OGEMA AREA FIREMENS ASSOCIATION (EIN 474243616) - 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

2015

Legal Domicile

Principal Officer

DEREK HOBAN

Phone

6126957426

Tax Period

2022-01-01 to 2022-12-31

OGEMA AREA FIREMENS ASSOCIATION, founded in 2015, is a micro nonprofit in the Public Safety sector that reported $55K in total revenue in fiscal year 2022. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $67K exceeded revenue, resulting in a 21% operating deficit.

Mission

FIREFIGHTING IN THE OGEMA AREA, WITH THE OBJECTIVE TO CREATE PUBLIC AWARENESS ABOUT THE NATURE OF FIREMEN WORK, AND TO PROVIDE PUBLIC OUTREACH TO YOUTH AND FAMILIES IN THE AREA ABOUT FIREMEN.

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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 $9,498

Program Service Revenue $0

Investment Income $208

Other Revenue $45,581

TOTAL REVENUE $55,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,894

Other Expenses $66,698

TOTAL EXPENSES $66,698

Year-over-Year Comparison

	2022	2021	Change
Revenue	$55,287	$156,854	-0.6%
Expenses	$66,698	$98,816	-0.3%
Net Income	$-11,411	$58,038	-1.2%

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

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
DEREK HOBAN	OFFICER	6.00	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	$55,287	$66,698	$353,789	$-11,411
2021	$156,854	$98,816	$365,200	$58,038
2020	$65,480	$65,492	$307,162	$-12
2019	$127,750	$66,321	$307,174	$61,429
2018	$102,143	$46,755	$245,745	$55,388

OGEMA AREA FIREMENS ASSOCIATION