FASNY Museum of Firefighting

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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

1925

Legal Domicile

Principal Officer

David Quinn

Phone

5188221875

Tax Period

2023-10-01 to 2024-09-30

FASNY Museum of Firefighting, founded in 1925, is a small nonprofit in the Arts, Culture & Humanities sector that reported $763K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $920K exceeded revenue, resulting in a 21% operating deficit.

Mission

The mission of the FASNY Museum of Firefighting is to educate a diverse audience about firefighting as a history, culture, a service to humanity, a preventative practice, and a

Program Service Accomplishments

Program 1

Expenses: $845,733 Revenue: $108,720

The FASNY Museum receives, protects, restores, and exhibits objects and properties of historic and contemporary interest related to firefighting in New York State for the edification and enjoyment of...

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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 (2023)

Revenue Breakdown

Contributions & Grants $460,991

Program Service Revenue $79,713

Investment Income $193,326

Other Revenue $29,007

TOTAL REVENUE $763,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $594,062

Fundraising Expenses $44,317

Program Expenses $845,733

Other Expenses $295,957

TOTAL EXPENSES $920,019

Year-over-Year Comparison

	2023	2022	Change
Revenue	$763,037	$1,080,593	-0.3%
Expenses	$920,019	$1,020,376	-0.1%
Net Income	$-156,982	$60,217	-3.6%

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

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

$101,068

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jamie Quinn	Museum Director	40.00	Officer	$86,590	$14,478	$101,068
Ron Oettel Jr	President	8.00	Officer Director	$0	$0	$0
Neal VanDeusen	Vice President	4.00	Officer Director	$0	$0	$0
Blake Garrison	Secretary	4.00	Officer Director	$0	$0	$0
David Quinn	Treasurer	4.00	Officer Director	$0	$0	$0
Evan Schieren Sr	Director	2.00	Director	$0	$0	$0
Mick DellaValle	Director	2.00	Director	$0	$0	$0
Dr Richard Gasaway	Director	2.00	Director	$0	$0	$0
Jessica Ellerbe	Director	2.00	Director	$0	$0	$0
Ed Tase	Director	2.00	Director	$0	$0	$0
Sharyn Richards Marks	Director	2.00	Director	$0	$0	$0
Frederick Griffiths	Director	2.00	Director	$0	$0	$0
Patrick Perry	Director	2.00	Director	$0	$0	$0
Tarah Gay	Director	2.00	Director	$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	$763,037	$920,019	$8,676,492	$-156,982
2023	$1,080,593	$1,020,376	$8,304,058	$60,217
2022	$766,581	$783,659	$7,966,759	$-17,078
2021	$909,517	$845,629	$8,865,996	$63,888
2020	$365,858	$906,535	$7,817,387	$-540,677
2019	$1,311,563	$1,079,293	$8,590,091	$232,270
2018	$964,832	$938,211	$9,156,192	$26,621