SOUTH SIDE HOSE COMPANY NO 2

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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

1927

Legal Domicile

Phone

5167662231

Tax Period

2023-12-01 to 2024-11-30

SOUTH SIDE HOSE COMPANY NO 2, founded in 1927, is a small nonprofit in the Public Safety sector that reported $109K in total revenue in fiscal year 2023. Net assets of $596K represent 65 months of operating reserves.

Mission

THE PURPOSE OF THE ORGANIZATION (FIREHOUSE) IS TO PROVIDE FIRE SUPRESSION TO THE COMMUNITY AND TRAINING AND EDUCATION TO ITS MEMBERS IN FIRE SUPRESSION AND OTHER FIREFIGHTER DUTIES.

Program Service Accomplishments

Program 1

Expenses: $21,571

THE ORGANIZATION PROVIDED FIRE SUPPRESSION SERVICES TO THE PUBLIC AT NO COST. IN ADDITION, TRAINING AND EDUCATION OF ITS MEMBERS IN FIRE SUPPRESSION AND OTHER FIREFIGHTING DUTIES WAS CONDUCTED.

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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 $0

Program Service Revenue $927

Investment Income $2,399

Other Revenue $105,922

TOTAL REVENUE $109,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,571

Other Expenses $110,346

TOTAL EXPENSES $110,346

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,248	$106,246	+0.0%
Expenses	$110,346	$129,318	-0.1%
Net Income	$-1,098	$-23,072	-1.0%

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

150

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
STEVEN BRESIN	Treasurer	20.00	Officer Director	$0	$0	$0
DAN SABATINO	CAPTAIN	20.00	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
2024	$109,248	$110,346	$817,218	$-1,098
2023	$106,246	$129,318	$825,605	$-23,072
2022	$104,826	$173,273	$891,674	$-68,447
2021	$172,132	$217,951	$962,029	$-45,819
2020	$98,787	$75,131	$778,948	$23,656
2018	$102,931	$114,493	$747,602	$-11,562