BERWYN FIREFIGHTERS ASSOC UNION 506 (EIN 510226973) - 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

2001

Principal Officer

MICHAEL LAURETO

Tax Period

2024-01-01 to 2024-12-31

BERWYN FIREFIGHTERS ASSOC UNION 506, founded in 2001, is a small nonprofit that reported $156K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $195K exceeded revenue, resulting in a 25% operating deficit.

Mission

UNION LABOR ACTIVITIES FOR LOCAL GOVERNMENT FIRE DEPARTMENT WORKERS.

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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 $139,685

Program Service Revenue $0

Investment Income $14

Other Revenue $16,131

TOTAL REVENUE $155,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,603

Fundraising Expenses $0

Other Expenses $151,805

TOTAL EXPENSES $195,408

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,830	$188,818	-0.2%
Expenses	$195,408	$198,734	0.0%
Net Income	$-39,578	$-9,916	+3.0%

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

103

Independent Members

Employees

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

$14,440

Total Directors

$22,706

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GARTZ	SECRETARY	2.00	Officer Director	$3,960	$0	$3,960
BRIAN MARQUARDT	TREASURER	2.00	Officer Director	$3,960	$0	$3,960
FRANK BONADONNA	VICE PRESIDE	2.00	Officer Director	$3,260	$0	$3,260
MICHAEL LAURETO	PRESIDENT	2.00	Officer Director	$3,260	$0	$3,260
LORRAINE SPENICKA	TRUSTEE	2.00	Director	$2,969	$0	$2,969
JACOB BULKTHUIS	TRUSTEE	2.00	Director	$2,678	$0	$2,678
FRED BAZALDUA	TRUSTEE	2.00	Director	$2,619	$0	$2,619

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	$155,830	$195,408	$498,234	$-39,578
2023	$188,818	$198,734	$540,312	$-9,916
2022	$166,997	$160,872	$550,228	$6,125
2021	$136,770	$89,815	$544,103	$46,955
2020	$166,732	$80,663	$497,148	$86,069
2019	$209,859	$199,477	$411,079	$10,382
2018	$214,105	$172,681	$400,697	$41,424

BERWYN FIREFIGHTERS ASSOC UNION 506