ABSECON CITY FIRE COMPANY (EIN 223688139) - 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

1917

Legal Domicile

Principal Officer

RICH HUDSON

Phone

6096415114

Tax Period

2023-01-01 to 2023-12-31

ABSECON CITY FIRE COMPANY, founded in 1917, is a micro nonprofit that reported $53K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18K, a strong 33% operating margin.

Mission

TO RAISE MONEY TO SUPPORT THE FIRE DEPARTMENT FOR THE SAFETY AND WELFARE OF THE LOCAL 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 (2023)

Revenue Breakdown

Contributions & Grants $53,300

Program Service Revenue $0

Investment Income $21

Other Revenue $0

TOTAL REVENUE $53,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $12,769

Other Expenses $35,699

TOTAL EXPENSES $35,699

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,321	$37,756	+0.4%
Expenses	$35,699	$61,062	-0.4%
Net Income	$17,622	$-23,306	-1.8%

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

N/A

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
RICH HUDSON	PRESIDENT	003.00	Officer	$0	$0	$0
JEFF ROSWELL	VICE-PRESIDENT	003.00	Officer	$0	$0	$0
THOM HURDEN	SECRETARY	003.00	Officer	$0	$0	$0
JIM SCHOENSTEIN	TREASURER	003.00	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	No data	No data	No data	No data
2023	$53,321	$35,699	$89,079	$17,622
2022	$37,756	$61,062	$71,457	$-23,306
2022	$37,756	$61,062	$71,457	$-23,306
2021	$62,610	$85,290	$94,762	$-22,680
2020	$44,382	$43,895	$117,441	$487
2019	$51,004	$73,559	$116,954	$-22,555
2018	$51,683	$54,995	$139,509	$-3,312

ABSECON CITY FIRE COMPANY