CHATHAM FIRE DEPARTMENT ASSOCIATION INC (EIN 222276085) - 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

1997

Legal Domicile

Principal Officer

DAVID ALLAN

Phone

9736359090

Tax Period

2023-01-01 to 2023-12-31

CHATHAM FIRE DEPARTMENT ASSOCIATION INC, founded in 1997, is a small nonprofit that reported $103K in total revenue in fiscal year 2023. Revenue surged 459% from the prior year, signaling strong growth momentum. Expenses of $188K exceeded revenue, resulting in a 83% operating deficit.

Mission

TO PROVIDE EMERGENCY ASSISTANCE TO THOSE IN NEED, PRIMARILY TO RESIDENTS OF THE BOROUGH OF CHATHAM AND NEARBY 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 (2023)

Revenue Breakdown

Contributions & Grants $10,486

Program Service Revenue $10,731

Investment Income $81,525

Other Revenue $0

TOTAL REVENUE $102,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $47,647

Program Expenses $123,947

Other Expenses $181,155

TOTAL EXPENSES $188,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,742	$18,374	+4.6%
Expenses	$188,047	$72,584	+1.6%
Net Income	$-85,305	$-54,210	+0.6%

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
DAVID ALLAN	PRESIDENT	N/A	Officer	$0	$0	$0
DANIEL F CASEY III	SECRETARY	N/A	Officer	$0	$0	$0
PHILIP SALINARDI	TREASURER	N/A	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
2024	No data	No data	No data	No data
2023	$102,742	$188,047	$394,526	$-85,305
2022	$18,374	$72,584	$479,831	$-54,210
2021	$40,963	$22,394	$568,645	$18,569
2020	$19,949	$32,941	$391,813	$-12,992
2019	$89,576	$63,429	$404,805	$26,147
2018	$109,886	$190,518	$378,658	$-80,632

CHATHAM FIRE DEPARTMENT ASSOCIATION INC