SOMERS POINT VOLUNTEER FIRE COMPANY #2 (EIN 223098759) - 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

1949

Legal Domicile

Principal Officer

KIM FEINSTEIN

Phone

6097036610

Tax Period

2024-01-01 to 2024-12-31

SOMERS POINT VOLUNTEER FIRE COMPANY #2, founded in 1949, is a small nonprofit in the Public Safety sector that reported $119K in total revenue in fiscal year 2024. Expenses of $160K exceeded revenue, resulting in a 34% operating deficit.

Mission

VOLUNTEER FIRE COMPANY

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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 $71,047

Program Service Revenue $0

Investment Income $549

Other Revenue $47,732

TOTAL REVENUE $119,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,171

Other Expenses $160,439

TOTAL EXPENSES $160,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$119,328	$111,159	+0.1%
Expenses	$160,439	$118,283	+0.4%
Net Income	$-41,111	$-7,124	+4.8%

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

N/A

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
HEATHER COLOA	PRESIDENT	010.00	Officer	$0	$0	$0
CHRISTOPHER D HUTTON	VP	005.00	Officer	$0	$0	$0
GAN C NUTILE	SECRETARY	010.00	Officer	$0	$0	$0
KIM FEINSTEIN	TREASURER	015.00	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
2024	$119,328	$160,439	$90,632	$-41,111
2023	$111,159	$118,283	$148,858	$-7,124
2022	$102,144	$93,503	$134,074	$8,641
2021	$77,211	$54,950	$125,433	$22,261
2020	$90,256	$87,061	$142,254	$3,195
2019	$134,708	$96,462	$155,751	$38,246
2018	$104,262	$106,222	$121,028	$-1,960

SOMERS POINT VOLUNTEER FIRE COMPANY #2