FIREMEN'S RELIEF ASSOCIATION OF STATE COLLEGE (EIN 251338403) - 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

1930

Legal Domicile

Principal Officer

SUSAN VENEGONI

Phone

8148766522

Tax Period

2023-01-01 to 2023-12-31

FIREMEN'S RELIEF ASSOCIATION OF STATE COLLEGE, founded in 1930, is a small nonprofit in the Mutual Benefit sector that reported $776K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $209K, a strong 27% operating margin.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO ENCOURAGE INDIVIDUALS TO TAKE PART IN THE FIRE SERVICE AS A VOLUNTEER FIREFIGHTER

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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 $584,623

Program Service Revenue $0

Investment Income $191,192

Other Revenue $0

TOTAL REVENUE $775,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,496

Fundraising Expenses $0

Program Expenses $528,066

Other Expenses $449,490

TOTAL EXPENSES $566,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$775,815	$823,358	-0.1%
Expenses	$566,882	$494,336	+0.1%
Net Income	$208,933	$329,022	-0.4%

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

Employees

Volunteers

100

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
THEODORE GABRIEL	PRESIDENT	002.00	Officer Director	$0	$0	$0
CLIFFORD LUTZ	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
DAVID FELICE	SECRETARY	002.00	Officer Director	$0	$0	$0
SUSAN VENEGONI-LESTZ	TREASURER	010.00	Officer Director	$0	$0	$0
STEVE FOSTER	DIRECTOR	002.00	Director	$0	$0	$0
ED DEMETER	DIRECTOR	002.00	Director	$0	$0	$0
DONALD STEIN	DIRECTOR	002.00	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	$775,815	$566,882	$6,826,696	$208,933
2022	$823,358	$494,336	$6,130,040	$329,022
2021	$758,145	$674,495	$6,748,666	$83,650
2020	$1,276,822	$491,973	$4,657,329	$784,849
2019	$652,057	$1,005,208	$3,872,480	$-353,151
2018	$561,240	$374,954	$4,225,631	$186,286

FIREMEN'S RELIEF ASSOCIATION OF STATE COLLEGE