Waterville Firefighters Relief Association (EIN 411322753) - 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

1967

Legal Domicile

Principal Officer

Justin Wenker

Phone

5078385526

Tax Period

2023-01-01 to 2023-12-31

Waterville Firefighters Relief Association, founded in 1967, is a micro nonprofit that reported $90K in total revenue in fiscal year 2023. Expenses of $666K exceeded revenue, resulting in a 639% operating deficit.

Mission

To provide retirement benefits 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 (2023)

Revenue Breakdown

Contributions & Grants $39,603

Program Service Revenue $0

Investment Income $46,514

Other Revenue $4,036

TOTAL REVENUE $90,153

Expense Breakdown

Grants Paid $2,750

Salaries & Benefits $2,250

Fundraising Expenses $0

Program Expenses $658,344

Other Expenses $655,887

TOTAL EXPENSES $666,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$90,153	$92,606	0.0%
Expenses	$666,359	$44,154	+14.1%
Net Income	$-576,206	$48,452	-12.9%

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

$1,950

Total Directors

$1,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeremy Schwartz	President	1.00	Officer Director	$650	$0	$650
Michael Mertins	Vice President	2.00	Officer Director	$0	$0	$0
Justin Wenker	Secretary	1.00	Officer Director	$650	$0	$650
Dennis Androli	Treasurer	2.00	Officer Director	$650	$0	$650
Matthew Duhme	Trustee	1.00	Director	$0	$0	$0
Darrin Hanks	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
2023	$90,153	$666,359	$24,883	$-576,206
2022	$92,606	$44,154	$577,212	$48,452
2021	$83,055	$41,477	$652,652	$41,578
2020	$59,909	$61,985	$568,054	$-2,076
2019	$62,773	$18,890	$531,077	$43,883
2018	$64,815	$145,262	$441,024	$-80,447

Waterville Firefighters Relief Association