PUTNAM LAKE FIRE DEPARTMENT INC (EIN 113804623) - 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

1946

Legal Domicile

Principal Officer

MICHAEL CAIRNEY

Phone

8452798480

Tax Period

2024-01-01 to 2024-12-31

PUTNAM LAKE FIRE DEPARTMENT INC, founded in 1946, is a small nonprofit in the Public Safety sector that reported $584K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $104K, a strong 18% operating margin.

Mission

FIRE PROTECTION, EMERGENCY RESCUE AND FIRST AID SERVICES ("FIRE PROTECTION SERVICES") TO PATTERSON FIRE PROTECTION DISTRICT NO 2 OF THE TOWN OF PATTERSON, NEW YORK.

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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 $8,084

Program Service Revenue $550,420

Investment Income $15,730

Other Revenue $9,403

TOTAL REVENUE $583,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $456,975

Other Expenses $479,367

TOTAL EXPENSES $479,367

Year-over-Year Comparison

	2024	2023	Change
Revenue	$583,637	$486,533	+0.2%
Expenses	$479,367	$275,187	+0.7%
Net Income	$104,270	$211,346	-0.5%

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
MICHAEL CAIRNEY	CHIEF	15.00	Officer	$0	$0	$0
DAVID RAINES	PRESIDENT	10.00	Officer	$0	$0	$0
MARCO FARCIERT	VICE PRESIDE	10.00	Officer	$0	$0	$0
MICHELLE TUCKER	SECRETARY	10.00	Officer	$0	$0	$0
NICOLE SANT	TREASURER	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	$583,637	$479,367	$2,471,115	$104,270
2023	$486,533	$275,187	$2,438,701	$211,346
2022	$524,868	$353,086	$2,292,222	$171,782
2021	$573,272	$263,748	$2,182,662	$309,524
2020	$483,391	$320,586	$1,926,009	$162,805
2019	$462,864	$336,995	$1,439,962	$125,869
2018	$434,727	$280,664	$1,327,886	$154,063

PUTNAM LAKE FIRE DEPARTMENT INC