MILAN VOLUNTEER FIRE DEPARTMENT INC (EIN 141587103) - 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

1947

Legal Domicile

Principal Officer

BLAINE MINEAULT

Phone

8457589911

Tax Period

2024-04-01 to 2025-03-31

MILAN VOLUNTEER FIRE DEPARTMENT INC, founded in 1947, is a small nonprofit in the Public Safety sector that reported $709K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $283K, a strong 40% operating margin.

Mission

FIRE PROTECTION AND AMBULANCE SERVICES FOR THE TOWN OF MILAN, NY AND PORTIONS OF THE TOWNS OF GALLATIN, NY AND CLERMONT, NY.

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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 $44,196

Program Service Revenue $565,927

Investment Income $74,523

Other Revenue $24,456

TOTAL REVENUE $709,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $417,867

Other Expenses $426,442

TOTAL EXPENSES $426,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$709,102	$651,206	+0.1%
Expenses	$426,442	$481,340	-0.1%
Net Income	$282,660	$169,866	+0.7%

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
RODNEY BATHRICK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GOMM	DIRECTOR CHAIR	1.00	Officer Director	$0	$0	$0
S LAURENCE BRODY	DIRECTOR	2.00	Officer Director	$0	$0	$0
BLAINE MINEAULT	DIRECTOR/CORPORATE SECRETARY	1.00	Director	$0	$0	$0
JACK TEGTMEIER	DIRECTOR	1.00	Director	$0	$0	$0
FRANCIS CHRISTENSEN	PRESIDENT	1.00	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	$709,102	$426,442	$3,764,890	$282,660
2024	$651,206	$481,340	$3,525,551	$169,866
2023	$422,908	$436,571	$3,421,680	$-13,663
2022	$460,608	$404,876	$2,935,875	$55,732
2021	$489,686	$359,375	$2,880,697	$130,311
2020	$470,466	$392,113	$2,806,661	$78,353
2019	$592,755	$365,430	$2,748,481	$227,325

MILAN VOLUNTEER FIRE DEPARTMENT INC