Fair Haven Volunteer 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

1924

Phone

3159475315

Tax Period

2024-04-01 to 2025-03-31

Fair Haven Volunteer Fire Dept Inc, founded in 1924, is a small nonprofit in the Public Safety sector that reported $184K in total revenue in fiscal year 2024. Expenses of $203K exceeded revenue, resulting in a 10% operating deficit.

Mission

The Fair Haven Fire Department's mission is to provide community fire protection.

Program Service Accomplishments

Program 1

Expenses: $185,322

The Fair Haven Fire Department provides fire protection and emergency services to the public in the village of Fair Haven and surrounding communities. In addition to fire protection, the department teaches fire safety and prevention to children and their families. The department also trains their own personnel with the latest technology.

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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 $28,340

Program Service Revenue $148,737

Investment Income $775

Other Revenue $5,917

TOTAL REVENUE $183,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $185,322

Other Expenses $202,635

TOTAL EXPENSES $202,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$183,769	$188,801	0.0%
Expenses	$202,635	$208,360	0.0%
Net Income	$-18,866	$-19,559	0.0%

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
Joe Furman	Trustee	10.00	Director	$0	$0	$0
David James	President	20.00	Officer Director	$0	$0	$0
Richard Bills	Treasurer	20.00	Officer Director	$0	$0	$0
Dave Mendenhall	Trustee	10.00	Director	$0	$0	$0
Cathy Byers	Secretary	10.00	Director	$0	$0	$0
Lacy Mendenhall	Trustee	10.00	Director	$0	$0	$0
Greg Webster	Board Member	10.00	Director	$0	$0	$0
Matt Decker	Vice President	10.00	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
2025	$183,769	$202,635	$494,439	$-18,866
2024	$188,801	$208,360	$464,850	$-19,559
2022	$148,928	$183,800	$506,668	$-34,872
2021	$157,555	$135,176	$548,540	$22,379
2020	$175,860	$156,240	$533,161	$19,620
2019	$176,867	$136,331	$520,541	$40,536