VOLUNTEER AND EXEMPT FIREMEN'S BENEVOLENT ASSOCIATION OF MALVERNE INC

EIN: 263682759 501(c)(3) Public Safety

MALVERNE, NY

Total Revenue
$91,481
Total Expenses
$44,298
Total Assets
$1,484,197
Net Assets
$1,484,197
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1940
Legal Domicile
NY
Principal Officer
KEVIN BRADY
Phone
5164874110
Tax Period
2023-01-01 to 2023-12-31

VOLUNTEER AND EXEMPT FIREMEN'S BENEVOLENT ASSOCIATION OF MALVERNE INC, founded in 1940, is a micro nonprofit in the Public Safety sector that reported $91K in total revenue in fiscal year 2023. The organization ran a surplus of $47K, a strong 52% operating margin.

Mission

TO CREATE, FORM AND ESTABLISH AN ORGANIZATION TO BENEFIT THE PRESENT AND FORMER MEMBERS OF THE MALVERNE FIRE DEPARTMENT; TO PROVIDE SICK, DISABLED OR INDIGENT BENEFITS AND DEATH BENEFITS TO ELIGIBLE PRESENT AND FORMER MEMBERS OF THE FIRE DISTRICT BY PROVIDING FUNDS TO HELP OFFSET THE COSTS OF INSURANCE; TO PROVIDE FINANCIAL ASSISTANCE TO THE MEMBERS AND THEIR FAMILIES WHO ARE SICK OR INDIGENT; TO PROMOTE THE WELFARE OF THE FIRE SERVICES WITH THE MALVERNE FIRE DISTRICT; TO PROVIDE AND SUPPORT THE RIGHTS AND BENEFITS OF EACH MEMBER AND THEIR BENEFICIARIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $330
Program Service Revenue $71,587
Investment Income $19,564
Other Revenue $0
TOTAL REVENUE $91,481

Expense Breakdown

Grants Paid $1,175
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $38,712
Other Expenses $10,537
TOTAL EXPENSES $44,298

Year-over-Year Comparison

2023 2022 Change
Revenue $91,481 $91,637 0.0%
Expenses $44,298 $38,375 +0.2%
Net Income $47,183 $53,262 -0.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
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
0
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH ALVINO TRUSTEE 1.00
Director
$0 $0 $0
KEVIN BRADY PRESIDENT 1.00
Director
$0 $0 $0
DAVID GIARDINA 1ST VICE PRESIDENT 1.00
Director
$0 $0 $0
JOHN WOLFFE SECRETARY 1.00
Director
$0 $0 $0
ROBERT ROTH JR TREASURER 1.00
Director
$0 $0 $0
DAVID WEINSTEIN TRUSTEE 1.00
Director
$0 $0 $0
ROBERT GIARDINA TRUSTEE 1.00
Director
$0 $0 $0
SCOTT EDWARDS 2ND VICE PRESIDENT 1.00
Director
$0 $0 $0
WADE ENGEL TRUSTEE 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 No data No data No data No data
2023 $91,481 $44,298 $1,484,197 $47,183
2022 $91,637 $38,375 $1,370,267 $53,262
2021 $116,698 $47,279 $1,481,226 $69,419
2020 $89,464 $37,016 $1,366,617 $52,448
2019 $76,553 $28,417 $1,264,709 $48,136
2018 $84,584 $38,807 $1,133,995 $45,777
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