FIREMANS RELIEF ASSOCIATION OF THE FRANKLIN FIRE COMPANY (EIN 251651200) - 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

1988

Legal Domicile

Principal Officer

PERRY GOETZ

Phone

7172638600

Tax Period

2024-01-01 to 2024-12-31

FIREMANS RELIEF ASSOCIATION OF THE FRANKLIN FIRE COMPANY, founded in 1988, is a small nonprofit in the Human Services sector that reported $124K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $154K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE SAFETY EQUIPMENT AND TRAINIING TO VOLUNTEER 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 (2024)

Revenue Breakdown

Contributions & Grants $58,758

Program Service Revenue $0

Investment Income $64,815

Other Revenue $0

TOTAL REVENUE $123,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,042

Other Expenses $154,405

TOTAL EXPENSES $154,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,573	$71,252	+0.7%
Expenses	$154,405	$21,614	+6.1%
Net Income	$-30,832	$49,638	-1.6%

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

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
PERRY GOETZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
LARRY TRACE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MAYNARD BURKETT	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES HAMMOND	TREASURER	1.00	Officer Director	$0	$0	$0
GERALD POE	MEMBER	1.00	Director	$0	$0	$0
BILL KELLEY	MEMBER	1.00	Director	$0	$0	$0
GARY HIMES	MEMBER	1.00	Director	$0	$0	$0
JAMIE HAMMOND	MEMBER	1.00	Director	$0	$0	$0
JOEL PREISLER	MEMBER	1.00	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	$123,573	$154,405	$770,852	$-30,832
2023	$71,252	$21,614	$824,465	$49,638
2022	$33,660	$12,717	$719,133	$20,943
2021	$77,520	$67,214	$788,513	$10,306
2020	$73,092	$73,157	$744,736	$-65
2019	$77,445	$68,336	$698,642	$9,109
2018	$78,186	$85,648	$642,258	$-7,462

FIREMANS RELIEF ASSOCIATION OF THE FRANKLIN FIRE COMPANY