FORADA VOLUNTEER FIREMENS RELIEF ASSOCIATION (EIN 411468749) - 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

1986

Legal Domicile

Principal Officer

PHILIP ZIMPEL

Phone

2186865856

Tax Period

2024-01-01 to 2024-12-31

FORADA VOLUNTEER FIREMENS RELIEF ASSOCIATION, founded in 1986, is a micro nonprofit that reported $32K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18K, a strong 55% operating margin.

Mission

TO PROVIDE RETIREMENT BENEFITS FOR ITS VOLUNTEER FIREFIGHTER MEMBERS. THROUGH ITS LAWFUL GAMBLING OPERATION IT PROVIDES FUNDS FOR ASSISTING THE CITY IN PURCHASING FIRE EQUIPMENT, BUILDING MANAGEMENT, AND YOUTH COMMUNITY PROJECTS.

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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 $10,631

Program Service Revenue $0

Investment Income $104

Other Revenue $21,061

TOTAL REVENUE $31,796

Expense Breakdown

Grants Paid $2,445

Salaries & Benefits $599

Fundraising Expenses $0

Program Expenses $14,163

Other Expenses $11,119

TOTAL EXPENSES $14,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,796	$19,883	+0.6%
Expenses	$14,163	$25,797	-0.5%
Net Income	$17,633	$-5,914	-4.0%

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

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

$599

Total Directors

$599

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP ZIMPEL	TREASURER	004.00	Officer Director	$599	$0	$599
SCOTT HVEZDA	PRESIDENT	004.00	Officer Director	$0	$0	$0
TIM ABLE	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
JOSH A	SECRETARY	004.00	Officer Director	$0	$0	$0
STEPHAN VANLUIK	FIRE CHEIF	001.00	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	$31,796	$14,163	$118,918	$17,633
2023	$19,883	$25,797	$100,964	$-5,914
2022	$34,379	$18,016	$106,408	$16,363
2021	$17,398	$12,807	$120,040	$4,591
2020	$20,790	$10,841	$85,332	$9,949
2019	$17,959	$11,078	$75,383	$6,881

FORADA VOLUNTEER FIREMENS RELIEF ASSOCIATION