THE FIREWORKS FOUNDATION INC (EIN 320002143) - 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

2002

Legal Domicile

Principal Officer

MICHAEL S SWISHER

Phone

6514393115

Tax Period

2024-01-01 to 2024-12-31

THE FIREWORKS FOUNDATION INC, founded in 2002, is a micro nonprofit in the Education sector that reported $48K in total revenue in fiscal year 2024. Revenue fell 84% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $19K, a strong 39% operating margin.

Mission

TO ENSURE, IN PERPETUITY, THE EXISTENCE OF HOBBYIST FIREWORKS AND CLUBS.

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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 $13,518

Program Service Revenue $0

Investment Income $34,980

Other Revenue $0

TOTAL REVENUE $48,498

Expense Breakdown

Grants Paid $20,730

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,730

Other Expenses $9,092

TOTAL EXPENSES $29,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,498	$307,230	-0.8%
Expenses	$29,822	$23,963	+0.2%
Net Income	$18,676	$283,267	-0.9%

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
EDWARD R HOSTETTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN R STEINBERG MD	SECRETARY	4.00	Officer Director	$0	$0	$0
KURT C MEDLIN	TRUSTEE	4.00	Director	$0	$0	$0
MICHAEL S SWISHER	TREASURER	8.00	Officer Director	$0	$0	$0
MARK STEPHEN WOODBURN	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	$48,498	$29,822	$1,130,728	$18,676
2023	$307,230	$23,963	$1,050,082	$283,267
2022	$42,357	$37,716	$718,474	$4,641
2021	$48,119	$12,935	$830,660	$35,184
2020	$18,111	$10,118	$766,833	$7,993
2019	$348,502	$19,893	$731,092	$328,609

THE FIREWORKS FOUNDATION INC