OLD BRIDGE FIRE COMPANY (EIN 221720553) - 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

1906

Legal Domicile

Phone

7322510400

Tax Period

2024-01-01 to 2024-12-31

OLD BRIDGE FIRE COMPANY, founded in 1906, is a small nonprofit that reported $425K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $410K left a modest 4% surplus.

Mission

VOLUNTEER FIRE COMPANY

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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 $410,708

Program Service Revenue $0

Investment Income $2,379

Other Revenue $12,038

TOTAL REVENUE $425,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,950

Fundraising Expenses $0

Program Expenses $302,568

Other Expenses $311,878

TOTAL EXPENSES $409,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$425,125	$370,918	+0.1%
Expenses	$409,828	$489,657	-0.2%
Net Income	$15,297	$-118,739	-1.1%

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

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

$28,550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK PREVETE	President	15.00	Officer	$8,942	$0	$8,942
LEONARD COSGROVE	Vice President	15.00	Officer	$8,231	$0	$8,231
BRIAN MCDONALD	Secretary	15.00	Officer	$7,620	$0	$7,620
IRA SCHLUSSELFELD	Treasurer	15.00	Officer	$3,757	$0	$3,757

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	$425,125	$409,828	$662,571	$15,297
2023	$370,918	$489,657	$646,343	$-118,739
2022	$366,658	$391,311	$767,498	$-24,653
2021	$375,263	$390,153	$794,087	$-14,890
2020	$332,225	$332,563	$812,754	$-338
2019	$329,606	$332,965	$814,716	$-3,359
2018	$326,897	$380,596	$820,078	$-53,699

OLD BRIDGE FIRE COMPANY