COLCHESTER HAYWARD VOLUNTEER FIRE … - Form 990 Financial Data

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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

1854

Legal Domicile

Principal Officer

DEBI MARVIN

Phone

8605372512

Tax Period

2024-01-01 to 2024-12-31

COLCHESTER HAYWARD VOLUNTEER FIRE COMPANY, founded in 1854, is a small nonprofit that reported $110K in total revenue in fiscal year 2024. Expenses of $256K exceeded revenue, resulting in a 133% operating deficit.

Mission

PROVISION OF MEDICAL, FIRE AND RESCUE INTERVENTION TO PROTECT AND PRESERVE LIVES AND PROPERTY OF THE PEOPLE IN THE TOWN OF COLCHESTER CONNECTICUT.

Program Service Accomplishments

Program 1

Expenses: $229,993 Revenue: $109,580

MEDICAL, FIRE AND RESCUE INTERVENTION INCLUDING SUPPORT SERVICES FOR FIRST RESPONDING VOLUNTEERS.

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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 $67,754

Program Service Revenue $0

Investment Income $25,021

Other Revenue $16,805

TOTAL REVENUE $109,580

Expense Breakdown

Grants Paid $153,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $237,986

Other Expenses $85,226

TOTAL EXPENSES $255,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,580	$101,808	+0.1%
Expenses	$255,501	$83,004	+2.1%
Net Income	$-145,921	$18,804	-8.8%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUDRIE BABINEAU	SECRETARY	N/A	Officer	$0	$0	$0
KEITH KUNDAHL	VICE PRESIDE	N/A	Officer	$0	$0	$0
DEBI MARVIN	PRESIDENT	N/A	Officer	$0	$0	$0
CHARLES MAYNARD	TREASURER	N/A	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	$109,580	$255,501	$1,161,673	$-145,921
2023	$101,808	$83,004	$1,321,344	$18,804
2022	$682,606	$70,895	$1,302,540	$611,711
2021	$69,372	$58,906	$677,079	$10,466
2020	$47,990	$55,951	$666,613	$-7,961
2019	$58,825	$62,443	$674,574	$-3,618
2018	$64,875	$47,772	$678,192	$17,103

COLCHESTER HAYWARD VOLUNTEER FIRE COMPANY