SMITHTOWN VOLUNTEER EXEMPT FIREMAN'S BENEVOLENT ASSOCIATION (EIN 237401870) - 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

1964

Legal Domicile

Principal Officer

THOMAS BUFFA

Phone

6312651500

Tax Period

2025-01-01 to 2025-12-31

SMITHTOWN VOLUNTEER EXEMPT FIREMAN'S BENEVOLENT ASSOCIATION, founded in 1964, is a small nonprofit that reported $336K in total revenue in fiscal year 2025. The organization ran a surplus of $217K, a strong 65% operating margin.

Mission

TO PROVIDE FOR THE NEEDS OF NEEDY AND INDIGENT FIREFIGHTERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $212,936

Program Service Revenue $0

Investment Income $122,780

Other Revenue $0

TOTAL REVENUE $335,716

Expense Breakdown

Grants Paid $71,377

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,377

Other Expenses $47,147

TOTAL EXPENSES $118,524

Year-over-Year Comparison

	2025	2024	Change
Revenue	$335,716	$324,958	+0.0%
Expenses	$118,524	$115,706	+0.0%
Net Income	$217,192	$209,252	+0.0%

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

325

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
KATHLEEN CORBETT	TRUSTEE	2.00	Director	$0	$0	$0
ALLAN HAVRANEK	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH OLIVER	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD TORRE	PRESIDENT	2.00	Officer	$0	$0	$0
ANN SCHUMACHER	VICE PRESIDENT	2.00	Officer	$0	$0	$0
JOSH GLAS	SECRETARY	2.00	Officer	$0	$0	$0
LAWRENCE O'BRIEN	SECRETARY	2.00	Officer	$0	$0	$0
THOMAS BUFFA	TREASURER	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
2025	$335,716	$118,524	$2,675,869	$217,192
2024	$324,958	$115,706	$2,458,677	$209,252
2023	$240,060	$105,629	$2,249,425	$134,431
2022	$206,187	$80,948	$2,114,994	$125,239
2021	$274,269	$101,902	$1,989,755	$172,367
2020	$131,147	$108,552	$1,817,388	$22,595
2019	$245,474	$122,566	$1,794,793	$122,908
2018	$234,558	$109,422	$1,671,885	$125,136

SMITHTOWN VOLUNTEER EXEMPT FIREMAN'S BENEVOLENT ASSOCIATION