WEST ELMIRA VOLUNTEER FIRE DEPTINC

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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

1971

Legal Domicile

Principal Officer

RUSSELL ANDREWS

Phone

6077342204

Tax Period

2023-01-01 to 2023-12-31

WEST ELMIRA VOLUNTEER FIRE DEPTINC, founded in 1971, is a small nonprofit that reported $597K in total revenue in fiscal year 2023. Expenses of $577K left a modest 3% surplus.

Mission

TO PROVIDE COMBINATION VOLUNTEER AND PAID FIRE FIGHTING, EMS, EMERGENCY MANAGEMENT, ASSIST TOWN CODE ENFORCEMENT WITH BUILDING INSPECTIONS, CONDUCT FIRE INVESTIGATIONS TO DETERMINE THE CAUSE AND ORIGIN, TRAIN PERSONNEL, PROVIDE PUBLIC SAFETY EDUCATION, ANSWER MUTUAL AID CALLS AS AVAILABLE, MEMBERSHIP DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $506,978 Revenue: $584,740

MAINTAINED A STAFFED FIRE HOUSE FOR PROMPT RESPONSE OF EMERGENCY EQUIPMENT TO REPORTED EMERGENCIES AND THE MAINTENANCE OF THE FIRE STATION AND EQUIPMENT.

Program 2

Expenses: $9,486

PROVIDED SUPPLIES AND EQUIPMENT TO AT LEAST PARTIALLY RUN THE FIRE STATION (WHICH IS OWNED BY FIRE DISTRICT #1, TOWN OF ELMIRA) AND PROVIDED A GOOD ATMOSPHERE FOR VOLUNTEER AND PAID STAFF TO CONDUCT BUSINESS, ENCOURAGE PRESENCE FOR CALLS, FOR TEAM BUILDING AND MEMBERSHIP DEVELOPMENT (INCLUDING A JUNIOR FIREFIGHTER PROGRAM FOR A GOOD POOL OF FUTURE MEMBERS).

Program 3

Expenses: $3,049

PROVIDED PUBLIC EDUCATION AND CODE ENCORCEMENT / INVESTIGATION CONSULTATIONS. PROGRAMS INCLUDE STUDENT CLASSES FROM THE LOCAL SCHOOLS WHO VISIT THE FIRE STATION FOR INSTRUCTION ON SUCH ISSUES AS EXIT DRILLS IN THE HOME, STAYING LOW IN SMOKE, STOP-DROP & ROLL, NOT BEING AFRAID OF FIRE FIGHTERS IN THEIR GEAR, FIRE EXTINGUISHER USE, & OTHER SAFETY LESSONS. OTHER FIRE PREVENTION & SAFETY PROGRAMS FOR PUBLIC EDUCATION AND COORDINATION WITH OTHER AGENCIES ARE ALSO HELD PERIODICALLY. ALSO, THE FIRE DEPARTMENT WORKS CLOSELY WITH THE TOWN CODE ENFORCEMENT OFFICE ON INSPECTIONS AND DISASTER PREVENTION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,879

Program Service Revenue $576,573

Investment Income $365

Other Revenue $8,273

TOTAL REVENUE $597,090

Expense Breakdown

Grants Paid $2,400

Salaries & Benefits $482,236

Fundraising Expenses $5,744

Program Expenses $519,513

Other Expenses $92,334

TOTAL EXPENSES $576,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$597,090	$591,142	+0.0%
Expenses	$576,970	$528,672	+0.1%
Net Income	$20,120	$62,470	-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

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

$3,900

Total Directors

$7,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL ANDREWS	PRESIDENT	2.00	Officer Director	$0	$0	$0
SCOTT STEVENS	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES CAROZZA	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICIA CAROZZA	TREASURER (BEG 6/9/23)	2.00	Officer Director	$3,900	$0	$3,900
RONALD MCCONNELL	DIRECTOR	1.00	Director	$0	$0	$0
BOB BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER KING	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PIZZOROLO	FORMER TREASURER (END 6/8/23)	2.00	Director	$3,600	$0	$3,600

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	$597,090	$576,970	$253,002	$20,120
2022	$591,142	$528,672	$234,562	$62,470
2021	$546,600	$490,389	$176,686	$56,211
2020	$527,788	$481,955	$111,656	$45,833
2019	$424,780	$456,362	$61,717	$-31,582
2018	$416,812	$400,992	$89,595	$15,820
2017	$369,340	$414,970	$83,635	$-45,630