Bedford Firemens Relief Association (EIN 311696573) - 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

1970

Legal Domicile

Principal Officer

Marvin Bennett

Phone

8146238914

Tax Period

2024-01-01 to 2024-12-31

Bedford Firemens Relief Association, founded in 1970, is a small nonprofit in the Public Safety sector that reported $273K in total revenue in fiscal year 2024. Net assets of $1.9M represent 85 months of operating reserves.

Mission

Program in state mandated to provide safety equipment, training, and death benefits to volunteer firemen. Funding is from a fire insurance tax.

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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 $78,423

Program Service Revenue $0

Investment Income $194,698

Other Revenue $0

TOTAL REVENUE $273,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $281,656

Other Expenses $281,656

TOTAL EXPENSES $281,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$273,121	$275,351	0.0%
Expenses	$281,656	$69,056	+3.1%
Net Income	$-8,535	$206,295	-1.0%

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
David Shedlock	President	5.00	Officer	$0	$0	$0
Rocky Fetter	Vice President	1.00	Officer	$0	$0	$0
Marvin Bennett	Treasurer	5.00	Officer	$0	$0	$0
Jay Speicher	Secretary	2.00	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	$273,121	$281,656	$1,928,911	$-8,535
2023	$275,351	$69,056	$1,937,446	$206,295
2022	$76,976	$98,401	No data	$-21,425
2021	$276,521	$92,651	$1,952,554	$183,870
2020	$215,572	$262,962	No data	$-47,390
2019	$313,630	$40,903	No data	$272,727
2018	$66,334	$140,226	$1,543,347	$-73,892

Bedford Firemens Relief Association