NOTTINGHAM VOLUNTEER FIRE COMPANY

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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

1925

Legal Domicile

Principal Officer

JERED HAFITZ

Phone

6098909834

Tax Period

2023-01-01 to 2023-12-31

NOTTINGHAM VOLUNTEER FIRE COMPANY, founded in 1925, is a micro nonprofit that reported $305K in total revenue in fiscal year 2023.

Mission

THE NOTTINGHAM VOLUNTEER FIRE COMPANY, (THE "FIRE COMPANY"), PROVIDES A VOLUNTEER WORKFORCE TO FACILITATE THE HAMILTON TOWNSHIP FIRE DISTRICT #7 IN SAVING LIVES AND PROPERTY OF THE COMMUNITY FROM FIRE AND OTHER EMERGENCIES.

Program Service Accomplishments

Program 1

Expenses: $11,495 Revenue: $114

THE FIRE COMPANY PROVIDES FIRE PROTECTION AND RENTAL OF BALLROOM FOR COMMUNITY EVENTS. IN AUGUST 2023, THE FIRE COMPANY SOLD ITS BUILDING (THE FIRE HOUSE AND BALLROOM) TO THE TOWNSHIP OF HAMILTON. AS A RESULT, THE FIRE COMPANY NO LONGER PARTICIPATED IN THE RENTAL OF THE BALLROOM. THE FIRE COMPANY CONTINUES TO PROVIDE A VOLUNTEER WORKFORCE TO FACILITATE THE HAMILTON TOWNSHIP FIRE DISTRICT #7 IN SAVING LIVES AND PROPERTY OF THE COMMUNITY FROM FIRE AND OTHER EMERGENCIES. IT PROMOTES FIRE PREVENTION AND PUBLIC AWARENESS.

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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 $2,980

Program Service Revenue $0

Investment Income $-303,369

Other Revenue $-4,609

TOTAL REVENUE $-304,998

Expense Breakdown

Grants Paid $1,983

Salaries & Benefits $0

Fundraising Expenses $994

Program Expenses $11,495

Other Expenses $9,439

TOTAL EXPENSES $12,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-304,998	$-7,079	+42.1%
Expenses	$12,489	$6,817	+0.8%
Net Income	$-317,487	$-13,896	+21.8%

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
JERED HAFIZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEITH HALL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD VAUGHN	TREASURER	5.00	Officer Director	$0	$0	$0
ROBERT CLOUGHER	SECRETARY	1.00	Officer Director	$0	$0	$0
RONALD TOWNE	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
JOHN RETALIS	TRUSTEE	1.00	Director	$0	$0	$0
CLARK SABO	TRUSTEE	1.00	Director	$0	$0	$0
MARK SHIRLING	TRUSTEE	1.00	Director	$0	$0	$0
FRANK CASOLE	TRUSTEE	1.00	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
2023	$-304,998	$12,489	$483,390	$-317,487
2022	$-7,079	$6,817	$879,580	$-13,896
2021	$-29,019	$20,302	$925,286	$-49,321
2020	$159,274	$176,273	$969,376	$-16,999
2019	$121,159	$155,751	$1,015,852	$-34,592
2018	$117,874	$160,711	$1,064,292	$-42,837