TERRY FARRELL FIREFIGHTERS FUND OF GEORGA INC (EIN 465008063) - 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

2014

Legal Domicile

Principal Officer

MICHAEL KORSCH

Phone

7707949134

Tax Period

2022-01-01 to 2022-12-31

TERRY FARRELL FIREFIGHTERS FUND OF GEORGA INC, founded in 2014, is a micro nonprofit in the Public Safety sector that reported $6K in total revenue in fiscal year 2022. Revenue fell 49% from the prior year — a significant decline worth monitoring.

Mission

The Terry Farrell Firefighters Fund was established in his memory, to assist firefighters and families with financial, education, and medical support and to provide equipment to fire departments in need.

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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 $6,073

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,073

Expense Breakdown

Grants Paid $4,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,132

Other Expenses $1,832

TOTAL EXPENSES $6,132

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,073	$11,894	-0.5%
Expenses	$6,132	$10,813	-0.4%
Net Income	$-59	$1,081	-1.1%

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

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
MICHAEL KORSCH	PRESIDENT	005.00	Officer	$0	$0	$0
SUSAN KORSCH	VICE PRESIDENT	005.00	Officer	$0	$0	$0
MIKE SMITH	VICE PRESIDENT	005.00	Officer	$0	$0	$0
PAUL CUPROWSKI	VICE PRESIDENT	005.00	Officer	$0	$0	$0
BRIAN FARRELL	VICE PRESIDENT	005.00	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
2022	$6,073	$6,132	No data	$-59
2021	$11,894	$10,813	$8,204	$1,081
2020	$19,964	$16,886	$7,123	$3,078
2019	$10,137	$12,790	$4,045	$-2,653
2018	$42,148	$41,127	$6,698	$1,021

TERRY FARRELL FIREFIGHTERS FUND OF GEORGA INC