ADDISON VOLUNTEER FIRE DEPT

EIN: 036010611

VERGENNES, VT

Total Revenue
$211,292
Total Expenses
$185,197
Total Assets
$237,488
Net Assets
$200,892
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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
1961
Legal Domicile
VT
Principal Officer
CHRISTOPHER REED
Phone
8023498373
Tax Period
2024-01-01 to 2024-12-31

ADDISON VOLUNTEER FIRE DEPT, founded in 1961, is a small nonprofit that reported $211K in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum. Expenses of $185K left a modest 12% surplus.

Mission

VOLUNTARY FIRE DEPARTMENT SERVICING THE TOWN WITH FIRE PROTECTION

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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 (2024)

Revenue Breakdown

Contributions & Grants $194,959
Program Service Revenue $1,420
Investment Income $5,517
Other Revenue $9,396
TOTAL REVENUE $211,292

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $4,065
Program Expenses $171,323
Other Expenses $185,197
TOTAL EXPENSES $185,197

Year-over-Year Comparison

2024 2023 Change
Revenue $211,292 $101,511 +1.1%
Expenses $185,197 $88,887 +1.1%
Net Income $26,095 $12,624 +1.1%
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
40
Independent Members
40
Employees
N/A
Volunteers
40

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chistopher Reed 1.00
$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 $141,002 $40,739 $275,060 $100,263
2024 $211,292 $185,197 $237,488 $26,095
2023 $101,511 $88,887 $211,393 $12,624
2022 $73,208 $83,918 $212,890 $-10,710
2021 $104,557 $110,894 $238,216 $-6,337
2020 $99,197 $154,883 $289,709 $-55,686
2019 $102,933 $188,675 No data $-85,742
2018 $109,760 $164,022 $935,621 $-54,262
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