BANKSVILLE INDEPENDENT FIRE COMPANY

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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

1949

Legal Domicile

Principal Officer

LISA NATALE

Phone

9142347104

Tax Period

2023-01-01 to 2023-12-31

BANKSVILLE INDEPENDENT FIRE COMPANY, founded in 1949, is a small nonprofit in the Public Safety sector that reported $725K in total revenue in fiscal year 2023. The organization ran a surplus of $127K, a strong 17% operating margin.

Mission

THE ORGANIZATION OPERATES A FIRE STATION LOCATED IN BANKSVILLE, NY. THE ORGANIZATION PROVIDES FIRE PROTECTION AND EMERGENCY SERVICES FOR THE TOWNS OF GREENWICH, CT AND NORTH CASTLE, NY.

Program Service Accomplishments

Program 1

Expenses: $390,931

THE BANKSVILLE INDEPENDENT FIRE COMPANY RESPONDED TO FIRE AND EMERGENCY INCIDENTS IN THE TOWNS OF NORTH CASTLE, NY AND GREENWICH, CT DURING THE YEAR ENDED DECEMBER 31, 2022.

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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 $659,607

Program Service Revenue $0

Investment Income $26,408

Other Revenue $39,385

TOTAL REVENUE $725,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,582

Fundraising Expenses $2,506

Program Expenses $390,931

Other Expenses $587,248

TOTAL EXPENSES $598,830

Year-over-Year Comparison

	2023	2022	Change
Revenue	$725,400	$681,885	+0.1%
Expenses	$598,830	$568,946	+0.1%
Net Income	$126,570	$112,939	+0.1%

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

N/A

Employees

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

$3,000

Total Directors

$26,155

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA NATALE	TREASURER	2.00	Director	$6,500	$0	$6,500
AL FARQUHAR	CHIEF	2.00	Director	$3,200	$0	$3,200
WALTER WATSON	CAPTAIN	2.00	Director	$3,200	$0	$3,200
JOE HULEY	SECRETARY	2.00	Director	$3,000	$0	$3,000
STEVEN BARKER	ASSISTANT CH	2.00	Director	$2,875	$0	$2,875
ROBIN HOFFKINS	PRESIDENT	2.00	Officer Director	$2,000	$0	$2,000
AUSTIN KOTTOOR	1ST LIEUTENA	2.00	Director	$1,835	$0	$1,835
ALYSON KAPLAN	2ND LIEUTENA	2.00	Director	$1,365	$0	$1,365
MARTY RICHARDON SR	DIRECTOR	1.00	Director	$1,030	$0	$1,030
TODD MURDOCH	VICE PRESIDE	2.00	Officer Director	$1,000	$0	$1,000
METE BAJRAKTARI	LIEUTENANT	2.00	Director	$150	$0	$150

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	No data	No data	No data	No data
2023	$725,400	$598,830	$4,821,576	$126,570
2022	$681,885	$568,946	$4,693,771	$112,939
2021	$674,091	$520,655	$4,612,454	$153,436
2020	$680,621	$432,839	$4,531,823	$247,782
2019	$690,185	$497,914	$4,466,772	$192,271
2018	$693,563	$538,022	$4,359,998	$155,541