Somerdale Fire Department (EIN 223589768) - 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

1998

Legal Domicile

Phone

8566271432

Tax Period

2024-01-01 to 2024-12-31

Somerdale Fire Department, founded in 1998, is a micro nonprofit in the Public Safety sector that reported $52K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $75K exceeded revenue, resulting in a 44% operating deficit.

Mission

PROVIDE FIREFIGHTING SERVICE, FIRE TRAINING, AND FIRE INSPECTIONS TO THE COMMUNITY.

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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 $50,444

Program Service Revenue $0

Investment Income $691

Other Revenue $1,091

TOTAL REVENUE $52,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,239

Other Expenses $75,242

TOTAL EXPENSES $75,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,226	$63,593	-0.2%
Expenses	$75,242	$64,646	+0.2%
Net Income	$-23,016	$-1,053	+20.9%

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
STEVE PEREZ	PRESIDENT	20.00	Officer	$0	$0	$0
KATHY O'LEARY	V.P.	20.00	Officer	$0	$0	$0
JIM ABBOTT	FINANCIAL SECR.	20.00	Officer	$0	$0	$0
JIM MOHAN	Secretary	20.00	Officer	$0	$0	$0
JIM DANIELS	TREASURER	20.00	Officer	$0	$0	$0
FRANK RIZZO	TRUSTEE	10.00	Director	$0	$0	$0
CHRIS JULIANO	TRUSTEE	10.00	Director	$0	$0	$0
JOHN O'LEARY	TRUSTEE	10.00	Director	$0	$0	$0
MIKE VOLL	TRUSTEE	10.00	Director	$0	$0	$0
DAVE COSTELLO	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	$52,226	$75,242	$344,776	$-23,016
2023	$63,593	$64,646	$375,610	$-1,053
2022	$56,951	$55,303	$384,166	$1,648
2021	$66,950	$65,246	$389,706	$1,704
2020	$49,526	$42,963	$251,445	$6,563
2019	$63,628	$63,982	$259,656	$-354
2018	$59,105	$48,702	$274,091	$10,403

Somerdale Fire Department