WARWICK FIREFIGHTERS RELIEF ASSOCIATION WELFARE BENEFIT PLAN (EIN 825319341) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

GEORGE LUSIGNAN

Phone

4013319600

Tax Period

2024-01-01 to 2024-12-31

WARWICK FIREFIGHTERS RELIEF ASSOCIATION WELFARE BENEFIT PLAN, founded in 2012, is a micro nonprofit in the Mutual Benefit sector that reported $39K in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 93% operating margin.

Mission

THE WARWICK FIREFIGHTERS RELIEF ASSOCIATION WAS ESTABLISHED IN 1960 TO PROVIDE AID AND RELIEF TO SICK, DISABLED OR NEEDY MEMBERS AND THEIR FAMILIES AND TO THE WIDOWS AND FAMILIES OF DECEASED MEMBERS. THE WARWICK FIREFIGHTERS RELIEF ASSOCIATION WAS REGISTERED AS A RHODE ISLAND NON-PROFIT CORPORATION ON JUNE 15, 2012 AND PURCHASED LIFE INSURANCE POLICIES FOR ACTIVE AND RETIRED MEMBERS ON FEBRUARY 1, 2013. ALL PROVISIONS TO OCCUR WILL BE CONDUCTED BY THE WARWICK FIREFIGHTERS RELIEF ASSOCIATION'S BOARD OF DIRECTORS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $38,774

Other Revenue $0

TOTAL REVENUE $38,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,893

TOTAL EXPENSES $2,893

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,774	$21,839	+0.8%
Expenses	$2,893	$2,832	+0.0%
Net Income	$35,881	$19,007	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
THOMAS JESSUP	TREASURER	N/A	Officer Director	$0	$0	$0
GEORGE LUSIGNAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
MICHAEL BOYNTON SR	VICE PRESIDE	N/A	Officer 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
2024	$38,774	$2,893	$615,504	$35,881
2023	$21,839	$2,832	$549,659	$19,007
2022	$33,506	$2,447	$484,731	$31,059
2021	$96,490	$2,597	$566,418	$93,893

WARWICK FIREFIGHTERS RELIEF ASSOCIATION WELFARE BENEFIT PLAN