Volunteer Firefighters Benevolent Assoc of Millwood NY

EIN: 991097639 501(c)(3) Mutual Benefit

Millwood, NY

Total Revenue
$90,486
Total Expenses
$51,797
Total Assets
$755,936
Net Assets
$755,936
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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
NY
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 wellbeing of the members of the Volunteer Firefighters Benevolent Association of Millwood NY

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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%)

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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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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