BELFORD ENGINE COMPANY #1 (EIN 222960779) - 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

1916

Legal Domicile

Principal Officer

GLENN MISSON

Phone

7327878561

Tax Period

2024-01-01 to 2024-12-31

BELFORD ENGINE COMPANY #1, founded in 1916, is a small nonprofit in the Public Safety sector that reported $105K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Net assets of $1.0M represent 117 months of operating reserves.

Mission

Belford Engine Company #1 was organized and Incorporated for the purpose of protecting life and property from fire in the Belford section of Middletown and its

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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 $33,425

Program Service Revenue $0

Investment Income $4,990

Other Revenue $66,544

TOTAL REVENUE $104,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $113,838

Other Expenses $113,734

TOTAL EXPENSES $113,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$104,959	$146,015	-0.3%
Expenses	$113,838	$137,663	-0.2%
Net Income	$-8,879	$8,352	-2.1%

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
JONATHAN HELWIG	PRESIDENT	10.00	Officer	$0	$0	$0
MICHAEL CHENOWETH	V PRESIDENT	10.00	Officer	$0	$0	$0
SCOTT MISSON	RECORD SECRETARY	10.00	Officer	$0	$0	$0
MICHAEL MUMM	FINL SECRETARY	10.00	Officer	$0	$0	$0
GLENN MISSON	TREASURER	10.00	Officer	$0	$0	$0
DAVID CHENOWETH	TRUSTEE	10.00	Director	$0	$0	$0
JAMES NACLERIO	TRUSTEE	10.00	Director	$0	$0	$0
RON BURKHARDT	TRUSTEE	10.00	Director	$0	$0	$0
N/A	TRUSTEE	10.00	Director	$0	$0	$0
WILLIAM HUMMER	TRUSTEE	10.00	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	$104,959	$113,838	$1,026,899	$-8,879
2023	$146,015	$137,663	$1,035,778	$8,352
2022	$124,730	$117,092	$1,027,426	$7,638
2021	$124,756	$78,292	$1,019,788	$46,464
2020	$98,591	$61,665	$971,389	$36,926
2019	$129,922	$73,912	$934,463	$56,010
2018	$95,876	$62,189	$878,453	$33,687

BELFORD ENGINE COMPANY #1