Somers Volunteer Fire Departmen Inc (EIN 136123388) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Tax Period

2024-05-01 to 2025-04-30

Somers Volunteer Fire Departmen Inc is a 501(c)(3) with EIN 136123388, based in Somers, NY. Founded in 1937, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $83,762 in total revenue and $104,586 in total expenses, with net assets of $2,222,601.

Mission

Volunteer Fire DepartmentCommunity Education and Protection

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $62,596

Program Service Revenue $0

Investment Income $42,933

Other Revenue $-21,767

TOTAL REVENUE $83,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,000

Fundraising Expenses $0

Program Expenses $84,438

Other Expenses $102,586

TOTAL EXPENSES $104,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,762	$79,825	+0.0%
Expenses	$104,586	$80,501	+0.3%
Net Income	$-20,824	$-676	+29.8%

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

$2,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nancy Dugan	President	10.00	Officer	$1,000	$0	$1,000
Robert Russell	Secretary	10.00	Officer	$1,000	$0	$1,000
Michael Coughlin	Director-Chair	10.00	Director	$0	$0	$0
Michael Vigiotti	Director	10.00	Director	$0	$0	$0
Victor Bingi	Director	0.00	Director	$0	$0	$0
Steve Sterman	Director	10.00	Director	$0	$0	$0
Robert Weinstein	-Comptroller	10.00	Officer	$0	$0	$0
Robert Dugan	Vice President	10.00	Officer	$0	$0	$0
Rita Boniello	Treasurer	10.00	Officer	$0	$0	$0
Michael Walsh	Sergeant at Arms	10.00	Officer	$0	$0	$0
Jeffery Hopper	Director	10.00		$0	$0	$0
Seymour Weinstein	Treasurer-Comptroller	10.00		$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	$83,762	$104,586	$2,222,601	$-20,824
2024	$79,825	$80,501	$2,243,425	$-676
2023	$89,424	$110,452	$2,245,868	$-21,028
2022	$404,248	$68,621	$2,266,896	$335,627
2021	$107,479	$71,925	$1,874,515	$35,554
2020	$111,869	$97,144	$1,438,585	$14,725
2019	$90,666	$86,690	$1,451,162	$3,976
2018	$88,781	$62,024	$1,369,010	$26,757

Somers Volunteer Fire Departmen Inc