NORTH BANGOR VOLUNTEER FIRE CO (EIN 232024175) - 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

1948

Legal Domicile

Principal Officer

JEREMY MILLER

Phone

4848372970

Tax Period

2024-01-01 to 2024-12-31

NORTH BANGOR VOLUNTEER FIRE CO, founded in 1948, is a small nonprofit in the Public Safety sector that reported $196K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $181K left a modest 8% surplus.

Mission

FIRE AND RESCUE SERVICES TO THE RESIDENTS OF NORTH BANGOR AND SURROUNDING COMMUNITIES

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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 $170,004

Program Service Revenue $3,399

Investment Income $19,274

Other Revenue $3,084

TOTAL REVENUE $195,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,165

Other Expenses $180,885

TOTAL EXPENSES $180,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$195,761	$517,000	-0.6%
Expenses	$180,885	$137,380	+0.3%
Net Income	$14,876	$379,620	-1.0%

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
MICHAEL BLACK	PRESIDENT	2.00	Officer	$0	$0	$0
DONALD BLACK	VP	2.00	Officer	$0	$0	$0
THOMAS AUSTIN	SECRETARY	2.00	Officer	$0	$0	$0
JEREMY MILLER	TREASURER	2.00	Officer	$0	$0	$0
TODD PINTO	CHIEF	5.00	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	$195,761	$180,885	$2,112,601	$14,876
2023	$517,000	$137,380	$2,163,935	$379,620
2022	$128,909	$59,191	$1,315,760	$69,718
2021	$120,219	$69,159	$1,264,592	$51,060
2020	$50,753	$28,610	$1,231,558	$22,143
2019	$49,722	$106,074	$1,226,264	$-56,352
2018	$190,691	$123,959	$1,298,489	$66,732

NORTH BANGOR VOLUNTEER FIRE CO