Lake Huntington Fire Company Inc

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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

1937

Legal Domicile

Principal Officer

James R Farrell

Phone

8459328444

Tax Period

2024-01-01 to 2024-12-31

Lake Huntington Fire Company Inc, founded in 1937, is a micro nonprofit in the Public Safety sector that reported $89K in total revenue in fiscal year 2024. Net assets of $228K represent 31 months of operating reserves.

Mission

Protection of life and property by fire suppresion and emercengy response

Program Service Accomplishments

Program 1

Expenses: $88,746

Responded to all calls for emergency service in the Cochecton Fire Distirct and all calls for mutual aid to neighboring fire districts for 2023. Calls included structure fires, vehicle fires, brush fires, trees and electrical wires down, activated alarms, motor vehicle accidents, water rescues on the Delaware River and other emergency service calls, including assisting EMS. Maintained fire house, all fire apparatus and equipment used for fire suppression and emergency response. Trained members on all aspects of fire suppression and emergency response.

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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 $82,635

Program Service Revenue $0

Investment Income $3,289

Other Revenue $3,241

TOTAL REVENUE $89,165

Expense Breakdown

Grants Paid $1,750

Salaries & Benefits $0

Fundraising Expenses $598

Program Expenses $88,746

Other Expenses $87,816

TOTAL EXPENSES $90,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,165	$87,040	+0.0%
Expenses	$90,164	$85,909	+0.0%
Net Income	$-999	$1,131	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Snedeker	President	002.00	Officer Director	$0	$0	$0
Herbert Sawall	Vice-President	002.00	Officer Director	$0	$0	$0
Craig Fine	Secretary	002.00	Officer Director	$0	$0	$0
James R Farrell	Treasurer	002.00	Officer Director	$0	$0	$0
Edward Kraack	Director	002.00	Director	$0	$0	$0
Walter Keesler	Director	002.00	Director	$0	$0	$0
Joseph Costa	Director	002.00	Director	$0	$0	$0
Maureen Lowitz	Director	002.00	Director	$0	$0	$0
John Nober	Director	002.00	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
2025	No data	No data	No data	No data
2024	$89,165	$90,164	$608,680	$-999
2023	$87,040	$85,909	$632,597	$1,131