BLOOMINGDALE VOL FIRE DEPT INC

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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

1953

Legal Domicile

Principal Officer

MICHAEL HUDSON

Phone

9735990999

Tax Period

2024-01-01 to 2024-12-31

BLOOMINGDALE VOL FIRE DEPT INC, founded in 1953, is a small nonprofit that reported $120K in total revenue in fiscal year 2024. The organization ran a surplus of $24K, a strong 20% operating margin.

Mission

OPERATION OF VOLUNTEER FIRE DEPARTMENT

Program Service Accomplishments

Program 1

Expenses: $77,108

AMOUNTS EXPENDED FOR FEES AT VARIOUS FIRE TRAINING ACADEMIES, TRAINING PUBLICATIONS, ASSOCIATION DUES, UNIFORMS AND COSTS OF RECOGNITION EVENTS FOR VOLUNTEER FIREFIGHTERS

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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 $29,432

Program Service Revenue $0

Investment Income $24

Other Revenue $90,538

TOTAL REVENUE $119,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,675

Fundraising Expenses $3,755

Program Expenses $77,108

Other Expenses $88,674

TOTAL EXPENSES $96,349

Year-over-Year Comparison

	2024	2023	Change
Revenue	$119,994	$124,599	0.0%
Expenses	$96,349	$96,906	0.0%
Net Income	$23,645	$27,693	-0.1%

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

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
BRIAN GUINAN	TREASURER	N/A	Officer	$0	$0	$0
MICHAEL HUDSON	PRESIDENT	N/A	Officer	$0	$0	$0
MICHAEL WANKLIN	SECRETARY	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
2024	$119,994	$96,349	$263,559	$23,645
2023	$124,599	$96,906	$239,997	$27,693