Hauppauge Volunteer Exempt Firemans Benevolent Association Inc (EIN 237046485) - 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

1955

Legal Domicile

Principal Officer

Jay Antovel

Phone

5163147669

Tax Period

2024-02-01 to 2025-01-31

Hauppauge Volunteer Exempt Firemans Benevolent Association Inc, founded in 1955, is a small nonprofit in the Public Safety sector that reported $380K in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $325K, a strong 86% operating margin.

Mission

Purpose is to promote fraternal intercourse among members and provide aid and assistance to members who are in need or disabled or indigent

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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 $189

Program Service Revenue $325,377

Investment Income $54,396

Other Revenue $0

TOTAL REVENUE $379,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,000

Fundraising Expenses $0

Program Expenses $42,538

Other Expenses $21,084

TOTAL EXPENSES $54,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$379,962	$207,246	+0.8%
Expenses	$54,538	$93,714	-0.4%
Net Income	$325,424	$113,532	+1.9%

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

$12,000

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE FAUSONE	Treasurer	5.00	Officer Director	$6,500	$0	$6,500
TIMOTHY JULIANO	Secretary	5.00	Officer Director	$5,500	$0	$5,500
EUGENE OLIVER	Trustee	2.00	Director	$0	$0	$0
WALTER MAYER	Vice President	2.00	Officer Director	$0	$0	$0
JAY ANTOVEL	President	2.00	Officer Director	$0	$0	$0
NICHOLAS MENDOLA	Trustee	0.00	Director	$0	$0	$0
RONALD BARZ	Trustee	2.00	Director	$0	$0	$0
CHARLES KEELING	Trustee	2.00	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	$379,962	$54,538	$2,071,877	$325,424
2024	$207,246	$93,714	$1,747,410	$113,532
2023	$184,011	$78,126	$1,633,878	$105,885
2022	$177,800	$92,015	$1,528,002	$85,785
2021	$188,552	$86,063	$1,442,027	$102,489
2020	$183,204	$82,716	$1,339,580	$100,488
2019	$165,828	$133,143	$1,239,091	$32,685

Hauppauge Volunteer Exempt Firemans Benevolent Association Inc