MARTINSVILLE VOLUNTEER FIRE DEPT INC (EIN 222501784) - 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

1923

Legal Domicile

Principal Officer

Doug Wright

Phone

7324691955

Tax Period

2024-04-01 to 2025-03-31

MARTINSVILLE VOLUNTEER FIRE DEPT INC, founded in 1923, is a micro nonprofit in the Public Safety sector that reported $74K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $81K exceeded revenue, resulting in a 11% operating deficit.

Mission

Volunteer Firefighting. Station 43 for New Jersey, Somerset County, Bridgewater Township, Fire District #1

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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 $72,539

Program Service Revenue $0

Investment Income $753

Other Revenue $410

TOTAL REVENUE $73,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,147

Program Expenses $0

Other Expenses $76,340

TOTAL EXPENSES $81,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,702	$99,256	-0.3%
Expenses	$81,487	$121,926	-0.3%
Net Income	$-7,785	$-22,670	-0.7%

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
Jim Hope	President	5	Officer	$0	$0	$0
Albert Santelli	Vice President	5	Officer	$0	$0	$0
Peter Mone	Secretary	5	Officer	$0	$0	$0
Michael Pinchiaroli	Asst. Secretary	5	Officer	$0	$0	$0
Doug Wright	Treasurer	5	Officer	$0	$0	$0
Anthony Wagar	Asst. Treasurer	5	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
2025	$73,702	$81,487	$3,978,600	$-7,785
2024	$99,256	$121,926	$3,996,035	$-22,670
2023	$90,367	$64,417	$4,005,633	$25,950
2022	$106,892	$72,515	$3,987,623	$34,377
2021	$90,473	$26,246	$3,943,188	$64,227

MARTINSVILLE VOLUNTEER FIRE DEPT INC