NORTH WHITE PLAINS VOLUNTEER FIREMAN'S BENEVOLENT ASSOC INC (EIN 237380364) - 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

1935

Legal Domicile

Principal Officer

JOHN MAGNOTTA

Phone

9147745301

Tax Period

2024-01-01 to 2024-12-31

NORTH WHITE PLAINS VOLUNTEER FIREMAN'S BENEVOLENT ASSOC INC, founded in 1935, is a micro nonprofit that reported $73K in total revenue in fiscal year 2024. Revenue surged 223% from the prior year, signaling strong growth momentum. Expenses of $82K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE ASSOCIATION WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING MEDICAL AND DEATH BENEFITS TO ITS MEMBERS IN GOOD STANDING.

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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 $1,060

Program Service Revenue $10,500

Investment Income $61,142

Other Revenue $0

TOTAL REVENUE $72,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,800

Fundraising Expenses $0

Program Expenses $50,783

Other Expenses $29,833

TOTAL EXPENSES $82,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,702	$22,522	+2.2%
Expenses	$82,416	$95,129	-0.1%
Net Income	$-9,714	$-72,607	-0.9%

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

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

$3,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MAGNOTTA	TREASURER	10.00	Officer	$1,200	$1,200	$2,400
KEVIN HODAPP	PRESIDENT	1.00	Officer	$0	$300	$300
JOHN SOLOMON	FINANCIAL SE	10.00	Officer	$0	$300	$300

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	$72,702	$82,416	$1,225,296	$-9,714
2023	$22,522	$95,129	$1,211,958	$-72,607
2022	$36,990	$75,672	$1,186,367	$-38,682
2021	$90,973	$85,638	$1,435,328	$5,335
2020	$12,219	$80,159	$1,420,737	$-67,940
2019	$70,007	$90,070	$1,422,585	$-20,063
2018	$75,015	$85,020	$1,343,070	$-10,005

NORTH WHITE PLAINS VOLUNTEER FIREMAN'S BENEVOLENT ASSOC INC