VALLEY STREAM VOLUNTEER AND EXEMPT FIREMENS BENEV (EIN 900861711) - 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

1939

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

VALLEY STREAM VOLUNTEER AND EXEMPT FIREMENS BENEV, founded in 1939, is a small nonprofit in the Public Safety sector that reported $264K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $361K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE ELIEF AID AND ASSISTANCE TO INDIGENT AND DISABLEDMEMBERS OF THE ORGANIZATION

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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 $2,280

Program Service Revenue $199,036

Investment Income $62,863

Other Revenue $8

TOTAL REVENUE $264,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $168,847

Other Expenses $354,724

TOTAL EXPENSES $360,508

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,187	$310,763	-0.1%
Expenses	$360,508	$312,804	+0.2%
Net Income	$-96,321	$-2,041	+46.2%

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
WILLIAM J KIRKHAM III	SECRETARY	5.00	Officer	$0	$0	$0
MICHAEL LAXTON	FINANCIAL SECY	5.00	Officer	$0	$0	$0
RONALD MASTRANGELO	VICE PRES	5.00	Officer	$0	$0	$0
RICHARD SULLIVAN	TREASURER	5.00	Officer	$0	$0	$0
EDWIN FARE	PRESIDENT	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	No data	No data	No data	No data
2023	$264,187	$360,508	$3,779,320	$-96,321
2022	$310,763	$312,804	$3,536,837	$-2,041
2021	$316,162	$251,982	$3,993,492	$64,180
2020	$330,340	$256,762	$3,744,526	$73,578

VALLEY STREAM VOLUNTEER AND EXEMPT FIREMENS BENEV