VOLUNTEER AND EXEMPT FIREMENS BENEVOLENT ASSOC (EIN 237218801) - 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

1938

Legal Domicile

Phone

5163524829

Tax Period

2024-01-01 to 2024-12-31

VOLUNTEER AND EXEMPT FIREMENS BENEVOLENT ASSOC, founded in 1938, is a small nonprofit that reported $173K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 57% operating margin.

Mission

TO PROVIDE AID, ASSISTANCE AND RELIEF TO THE MEMBERS OF THE ORGANIZATION AND THEIR FAMILIES

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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 $48,094

Program Service Revenue $79,194

Investment Income $45,438

Other Revenue $0

TOTAL REVENUE $172,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,000

Other Expenses $63,648

TOTAL EXPENSES $73,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,726	$116,763	+0.5%
Expenses	$73,648	$70,281	+0.0%
Net Income	$99,078	$46,482	+1.1%

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
RON MAGARIE	TRUSTEE	1.00	Director	$0	$0	$0
KEITH PETRORO	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW BROHM	TRUSTEE	1.00	Director	$0	$0	$0
ARTHUR PUSHKIN	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD BONACORSA	TRUSTEE	1.00	Director	$0	$0	$0
MARK CUNNINGHAM	TREASURER	5.00	Officer	$0	$0	$0
RALPH NICHOLS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
ROBERT DIMONDA	SECY	5.00	Officer	$0	$0	$0
GABE SCOGNAMIGLIO	PRESIDENT	2.00	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	$172,726	$73,648	$1,387,486	$99,078
2023	$116,763	$70,281	$1,180,468	$46,482
2022	$111,698	$73,708	$1,061,735	$37,990
2021	$133,347	$113,910	$1,209,611	$19,437
2020	$115,946	$31,678	$1,104,811	$84,268
2019	$134,330	$74,260	$965,731	$60,070
2018	$127,659	$53,938	$856,084	$73,721

VOLUNTEER AND EXEMPT FIREMENS BENEVOLENT ASSOC