Warriors have bucked a growing trend in Scottish football, by turning a profit last season.
The club accounts show the Warriors finished the financial year ending in May 2011 in the black.
The £15,771 profit is a turnaround of almost £100,000 after the club incurred losses in its 2010 figures.
Chairman Martin McNairney told The Falkirk Herald: “It’s just a case of being careful.
“We have a set budget and stick within it - that is important. It’s a success for good management, and we just live within our means
“Davie Irons has altered the squad, with experienced players, but the number of players in the squad has been drastically reduced to keep the team within the playing budget.”
Stenhousemuir have also increased attendances, and earn further income from the synthetic pitch at Ochilview, and by leasing the ground out for use by tenants East Stirlingshire.
“The pitch brings money in, and so does our community programme.
“The attendances are up - but that’s what happens when a team is doing well.
“But it’s also because of our community programme bringing more young people to the games. Although they’re coming in for free, we’re hopefully encouraging the Stenhousemuir supporters of tomorrow.
The Warriors’ turnover is up by almost £56,000 to £493,000 and costs have also been cut by £18,500.
“There’s no magic wand. We just run a tight ship. We have support from the community and the bigger the support we have the better the budget for Davie Irons and the playing staff.”
n Martin McNairney will accompany Davie Irons to Hampden today (Thursday) for the manager’s disciplinary hearing after being sent off in the stormy home defeat to Dumbarton last month.