VARNA VOLUNTEER FIRE COMPANY (EIN 161386750) - 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

1954

Legal Domicile

Principal Officer

MASON JAGER

Phone

6072732407

Tax Period

2024-01-01 to 2024-12-31

VARNA VOLUNTEER FIRE COMPANY, founded in 1954, is a small nonprofit in the Public Safety sector that reported $652K in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $345K, a strong 53% operating margin.

Mission

TO PROVIDE FIRE, RESCUE, MEDICAL AND MISC. HELP BY THE VARNA, NY AND SURROUNDING COMMUNITIES

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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 $445,570

Program Service Revenue $173,400

Investment Income $32,683

Other Revenue $0

TOTAL REVENUE $651,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $306,701

TOTAL EXPENSES $306,701

Year-over-Year Comparison

	2024	2023	Change
Revenue	$651,653	$367,122	+0.8%
Expenses	$306,701	$283,366	+0.1%
Net Income	$344,952	$83,756	+3.1%

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
JESSE KAPSTAD	CHAIR	2.00	Director	$0	$0	$0
FRANK MOYER	FIRE POLICE CAPTAIN ANDBOARD MEMBER	4.00	Officer Director	$0	$0	$0
MIA CLARK	ASSISTANT FIRE CHIEF	2.00	Officer	$0	$0	$0
MASON JAGER	CHIEF	8.00	Officer	$0	$0	$0
ERIK KIRAKOSYAN	ASSISTANT EMS CHIEF	2.00	Officer	$0	$0	$0
NIKOLA DANEV	DEPUTY CHIEF	8.00	Officer	$0	$0	$0
JESSE KAPSTAD	1ST FIRE CAPTAIN	2.00	Officer	$0	$0	$0
SAHIB KAILA	2ND FIRE CAPTAIN	2.00	Officer	$0	$0	$0
ARIANNA JOSUE	3RD FIRE CAPTAIN	2.00	Officer	$0	$0	$0
CHARLOTTE BOOK	EMS CAPTAIN	2.00	Officer	$0	$0	$0
ANSON CHEN	VICE CHAIR	2.00	Officer	$0	$0	$0
CAROLYN LANGER	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH MCMORROW	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIA BAUMGARTEN	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE TCHEREVATENKO	BOARD MEMBER	2.00	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
2024	$651,653	$306,701	$2,698,592	$344,952
2023	$367,122	$283,366	$2,485,356	$83,756
2022	$367,467	$257,477	$2,448,184	$109,990
2021	$315,568	$153,116	$2,481,826	$162,452
2020	$293,001	$196,922	$2,215,843	$96,079
2019	$283,432	$136,203	$2,136,481	$147,229
2018	$274,858	$139,784	$2,007,487	$135,074

VARNA VOLUNTEER FIRE COMPANY