COOPERSTOWN FIRE DEPT INC (EIN 161382890) - 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

1900

Legal Domicile

Principal Officer

ANTHONY FERRARA

Phone

6075472761

Tax Period

2024-01-01 to 2024-12-31

COOPERSTOWN FIRE DEPT INC, founded in 1900, is a micro nonprofit in the Public Safety sector that reported $99K in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $191K exceeded revenue, resulting in a 94% operating deficit.

Mission

TO PROVIDE FIRE PROTECTION, EMERGENCY MEDICAL, AND RESCUE SERVICES FOR THE VILLAGE OF COOPERSTOWN AND TO THE TERRITORIES THAT HAVE CONTRACTS FOR THESE SERVICES, ALONG WITH PROVIDING FIRE PREVENTION, FIRE INSPECTIONS, AND FIRE SAFETY EDUCATION SERVICES TO THE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $82,317

Program Service Revenue $0

Investment Income $7,964

Other Revenue $8,456

TOTAL REVENUE $98,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,000

Program Expenses $180,625

Other Expenses $191,231

TOTAL EXPENSES $191,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$98,737	$59,553	+0.7%
Expenses	$191,231	$37,466	+4.1%
Net Income	$-92,494	$22,087	-5.2%

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
ANTHONY FERRARA	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
FRANK KING	TREASURER	N/A	Officer Director	$0	$0	$0
MICHAEL MOLLOY	CHIEF	N/A	Director	$0	$0	$0
THOMAS REDDING	SECRETARY	N/A	Officer Director	$0	$0	$0
CHRIS SATRIANO	2ND ASST CHI	N/A	Director	$0	$0	$0
WILLIAM SMITH	FIRST ASST C	N/A	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	$98,737	$191,231	$365,716	$-92,494
2023	$59,553	$37,466	$452,982	$22,087
2022	$71,628	$23,027	$441,820	$48,601
2021	$73,461	$82,465	$703,930	$-9,004
2020	$104,582	$47,750	$711,610	$56,832

COOPERSTOWN FIRE DEPT INC