KENSINGTON VOLUNTEER FIREMENS BENEFIT ASSN (EIN 931051660) - 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

1963

Legal Domicile

Principal Officer

COREY KNABE

Phone

3209652743

Tax Period

2024-01-01 to 2024-12-31

KENSINGTON VOLUNTEER FIREMENS BENEFIT ASSN, founded in 1963, is a micro nonprofit that reported $43K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23K, a strong 54% operating margin.

Mission

TO PROVIDE RETIREMENT BENEFITS FOR ITS FIREFIGHTER MEMBERS. THROUGH ITS LAWFUL GAMBLING OPERATION IT ALSO PROVIDES FUNDS FOR FIRE EQUIP., FIREHALL IMPROVEMENTS, TRAINING, YOUTH COMMUNITY PROJECTS, ACTIVITIES, AND NEEDS

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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 $28,924

Program Service Revenue $0

Investment Income $9,273

Other Revenue $4,570

TOTAL REVENUE $42,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,877

Other Expenses $19,814

TOTAL EXPENSES $19,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,767	$34,274	+0.2%
Expenses	$19,877	$32,109	-0.4%
Net Income	$22,890	$2,165	+9.6%

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

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
COREY KNABE	CEO	005.00	Officer	$0	$0	$0
CASEY KNABE	TREASURER	002.00	Officer	$0	$0	$0
NASH ANDERSON	SECRETARY	002.00	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	$42,767	$19,877	$282,780	$22,890
2023	$34,274	$32,109	$259,890	$2,165
2022	$28,731	$15,120	$256,880	$13,611
2021	$32,939	$34,152	$243,269	$-1,213
2020	$32,052	$51,093	$244,482	$-19,041
2019	$27,131	$33,804	$264,696	$-6,673

KENSINGTON VOLUNTEER FIREMENS BENEFIT ASSN