Firefighter Arno Memorial Foundation Inc
Nonprofit profile at a glance
- EIN
- 923943549
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Brooklyn, NY, USA
- Phone
- 7169305802
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Safety, Disaster Preparedness & Relief N.E.C.
Reported finances
- Revenue
- $77,010
- Expenses
- $23,690
- Assets
- $97,375
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JAMES FORERO JR (PRESIDENT)
- MICHAEL FORERO (VICE PRESIDENT)
People named in this filing
- JAMES FORERO JR (PRESIDENT)
- MICHAEL FORERO (VICE PRESIDENT)
- WESLEY KING (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The primary purpose of the organization is to provide resources, financial support, and opportunities for western New York first responders and their families by fundraising and increasing community awareness of their daily efforts.
What it reported doing in 2024
To provide resources, financial support, and opportunities for western New York first responders and their families.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 47
- Transparency & Controls: 100
- Sustainability: 83
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.7%; rating input score 26
- Program expense ratio: 83.5%; rating input score 83
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 69.2%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 4.11; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -15.6% per year; rating input score 0; 21st percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 75.4% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 25.7% of revenue deployed · 83.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $20K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 26/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.