SOUTH SALEM FIRE DEPARTMENT 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

1932

Legal Domicile

Phone

9147633706

Tax Period

2024-04-01 to 2025-03-31

SOUTH SALEM FIRE DEPARTMENT INC, founded in 1932, is a small nonprofit in the Public Safety sector that reported $193K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $180K left a modest 7% surplus.

Mission

FIRE FIGHTING AND EMERGENCY AID, PROVIDING FOR THE FIREFIGHTERS BENEVOLENT FUND, HOSTING EVENTS FOR THE MEMBERS AND RESIDENTS OF SOUTH SALEM.

Program Service Accomplishments

Program 1

Expenses: $42,514

FIRE FIGHTING, EMERGENCY AID, ACCIDENT RESPONSE, FIRE PREVENTION AWARENESS

Program 2

Expenses: $26,778

HOST EVENTS FOR THE MEMBERS AND LOCAL COMMUNITIES.

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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 $187,015

Program Service Revenue $0

Investment Income $23

Other Revenue $5,576

TOTAL REVENUE $192,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $54,791

Program Expenses $69,292

Other Expenses $179,763

TOTAL EXPENSES $179,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,614	$160,625	+0.2%
Expenses	$179,763	$168,128	+0.1%
Net Income	$12,851	$-7,503	-2.7%

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

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
SCOTT FORBES	TREASURER	2.00	Officer Director	$0	$0	$0
NEAL BLUM	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
PETER HADLOCK	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS JOHNSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SCOTT SCHOENBERG	CORRESPONDING SEC	2.00	Officer 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
2025	$192,614	$179,763	$3,649,493	$12,851
2024	$160,625	$168,128	$3,507,228	$-7,503
2023	$171,199	$199,939	$3,137,338	$-28,740
2022	$106,259	$173,560	$3,583,583	$-67,301
2021	$254,359	$51,379	$3,575,916	$202,980
2020	$211,072	$65,493	$2,635,811	$145,579
2019	$178,522	$72,610	$2,697,609	$105,912