Chenango Bridge Fire Co Inc (EIN 161158863) - 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

1938

Legal Domicile

Principal Officer

Sharon Follett

Phone

6076485742

Tax Period

2024-01-01 to 2024-12-31

Chenango Bridge Fire Co Inc, founded in 1938, is a small nonprofit in the Public Safety sector that reported $416K in total revenue in fiscal year 2024. The organization ran a surplus of $94K, a strong 23% operating margin.

Mission

The organization's purpose is to acquire and own fire apparatus for use by its members to protect persons and property from injury, loss, and damage in the Town of Chenango, Broome County, 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 $382,647

Program Service Revenue $0

Investment Income $25,939

Other Revenue $6,980

TOTAL REVENUE $415,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $282,829

Other Expenses $321,576

TOTAL EXPENSES $321,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$415,566	$421,005	0.0%
Expenses	$321,576	$323,738	0.0%
Net Income	$93,990	$97,267	0.0%

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
Dave Hamlin	Board Member	1.00	Director	$0	$0	$0
Brian Thorick	Board Member	1.00	Director	$0	$0	$0
Steve Oberhaus	Board Member	1.00	Director	$0	$0	$0
Mike Norton	Board Member	1.00	Director	$0	$0	$0
Peter Schiraldi	Vice President	5.00	Officer	$0	$0	$0
Sharon Follett	Treasurer	5.00	Officer	$0	$0	$0
Kathleen Bernhardt	Secretary	5.00	Officer	$0	$0	$0
Brendon Lawrence	President	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	$415,566	$321,576	$1,442,437	$93,990
2023	$421,005	$323,738	$1,383,698	$97,267
2022	$342,874	$279,944	$1,320,477	$62,930
2021	$347,369	$295,833	$1,290,428	$51,536
2020	$339,744	$289,660	$1,270,646	$50,084
2019	$354,772	$278,481	$1,251,059	$76,291
2018	$315,467	$217,700	$1,205,158	$97,767

Chenango Bridge Fire Co Inc