revenue $0

TOTAL REVENUE $408,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,485

Fundraising Expenses $0

Program Expenses $365,417

Other Expenses $238,084

TOTAL EXPENSES $380,805

Year-over-Year Comparison

	2023	2022	Change
Revenue	$408,529	$427,871	0.0%
Expenses	$380,805	$357,583	+0.1%
Net Income	$27,724	$70,288	-0.6%

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
SCOTT NULTY	Vice President	5.00	Officer	$0	$0	$0
ANDREW WASHCO	President	5.00	Officer	$0	$0	$0
GEORGE KAZANJIAN	Secretary	5.00	Officer	$0	$0	$0
PHIL SALAS	Treasurer	5.00	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	No data	No data	No data	No data
2023	$408,529	$380,805	$1,470,511	$27,724
2022	$427,871	$357,583	$1,442,787	$70,288
2021	$398,774	$266,228	$1,372,499	$132,546
2020	$338,955	$354,673	$1,239,953	$-15,718
2019	$306,615	$252,556	$1,255,671	$54,059
2018	$300,227	$354,492	$1,201,612	$-54,265

GOSHEN VOLUNTEER FIREMENS RELIEF ASSOC INC