BULLVILLE FIRE COMPANY INC

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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

1923

Legal Domicile

Principal Officer

ANTHONY BORINO JR

Phone

8453613939

Tax Period

2024-01-01 to 2024-12-31

BULLVILLE FIRE COMPANY INC, founded in 1923, is a micro nonprofit in the Public Safety sector that reported $58K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $108K exceeded revenue, resulting in a 85% operating deficit.

Mission

PREVENTION AND EXTINGUISHMENT OF FIRE AND THE PRESERVATION AND PROTECTION OF LIFE AND PROPERTY INCIDENTAL THERETO; PARTICIPATION IN SUCH PARADES, FIREMATIC EXHIBITIONS AND AT TRAINING EXERCISES AS ARE APPROVED BY THE CHIEF OF THE DEPARTMENT AND THE BOARD OF FIRE COMMISSIONERS.

Program Service Accomplishments

Program 1

Expenses: $102,501 Revenue: $67,893

THE EDUCATION AND PROTECTION OF THE COMMUNITY FROM FIRE AND OTHER HAZARDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $983

Program Service Revenue $57,893

Investment Income $-10,406

Other Revenue $10,000

TOTAL REVENUE $58,470

Expense Breakdown

Grants Paid $800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,501

Other Expenses $107,510

TOTAL EXPENSES $108,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,470	$99,848	-0.4%
Expenses	$108,310	$118,549	-0.1%
Net Income	$-49,840	$-18,701	+1.7%

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

Independent Members

Employees

N/A

Volunteers

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS SULLIVAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
BILL BACON JR	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JASON HIGGINSON	SECRETARY	5.00	Officer Director	$0	$0	$0
TIMOTHY SCHNEIDER	FINANCIAL SECRETARY	5.00	Officer Director	$0	$0	$0
ANTHONY BORINO JR	TREASURER	5.00	Officer Director	$0	$0	$0
DENNIS BRANHAM	FIRE POLICE CAPTAIN	5.00	Officer Director	$0	$0	$0
MICHAEL HOPPE	DIRECTOR	5.00	Director	$0	$0	$0
PAUL DIMAGGIO	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL MORELLO	DIRECTOR	5.00	Director	$0	$0	$0
BUDDY KHUN	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL HOPPE JR	DIRECTOR	5.00	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
2024	$58,470	$108,310	$530,209	$-49,840
2023	$99,848	$118,549	$580,045	$-18,701
2022	$131,308	$168,870	$598,746	$-37,562
2021	$229,689	$77,201	$636,308	$152,488