LAFAYETTE FIRE DEPT 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

1945

Legal Domicile

Principal Officer

Jay Erickson

Phone

3156773400

Tax Period

2024-03-01 to 2025-02-28

LAFAYETTE FIRE DEPT INC, founded in 1945, is a small nonprofit that reported $428K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Net assets of $1.9M represent 54 months of operating reserves.

Mission

Provide fire protection, recue operations and ambulance services for the Town of LaFayette, NY, approximately 5000 citizens.

Program Service Accomplishments

Program 1

Expenses: $408,011 Revenue: $428,058

Provided fire protection and rescue operations services for the Town of LaFayette, NY, approximately 5000 citizens.

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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 $0

Program Service Revenue $349,051

Investment Income $6,306

Other Revenue $72,701

TOTAL REVENUE $428,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $86

Program Expenses $408,011

Other Expenses $464,184

TOTAL EXPENSES $464,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$428,058	$496,485	-0.1%
Expenses	$464,184	$398,568	+0.2%
Net Income	$-36,126	$97,917	-1.4%

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

N/A

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
Ariel Hoxie	Board Member	1.00	Director	$0	$0	$0
Sue Bush	Board Member	1.00	Director	$0	$0	$0
Josh Cuff	Board Member	0.00	Director	$0	$0	$0
Debra Harper	GF Treasurer	5.00	Officer	$0	$0	$0
Merikay Harper	Secretary	5.00	Officer	$0	$0	$0
Sharon Cleaver	SF Treasurer	5.00	Officer	$0	$0	$0
Jay Erickson	Board President	5.00	Officer	$0	$0	$0
Scott Gates	Vice Pres	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
2025	$428,058	$464,184	$2,600,783	$-36,126
2024	$496,485	$398,568	$2,259,602	$97,917
2023	$374,374	$364,759	$2,197,396	$9,615
2022	$423,503	$288,608	$1,863,432	$134,895
2021	$306,915	$240,742	$1,714,638	$66,173
2020	$326,289	$250,825	$1,661,844	$75,464
2019	$300,926	$245,672	$1,571,712	$55,254