SALTAIRE VOLUNTEER 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

1969

Legal Domicile

Tax Period

2023-06-01 to 2024-05-31

SALTAIRE VOLUNTEER FIRE COMPANY INC, founded in 1969, is a small nonprofit in the Public Safety sector that reported $108K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21K, a strong 20% operating margin.

Mission

TO PROVIDE PROTECTION OF PERSONS AND PROPERTY FROM INJURY LOSS DAMAGE OR DESTRUCTION BY FIRE. THE DEPARTMENT ALSO PROVIDES RECUE SERVICE

Program Service Accomplishments

Program 1

Expenses: $61,368 Revenue: $19,356

THE DEPARTMENT PROVIDES PROTECTION OF PERSONS AND PROPERTY FORM INJURY LOSS DAMAGE OR DESTRUCTION BY FIRE THE DEPARTMENT ALSO PROVIDES RESCUE SERVICES

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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 $62,188

Program Service Revenue $45,366

Investment Income $10

Other Revenue $0

TOTAL REVENUE $107,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,368

Other Expenses $86,342

TOTAL EXPENSES $86,342

Year-over-Year Comparison

	2023	2022	Change
Revenue	$107,564	$84,337	+0.3%
Expenses	$86,342	$152,583	-0.4%
Net Income	$21,222	$-68,246	-1.3%

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

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
MARIO POSILLICO	2ND ASST	10.00	Officer	$0	$0	$0
JOSEPH HARRY BAKER	3RD ASST	10.00	Officer	$0	$0	$0
HUGH OBRIEN	SECRETARY	10.00	Officer	$0	$0	$0
VERNON HENRIKSEN	PRESIDENT	10.00	Officer	$0	$0	$0
JAMES MCDONALD	TREASURER	10.00	Officer	$0	$0	$0
JOSH RAEBEN	1ST ASST	10.00	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
2025	No data	No data	No data	No data
2024	$107,564	$86,342	$136,642	$21,222
2023	$84,337	$152,583	$115,420	$-68,246
2022	$159,154	$61,667	$183,666	$97,487
2021	$89,437	$77,429	$86,179	$12,008
2020	$62,928	$115,832	$74,171	$-52,904
2019	$63,814	$190,007	$127,075	$-126,193