LOCKPORT FIREFIGHTERS BENEVOLENT FUND (EIN 421523108) - 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

TROY GALETTI

Tax Period

2022-01-01 to 2022-12-31

LOCKPORT FIREFIGHTERS BENEVOLENT FUND, founded in 2002, is a micro nonprofit in the Mutual Benefit sector that reported $2K in total revenue in fiscal year 2019. Revenue surged 107% from the prior year, signaling strong growth momentum. Expenses of $16K exceeded revenue, resulting in a 959% operating deficit.

Mission

TO ESTABLISH, ADMINISTER, AND MAINTAIN A BENEVOLENT FUND TO PROVIDE PARTIAL PAYMENT FOR MEDICAL INSURANCE PREMIUMS FOR RETIRED OR DISABLED FULL-TIME LOCKPORT TOWNSHIP FIRE FIGHTERS AND/OR THEIR SPOUSES, ALL FOR CHARITABLE OR BENEVOLENT PURPOSES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,576

Other Revenue $0

TOTAL REVENUE $1,576

Expense Breakdown

Grants Paid $22,783

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,783

Other Expenses $519

TOTAL EXPENSES $23,302

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,576	$1,757	-0.1%
Expenses	$23,302	$19,517	+0.2%
Net Income	$-21,726	$-17,760	+0.2%

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

101

Independent Members

101

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID GRZETICH	TRUSTEE	1.00	Director	$0	$0	$0
BRENT HULLINGER	SECRETARY	3.00	Officer	$0	$0	$0
TROY GALETTI	PRESIDENT	10.00	Officer	$0	$0	$0
BRANDON RYGH	TREASURER	8.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2022	$1,576	$23,302	$144,109	$-21,726
2021	$1,757	$19,517	$164,554	$-17,760
2020	$1,735	$18,697	$179,768	$-16,962
2019	$1,551	$16,419	$207,632	$-14,868

LOCKPORT FIREFIGHTERS BENEVOLENT FUND