WELLSBORO FIREMEN'S RELIEF ASSOCIA… - Form 990 Financial Data

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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

1914

Legal Domicile

Principal Officer

JOHN T ERICH

Phone

5707241480

Tax Period

2023-01-01 to 2023-12-31

WELLSBORO FIREMEN'S RELIEF ASSOCIATION, founded in 1914, is a micro nonprofit that reported $55K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $63K exceeded revenue, resulting in a 16% operating deficit.

Mission

ASSISTANCE TO FIRE FIGHTERS INJURED OR KILLED IN THE LINE OF DUTY.

Program Service Accomplishments

Program 1

Expenses: $12,341 Revenue: $0

PROVISION OF ASSISTANCE TO FIRE FIGHTERS INJURED OR KILLED IN THE LINE OF DUTY. THIS INCLUDES THE PURCHASE OF LIFE AND DISABILITY INSURANCE ON ALL ACTIVE FIRE FIGHTERS.

Program 2

Expenses: $50,882 Revenue: $0

PURCHASE OF MODERN EQUIPMENT FOR THE PROTECTION OF FIRE FIGHTERS. THIS INCLUDES THE PROVISION OF TRAINING ON USE OF THE EQUIPMENT, AS WELL AS MAINTENANCE OF THE EQUIPMENT.

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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 $48,430

Program Service Revenue $0

Investment Income $6,294

Other Revenue $0

TOTAL REVENUE $54,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,223

Other Expenses $63,223

TOTAL EXPENSES $63,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,724	$62,422	-0.1%
Expenses	$63,223	$56,455	+0.1%
Net Income	$-8,499	$5,967	-2.4%

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
MICHAEL E PIERCE	PRESIDENT	5.00	Officer	$0	$0	$0
TYLER HUCK	VICE PRESIDENT	5.00	Officer	$0	$0	$0
AUSTIN DUNHAM	SECRETARY	5.00	Officer	$0	$0	$0
JOHN T ERICH	TREASURER	10.00	Officer	$0	$0	$0
LONNIE W CAMPBELL	TRUSTEE	5.00	Director	$0	$0	$0
PETER LUPKOWSKI	TRUSTEE	5.00	Director	$0	$0	$0
JOSH SIMMONS	TRUSTEE	5.00	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
2024	No data	No data	No data	No data
2023	$54,724	$63,223	$412,182	$-8,499
2022	$62,422	$56,455	$365,938	$5,967
2021	$81,740	$145,406	$355,075	$-63,666
2020	$74,687	$94,736	$418,742	$-20,049
2018	$39,202	$57,153	$447,035	$-17,951

WELLSBORO FIREMEN'S RELIEF ASSOCIATION