THE EDGARTOWN FIREMEN'S ASSOCIATIONINC (EIN 222882548) - 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

2008

Legal Domicile

Principal Officer

SAM KOOHY

Phone

5086275167

Tax Period

2024-01-01 to 2024-12-31

THE EDGARTOWN FIREMEN'S ASSOCIATIONINC, founded in 2008, is a small nonprofit in the Public Safety sector that reported $136K in total revenue in fiscal year 2024. Expenses of $392K exceeded revenue, resulting in a 188% operating deficit.

Mission

The Edgartown Firemens Association was established in 1952. It consists of the men and women of the Edgartown Fire Department; active and retired firefighters, EMTs, and honorary members. The association was established to support these volunteers in their endeavors and to support the local people of Edgartown.

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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 $136,124

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $136,124

Expense Breakdown

Grants Paid $285,521

Salaries & Benefits $0

Fundraising Expenses $16,945

Program Expenses $363,492

Other Expenses $106,886

TOTAL EXPENSES $392,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,124	$140,129	0.0%
Expenses	$392,407	$105,899	+2.7%
Net Income	$-256,283	$34,230	-8.5%

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
Trevor Scanlon	President	20.00	Director	$0	$0	$0
Joan Shemit	Vice President	10.00	Director	$0	$0	$0
Sam Koohy	Treasurer	5.00	Director	$0	$0	$0
Josh Baker	Secretary	5.00	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	$136,124	$392,407	$255,393	$-256,283
2023	$140,129	$105,899	$511,676	$34,230
2022	$135,844	$106,659	No data	$29,185
2021	$319,803	$42,247	$448,260	$277,556

THE EDGARTOWN FIREMEN'S ASSOCIATIONINC