RIVER VALE VOLUNTEER FIRE DEPT ASSOC INC (EIN 222493887) - 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

1959

Legal Domicile

Principal Officer

STEPHEN VELTHAUS

Phone

2016660861

Tax Period

2024-01-01 to 2024-12-31

RIVER VALE VOLUNTEER FIRE DEPT ASSOC INC, founded in 1959, is a micro nonprofit in the Public Safety sector that reported $89K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

SUPPORT LOCAL TOWN ACTIVITIES

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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 $87,138

Program Service Revenue $0

Investment Income $2,350

Other Revenue $0

TOTAL REVENUE $89,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,400

Fundraising Expenses $40,200

Program Expenses $34,015

Other Expenses $84,767

TOTAL EXPENSES $89,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,488	$97,395	-0.1%
Expenses	$89,167	$110,119	-0.2%
Net Income	$321	$-12,724	-1.0%

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

$4,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAO ALVES	PRESIDENT	5.00	Officer	$0	$0	$0
STEVE VELTHAUS	TREASURER	5.00	Officer	$4,400	$0	$4,400
THOMAS SHINE JR	VICE-PRESIDENT	5.00	Officer	$0	$0	$0
ADAM O'BRIEN	SECRETARY	5.00	Officer	$0	$0	$0
PETER WAYNE	TRUSTEE	2.00	Director	$0	$0	$0
GREG GOODELL SR	TRUSTEE	2.00	Director	$0	$0	$0
JOHN WHALEN	TRUSTEE CHAIRMAN	2.00	Director	$0	$0	$0
JAMES HANNA	TRUSTEE	2.00	Director	$0	$0	$0
MIKE CENTINARO	TRUSTEE	2.00	Director	$0	$0	$0
GEORGE BILL PHILLIPS	TRUSTEE	2.00	Director	$0	$0	$0
TIM VANSADERS	TRUSTEE	2.00	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
2024	$89,488	$89,167	$92,626	$321
2023	$97,395	$110,119	$91,053	$-12,724
2022	$41,334	$67,115	$103,813	$-25,781
2020	$42,174	$25,512	$124,652	$16,662
2019	$53,976	$44,782	$108,009	$9,194
2018	$52,038	$50,316	$98,876	$1,722

RIVER VALE VOLUNTEER FIRE DEPT ASSOC INC