SOLON FIREFIGHTERS BENEVOLENT (EIN 260187147) - 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

1984

Legal Domicile

Principal Officer

GREG MORRIS

Phone

3196242386

Tax Period

2024-01-01 to 2024-12-31

SOLON FIREFIGHTERS BENEVOLENT, founded in 1984, is a small nonprofit in the Public Safety sector that reported $158K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $62K, a strong 39% operating margin.

Mission

TO PROMOTE SAFETY AND WELFARE OF VOLUNTEER FIREFIGHTERS AND TO ASSIST WITH FIRE PREVENTION FOR THE TOWN OF SOLON AND THE SURROUNDING AREA.

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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 $120,119

Program Service Revenue $0

Investment Income $6,629

Other Revenue $30,852

TOTAL REVENUE $157,600

Expense Breakdown

Grants Paid $21,008

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,903

Other Expenses $74,895

TOTAL EXPENSES $95,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,600	$210,925	-0.3%
Expenses	$95,903	$244,217	-0.6%
Net Income	$61,697	$-33,292	-2.9%

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

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
TOM TRUMP	PRESIDENT	1.25	Officer Director	$0	$0	$0
MATT NOST	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG MORRIS	TREASURER	1.25	Officer Director	$0	$0	$0
JOHN STUDT	SECRETARY	1.00	Officer Director	$0	$0	$0
JEREMY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
BOB SIDDELL	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN FORDICE	DIRECTOR	1.00	Director	$0	$0	$0
DEAN STANGE	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE LINDEN	DIRECTOR	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	$157,600	$95,903	$295,782	$61,697
2023	$210,925	$244,217	$234,085	$-33,292
2022	$255,778	$1,437,841	$267,377	$-1,182,063
2021	$289,082	$14,226	$1,449,440	$274,856
2020	$741,463	$19,202	$1,174,584	$722,261
2019	$249,591	$28,518	$452,323	$221,073
2018	$191,307	$38,779	$231,250	$152,528

SOLON FIREFIGHTERS BENEVOLENT