MALTA RIDGE VOLUNTEER FIRE COMPANY INC

EIN: 141658870 501(c)(3) Public Safety

BALLSTON SPA, NY

Total Revenue
$1,084,512
Total Expenses
$1,002,647
Total Assets
$3,004,145
Net Assets
$3,004,145
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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
1948
Legal Domicile
NY
Principal Officer
GREG STACK
Phone
5185846155
Tax Period
2023-01-01 to 2023-12-31

MALTA RIDGE VOLUNTEER FIRE COMPANY INC, founded in 1948, is a community nonprofit in the Public Safety sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.0M left a modest 8% surplus.

Mission

MALTA RIDGE VOLUNTEER FIRE COMPANY, PROVIDES FIRE PROTECTION SERVICES AT NO CHARGE TO LOCAL RESIDENTS AND ALSO PARTICIPATES IN MUTUAL AID CALLS WHEN REQUESTED.

Program Service Accomplishments

Program 1
Expenses: $922,582 Revenue: $1,007,998

MALTA RIDGE VOLUNTEER FIRE COMPANY, PROVIDES FIRE PROTECTION SERVICES AT NO CHARGE TO LOCAL RESIDENTS AND ALSO PARTICIPATES IN MUTUAL AID CALLS WHEN REQUESTED. THE FIRE COMPANY ALSO UNDERTAKES A FIRE...

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MALTA RIDGE VOLUNTEER FIRE COMPANY, PROVIDES FIRE PROTECTION SERVICES AT NO CHARGE TO LOCAL RESIDENTS AND ALSO PARTICIPATES IN MUTUAL AID CALLS WHEN REQUESTED. THE FIRE COMPANY ALSO UNDERTAKES A FIRE PREVENTION PROGRAM FOR LOCAL RESIDENTS. THE FIRE COMPANY ANSWERS APPROXIMATELY 600 FIRE CALLS EACH YEAR.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $64,201
Program Service Revenue $1,007,998
Investment Income $12,313
Other Revenue $0
TOTAL REVENUE $1,084,512

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,116
Fundraising Expenses $0
Program Expenses $922,582
Other Expenses $940,531
TOTAL EXPENSES $1,002,647

Year-over-Year Comparison

2023 2022 Change
Revenue $1,084,512 $1,019,817 +0.1%
Expenses $1,002,647 $1,039,968 0.0%
Net Income $81,865 $-20,151 -5.1%
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

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Governance

Voting Members
45
Independent Members
45
Employees
1
Volunteers
45

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
9
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD JENNINGS PRESIDENT 5.00
Officer Director
$0 $0 $0
ARTHUR LYONS VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
GREGORY STACK TREASURER 5.00
Officer Director
$0 $0 $0
PETER SHAW CHIEF 10.00
Officer
$0 $0 $0
MICHAEL MINERVINI 1ST ASSISTANT CHIEF 10.00
Officer
$0 $0 $0
WAYNE VANVALKENBURGH JR 2ND ASSISTANT CHIEF 10.00
Officer
$0 $0 $0
DOMINICK REFINO SR SGT AT ARMS 5.00
Officer
$0 $0 $0
WAYNE VANVALKENBURGH III RECORDING SECRETARY 5.00
Officer
$0 $0 $0
JEFFREY STACK FINANCIAL SECRETARY 5.00
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
2024 No data No data No data No data
2023 $1,084,512 $1,002,647 $3,004,145 $81,865
2022 $1,019,817 $1,039,968 $2,922,280 $-20,151
2021 $1,061,722 $934,271 $3,392,431 $127,451
2020 $1,011,944 $876,517 $3,464,980 $135,427
2019 $1,011,256 $1,060,288 $3,529,553 $-49,032
2018 $963,675 $968,359 $2,973,487 $-4,684
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