Middletown Firemans Relief Association (EIN 236395588) - 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

1900

Legal Domicile

Principal Officer

Ralph O'Donnell

Phone

7173431863

Tax Period

2023-01-01 to 2023-12-31

Middletown Firemans Relief Association, founded in 1900, is a micro nonprofit that reported $65K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $736K represent 136 months of operating reserves.

Mission

Support the active firefighters of Middletown Volunteer Fire Department, Inc.

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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 $54,815

Program Service Revenue $0

Investment Income $4,487

Other Revenue $5,469

TOTAL REVENUE $64,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,080

Fundraising Expenses $0

Program Expenses $69,322

Other Expenses $68,275

TOTAL EXPENSES $69,355

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,771	$54,895	+0.2%
Expenses	$69,355	$57,669	+0.2%
Net Income	$-4,584	$-2,774	+0.7%

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
James Wealand	President	1	Officer	$0	$0	$0
Richard Leisey	Vice President	1	Officer	$0	$0	$0
David Martin	Secretary	2	Officer	$0	$0	$0
Ralph ODonnell Jr	Treasurer	2	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$64,771	$69,355	$736,367	$-4,584
2022	$54,895	$57,669	$740,951	$-2,774
2021	$43,495	$42,015	$743,726	$1,480
2020	$48,782	$37,462	$742,246	$11,320
2018	$46,905	$72,440	$737,910	$-25,535

Middletown Firemans Relief Association