Volunteer Firefighters Benevolent … - Form 990 Financial Data

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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

1938

Legal Domicile

Principal Officer

Robert Seltzer

Tax Period

2025-01-01 to 2025-12-31

Volunteer Firefighters Benevolent Assoc of Millwood NY, founded in 1938, is a micro nonprofit in the Mutual Benefit sector that reported $90K in total revenue in fiscal year 2025. The organization ran a surplus of $39K, a strong 43% operating margin.

Mission

Dedicated to the education, health and well-being of the members of the Volunteer Firefighters' Benevolent Assocation of Millwood, NY.

Program Service Accomplishments

Program 1

Expenses: $51,798 Revenue: $67,059

Provided bereavement support, health and medical assistance, emergency hardship support,and promotion of the welfare of Association members and their families.

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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 (2025)

Revenue Breakdown

Contributions & Grants $67,059

Program Service Revenue $0

Investment Income $23,427

Other Revenue $0

TOTAL REVENUE $90,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,798

Other Expenses $19,876

TOTAL EXPENSES $51,797

Year-over-Year Comparison

	2025	2024	Change
Revenue	$90,486	$90,700	0.0%
Expenses	$51,797	$34,508	+0.5%
Net Income	$38,689	$56,192	-0.3%

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

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
CLAUDIO BALLOFFET	President	2.00	Officer Director	$0	$0	$0
JORGE RODRIGUES	VP	2.00	Officer Director	$0	$0	$0
ROBERT SELTZER	Treasurer	3.00	Officer Director	$0	$0	$0
JAN SCHWARK	Director	1.00	Director	$0	$0	$0
ROBERT MCCARTHY	Director	1.00	Director	$0	$0	$0
CHRIS RAGUSO	Director	1.00	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	$90,486	$51,797	$755,936	$38,689

Volunteer Firefighters Benevolent Assoc of Millwood NY