BRAHAM FIREMENS RELIEF ASSOCIATION (EIN 237417978) - 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

1901

Legal Domicile

Principal Officer

PETER HESSELROTH

Phone

3203963800

Tax Period

2023-01-01 to 2023-12-31

BRAHAM FIREMENS RELIEF ASSOCIATION, founded in 1901, is a micro nonprofit that reported $49K in total revenue in fiscal year 2023. Expenses of $80K exceeded revenue, resulting in a 62% operating deficit.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE RETIREMENT RELIEF AND OTHER BENEFITS TO ITS MEMBERS AND DEPENDENTS. THE ASSOCIATION MAY ALSO RAISE FUNDS FROM PRIVATE SOURCES TO FURNISH FIRE AND EMERGENCY SERVICES EQUIPMENT FOR THE FIRE DEPARTMENT AND FOR OTHER PURPOSES DEEMED NECESSARY AND APPROPRIATE BY THE ASSOCIATION TO THE EXTENT PERMITTED BY LAW.

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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 $40,532

Program Service Revenue $0

Investment Income $0

Other Revenue $8,541

TOTAL REVENUE $49,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,416

Other Expenses $3,348

TOTAL EXPENSES $79,598

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,073	$51,137	0.0%
Expenses	$79,598	$64,419	+0.2%
Net Income	$-30,525	$-13,282	+1.3%

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
Ross Benzen	Trustee	1	Director	$0	$0	$0
Dean Bondeson	President	1	Officer	$0	$0	$0
Mike Wachs	Vice President	1	Officer	$0	$0	$0
Eric Jones	Secretary	1	Officer	$0	$0	$0
Peter Hesselroth	Treasurer	1	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	No data	No data	No data	No data
2023	$49,073	$79,598	$602,460	$-30,525
2022	$51,137	$64,419	$556,155	$-13,282
2021	$48,769	$10,288	$663,800	$38,481
2020	$66,877	$17,915	$574,419	$48,962
2019	$52,085	$15,780	$525,457	$36,305

BRAHAM FIREMENS RELIEF ASSOCIATION