MUTUAL BENEFIT ASSOCIATION OF THE … - Form 990 Financial Data

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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

1940

Legal Domicile

Principal Officer

PAUL CAROLL

Phone

9736350836

Tax Period

2025-01-01 to 2025-12-31

MUTUAL BENEFIT ASSOCIATION OF THE CHATHAM VOLUNTEER FIRE DEPARTMENT, founded in 1940, is a small nonprofit that reported $579K in total revenue in fiscal year 2025. Revenue surged 124% from the prior year, signaling strong growth momentum. The organization ran a surplus of $328K, a strong 57% operating margin.

Mission

BENEFIT FUND FOR VOLUNTEER FIREMEN.

Program Service Accomplishments

Program 1

Expenses: $249,400

BENEFIT FUND FOR VOLUNTEER FIREMEN.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $578,661

Other Revenue $0

TOTAL REVENUE $578,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $249,400

Other Expenses $250,200

TOTAL EXPENSES $250,200

Year-over-Year Comparison

	2025	2024	Change
Revenue	$578,661	$257,785	+1.2%
Expenses	$250,200	$180,775	+0.4%
Net Income	$328,461	$77,010	+3.3%

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
PAUL CAROLL	PRESIDENT	N/A	Officer	$0	$0	$0
PETER CONNORS	SECRETARY	N/A	Officer	$0	$0	$0
PHILIP SALINARDI	TREASURER	N/A	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
2025	$578,661	$250,200	$4,975,946	$328,461
2024	No data	No data	No data	No data
2024	$257,785	$180,775	$4,647,485	$77,010
2023	$413,795	$203,643	$5,269,442	$210,152
2022	$292,569	$86,074	$5,059,290	$206,495
2021	$297,223	$106,385	$4,959,833	$190,838
2020	$542,002	$144,634	$4,491,432	$397,368
2019	$1,676,287	$90,130	$4,094,064	$1,586,157
2018	$143,567	$159,524	$2,507,907	$-15,957

MUTUAL BENEFIT ASSOCIATION OF THE CHATHAM VOLUNTEER FIRE DEPARTMENT