BEVERLY HILLS FIREMENS ASSOCIATION

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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

GREG CUMMINGS

Phone

3102781565

Tax Period

2024-01-01 to 2024-12-31

BEVERLY HILLS FIREMENS ASSOCIATION, founded in 1963, is a small nonprofit that reported $563K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $646K exceeded revenue, resulting in a 15% operating deficit.

Mission

MAINTAIN A FIREFIGHTER'S FUND FOR PROTECTION AND BENEFIT OF THE MEMBERS; TO PROMOTE FRATERNAL FRIENDSHIP AMOUNG THE MEMBERS; TO PROVIDE FOR THE WELFARE OF THE MEMBERS

Program Service Accomplishments

Program 1

Expenses: $229,122 Revenue: $254,349

FUNDS FOR THE BENEFIT AND WELFARE OF THE MEMBERS. PROVIDE CONTINUING EDUCATION FOR FIREFIGHTERS. EDUCATES THE COMMUNITY ABOUT THE ROLE OF FIREFIGHTERS IN THE COMMUNITY.

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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 $400,992

Program Service Revenue $249,000

Investment Income $5,349

Other Revenue $-91,989

TOTAL REVENUE $563,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $337,170

Program Expenses $229,122

Other Expenses $324,650

TOTAL EXPENSES $645,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$563,352	$603,364	-0.1%
Expenses	$645,960	$430,028	+0.5%
Net Income	$-82,608	$173,336	-1.5%

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

N/A

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
BRUNO PALMIERI	PRESIDENT	5.00	Officer	$0	$0	$0
MICHAEL STANLEY	1ST VICE PRESIDENT	5.00	Officer	$0	$0	$0
GREG CUMMINGS	TREASURER	10.00	Officer	$0	$0	$0
JIMMY WEINSTEIN	SECRETARY	5.00	Officer	$0	$0	$0
DEREK SANDEMAN	2ND VICE 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	$563,352	$645,960	$437,916	$-82,608
2023	$603,364	$430,028	$540,360	$173,336
2022	$610,455	$446,893	$421,340	$163,562
2021	$559,519	$529,258	$618,946	$30,261
2020	$512,231	$364,835	$424,668	$147,396
2019	$794,829	$483,610	$585,599	$311,219
2018	$1,070,502	$572,683	$753,455	$497,819