HEMLOCK FARMS FIREMENS RELIEF ASSOCIATION (EIN 232679375) - 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

1972

Legal Domicile

Principal Officer

Laura Ritchie

Tax Period

2023-01-01 to 2023-12-31

HEMLOCK FARMS FIREMENS RELIEF ASSOCIATION, founded in 1972, is a micro nonprofit that reported $22K in total revenue in fiscal year 2023. Expenses of $42K exceeded revenue, resulting in a 94% operating deficit.

Mission

To provide protection and training to volunteer fire fighters against misfortunes suffered during participation in fire service activities.

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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 $21,111

Program Service Revenue $0

Investment Income $601

Other Revenue $0

TOTAL REVENUE $21,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,018

Other Expenses $42,076

TOTAL EXPENSES $42,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,712	$20,875	+0.0%
Expenses	$42,076	$8,373	+4.0%
Net Income	$-20,364	$12,502	-2.6%

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
Brad Dow	Trustee	5.00	Director	$0	$0	$0
Scott Kennedy	Trustee	5.00	Director	$0	$0	$0
Richard Bielefeld	Trustee	5.00	Director	$0	$0	$0
Richard Dewar	Trustee	5.00	Director	$0	$0	$0
Kevin Dix	Vice President	5.00	Officer Director	$0	$0	$0
Robert Palumbo	President	5.00	Officer Director	$0	$0	$0
Laura Ritchie	Treasurer	5.00	Officer Director	$0	$0	$0
Terri Bender-Greenwald	Secretary	5.00	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
2024	No data	No data	No data	No data
2023	$21,712	$42,076	$218,890	$-20,364
2022	$20,875	$8,373	$237,054	$12,502
2021	$21,034	$6,453	$224,552	$14,581
2020	$26,898	$8,651	$209,971	$18,247
2019	$24,530	$17,472	$191,724	$7,058
2018	$24,185	$39,893	$184,666	$-15,708

HEMLOCK FARMS FIREMENS RELIEF ASSOCIATION