THE VERDOY VOLUNTEER FIRE ASSOCIATION INCORPORATED

EIN: 141666301 501(c)(3) Public Safety

LATHAM, NY

Total Revenue
$237,847
Total Expenses
$276,921
Total Assets
$888,076
Net Assets
$888,076
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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
1945
Legal Domicile
NY
Phone
5187857291
Tax Period
2023-01-01 to 2023-12-31

THE VERDOY VOLUNTEER FIRE ASSOCIATION INCORPORATED, founded in 1945, is a small nonprofit in the Public Safety sector that reported $238K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $277K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE VERDOY VOLUNTEER FIRE ASSOCIATION, INC. (THE "ASSOCIATION") IS ORGANIZED EXCLUSIVELY FOR RESCUE, CHARITABLE AND REDUCATIONAL PURPOSES; THE ASSOCIATION PROVIDES THE PERSONNEL NEEDED TO STAFF THE APPARATUS OF THE LOCAL VOLUNTEER FIRE DISTRICT FOR PUROSE OF PREVENTING AND EXTINGUISHING FIRES, PROFTECTING LIFE AND OPERTY FROM THE HAZARDS OF FIRE AND TO SERVE THE PUBLIC IN ANY EMERGENCY OR PERIL, WHENEVER AND WHEREVER LEGAL AND PROPER. THE ASSOCIATION ALSO PROMOTES AND MAINTAINS THE INTEREST OF THE VOLUNTEER MEMBERSHIP AND CONDUCTED CHARITABLE AND EDUCATIONAL ACTIVITES IN THE BETTERMENT OF THE LOCAL COMMUNITY.

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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 $33,103
Program Service Revenue $0
Investment Income $22,148
Other Revenue $182,596
TOTAL REVENUE $237,847

Expense Breakdown

Grants Paid $0
Salaries & Benefits $156,025
Fundraising Expenses $0
Program Expenses $272,696
Other Expenses $120,896
TOTAL EXPENSES $276,921

Year-over-Year Comparison

2023 2022 Change
Revenue $237,847 $267,087 -0.1%
Expenses $276,921 $277,561 0.0%
Net Income $-39,074 $-10,474 +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

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Governance

Voting Members
8
Independent Members
8
Employees
8
Volunteers
40

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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID LEONARDO President 3.00
Officer Director
$0 $0 $0
TOM JASIEWICZ Vice President 3.00
Officer Director
$0 $0 $0
CHRISTINA MESERVEY Secretary 3.00
Officer Director
$0 $0 $0
ELLIOT FRIEDMAN Treasurer 3.00
Officer Director
$0 $0 $0
PETE HUBA SGT AT ARMS 3.00
Officer Director
$0 $0 $0
ROCKY STEWART Director 3.00
Director
$0 $0 $0
KEVIN ROSE Director 3.00
Director
$0 $0 $0
BILL NEIGER Director 3.00
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
2024 No data No data No data No data
2023 $237,847 $276,921 $888,076 $-39,074
2022 $267,087 $277,561 $865,507 $-10,474
2021 $236,974 $234,294 $1,058,655 $2,680
2020 $238,520 $226,043 $954,808 $12,477
2019 $247,557 $283,599 $846,785 $-36,042
2018 $219,166 $229,842 $782,775 $-10,676
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