TOWN OF BINGHAMTON VOLUNTEER F COMPANY INC (EIN 161597340) - 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

Principal Officer

RACHEL MASTIN

Tax Period

2023-01-01 to 2023-12-31

TOWN OF BINGHAMTON VOLUNTEER F COMPANY INC is a small nonprofit in the Public Safety sector that reported $351K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

PROTECTION OF LIFE AND PROPERTY FROM FIRE AND OTHER EMERGENCIES AND THE PROMOTION OF SOCIAL COMMUNICATIONS AMONG ITS MEMBERS.

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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 $63,414

Program Service Revenue $244,582

Investment Income $30,068

Other Revenue $13,146

TOTAL REVENUE $351,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $343,930

Other Expenses $322,863

TOTAL EXPENSES $343,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,210	$294,127	+0.2%
Expenses	$343,930	$305,599	+0.1%
Net Income	$7,280	$-11,472	-1.6%

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
KEVIN OLDS	PRESIDENT	8	Officer Director	$0	$0	$0
IRV SODEN	VICE PRESIDENT	8	Officer Director	$0	$0	$0
KELLY EMMONS	SECRETARY	3	Officer Director	$0	$0	$0
RACHEL MASTIN	TREASURER	8	Officer 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	No data	No data	No data	No data
2023	$351,210	$343,930	$1,077,980	$7,280
2022	$294,127	$305,599	$1,153,317	$-11,472
2021	$482,087	$423,805	$836,599	$58,282
2020	$259,341	$256,638	$814,814	$2,703
2019	$247,185	$261,415	$821,202	$-14,230
2018	$236,313	$262,465	$991,034	$-26,152

TOWN OF BINGHAMTON VOLUNTEER F COMPANY INC