READINGTON 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

1986

Legal Domicile

Principal Officer

KEVIN BLOOM

Phone

9085344294

Tax Period

2024-01-01 to 2024-12-31

READINGTON VOLUNTEER FIRE COMPANY, founded in 1986, is a small nonprofit in the Public Safety sector that reported $179K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $201K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE FIRE FIGHTING AND RESCUE SERVICES FOR THE LOCAL COMMUNITY AND TO EDUCATE THE PUBLIC ON FIRE PREVENTION AND SAFETY.

Program Service Accomplishments

Program 1

Expenses: $201,332 Revenue: $179,046

FIRE FIGHTING, RESCUE, AND COMMUNITY EDUCATION

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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 $167,914

Program Service Revenue $0

Investment Income $11,132

Other Revenue $0

TOTAL REVENUE $179,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,332

Other Expenses $201,332

TOTAL EXPENSES $201,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,046	$198,377	-0.1%
Expenses	$201,332	$210,831	0.0%
Net Income	$-22,286	$-12,454	+0.8%

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
KEVIN BLOOM	PRESIDENT	10.00	Officer	$0	$0	$0
KATIE HANLEY	V-P	8.00	Officer	$0	$0	$0
MEL BEAMIS	TREASURER	8.00	Officer	$0	$0	$0
JOHN RATHBORNE	FINANCIAL SECRETARY	8.00	Officer	$0	$0	$0
JEFF DEWAR	SECRETARY	8.00	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	No data	No data	No data	No data
2024	$179,046	$201,332	$512,005	$-22,286
2023	$198,377	$210,831	$534,291	$-12,454
2022	$175,278	$144,862	$546,745	$30,416
2021	$191,841	$183,489	$516,329	$8,352