SWEENEY HOSE COMPANY #7 OF NORTH T… - Form 990 Financial Data

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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

1904

Legal Domicile

Principal Officer

PETER CHENIER JR

Phone

7166940777

Tax Period

2024-01-01 to 2024-12-31

SWEENEY HOSE COMPANY #7 OF NORTH TONAWANDA, founded in 1904, is a micro nonprofit that reported $83K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $110K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO ENHANCE THE FIRE PROTECTION AND PUBLIC SAFETY OF THE CITIZENS OF THE CITY NORTH TONAWANDA BY PROVIDING THE COMMUNITY WITH PERSONNEL AND/OR SERVICES AS OBLIGATED BY CURRENT OR EXISTING CONTRACTS. IN ADDITION, THE COMPANY WILL SERVE AS A RESOURCE TO THE COMMUNITY AS NEEDED IN THE EVENT OF A DISASTER OR COMMUNITY-WIDE EMERGENCY.

Program Service Accomplishments

Program 1

Expenses: $18,408 Revenue: $24,359

ASSIST THE CITY OF NORTH TONAWANDA IN FIGHTING CITYWIDE FIRES AND PROVIDE THE GENERAL PUBLIC RESOURCES AS DEEMED NECESSARY IN THE EVENT OF ANY CITYWIDE EMERGENCY OR DISASTER.

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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 $11,397

Program Service Revenue $24,359

Investment Income $13

Other Revenue $47,651

TOTAL REVENUE $83,420

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $0

Fundraising Expenses $4,500

Program Expenses $18,408

Other Expenses $108,078

TOTAL EXPENSES $109,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,420	$103,219	-0.2%
Expenses	$109,578	$87,505	+0.3%
Net Income	$-26,158	$15,714	-2.7%

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
KYLE REEVES	DIRECTOR	002.00	Director	$0	$0	$0
ADAM BERG	DIRECTOR	002.00	Director	$0	$0	$0
MARK MCCREADY	DIRECTOR	002.00	Director	$0	$0	$0
PETER CHENIER JR	PRESIDENT	004.00	Officer	$0	$0	$0
RICH REEVES	VICE PRESIDENT	004.00	Officer	$0	$0	$0
DAN SCHMIDT	SECRETARY	004.00	Officer	$0	$0	$0
PETER CHENIER SR	TREASURER	006.00	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	No data	No data	No data	No data
2024	$83,420	$109,578	$225,971	$-26,158
2023	$103,219	$87,505	$257,351	$15,714
2022	$95,426	$72,428	$246,778	$22,998
2021	$50,011	$52,158	$228,058	$-2,147
2020	$35,446	$71,934	$233,887	$-36,488
2019	$84,011	$93,444	$276,491	$-9,433
2018	$151,086	$121,082	$289,924	$30,004

SWEENEY HOSE COMPANY #7 OF NORTH TONAWANDA