BRIDGEWATER FIRE DEPARTMENT INC (EIN 061157153) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

BRIDGEWATER FIRE DEPARTMENT INC, founded in 1998, is a small nonprofit in the Public Safety sector that reported $551K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $313K, a strong 57% operating margin.

Mission

THE EXEMPT PURPOSE ACHIEVMENT IS TO PROVIDE FIRE, RESCUE, AMBULANCE, AND OTHER EMERGENCY RESPONSE SERVICES IN THE TOWN OF BRIDGEWATER AND ADJACENT TOWNS ON A MUTUAL AID BASIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,372

Program Service Revenue $66,016

Investment Income $17,130

Other Revenue $455,968

TOTAL REVENUE $551,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,177

Program Expenses $228,204

Other Expenses $238,123

TOTAL EXPENSES $238,123

Year-over-Year Comparison

	2023	2022	Change
Revenue	$551,486	$599,655	-0.1%
Expenses	$238,123	$169,695	+0.4%
Net Income	$313,363	$429,960	-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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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	Role	Reportable Comp	Other Comp	Total
LAURA SHAIL	SECRETARY	Officer	$0	$0	$0
JOHN STEITZEL	CHIEF	Officer	$0	$0	$0
SCOTT SHAIL	TREASUER	Officer	$0	$0	$0
ERIC GSELL	PRESIDENT	Officer	$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	No data	No data	No data	No data
2023	$551,486	$238,123	$2,520,156	$313,363
2022	$599,655	$169,695	$2,169,914	$429,960
2021	$437,803	$206,298	$1,739,954	$231,505

BRIDGEWATER FIRE DEPARTMENT INC