VOLUNTEER EXEMPT FIREFIGHTERS BENEVOLENT ASSN OF MANHASSET-LAKEV (EIN 473949989) - 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

Phone

5165217250

Tax Period

2024-01-01 to 2024-12-31

VOLUNTEER EXEMPT FIREFIGHTERS BENEVOLENT ASSN OF MANHASSET-LAKEV, founded in 2014, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $839K, a strong 72% operating margin.

Mission

Volunteers provide relief aid and assistance to the volunteer members of such corporation who are disabled or injured in the performance of their duties and their families to promote and safeguard the welfare of the volunteer members of the corporation and their families

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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 $108,210

Program Service Revenue $722,048

Investment Income $332,270

Other Revenue $0

TOTAL REVENUE $1,162,528

Expense Breakdown

Grants Paid $250,000

Salaries & Benefits $750

Fundraising Expenses $0

Program Expenses $323,630

Other Expenses $57,534

TOTAL EXPENSES $323,630

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,162,528	$897,275	+0.3%
Expenses	$323,630	$203,432	+0.6%
Net Income	$838,898	$693,843	+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

300

Independent Members

N/A

Employees

N/A

Volunteers

300

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

$750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Anderson	President	5.00	Officer	$0	$0	$0
Michael Fener	Treasurer	5.00	Officer	$750	$0	$750
Michael Bernatovich	Vice President	3.00	Officer	$0	$0	$0
Robert Fener	Secretary	5.00	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
2024	$1,162,528	$323,630	$4,594,661	$838,898
2023	$897,275	$203,432	$3,755,763	$693,843
2022	$135,739	$141,194	$3,061,920	$-5,455
2021	$604,748	$47,185	$3,067,375	$557,563
2020	$578,357	$45,267	$2,509,812	$533,090

VOLUNTEER EXEMPT FIREFIGHTERS BENEVOLENT ASSN OF MANHASSET-LAKEV