DEER ISLE FIREMANS ASSOCIATION (EIN 237061225) - 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

1936

Legal Domicile

Principal Officer

Brent Morey

Phone

2073486133

Tax Period

2024-01-01 to 2024-12-31

DEER ISLE FIREMANS ASSOCIATION, founded in 1936, is a small nonprofit in the Public Safety sector that reported $358K in total revenue in fiscal year 2024. Revenue surged 600% from the prior year, signaling strong growth momentum. The organization ran a surplus of $319K, a strong 89% operating margin.

Mission

The primary purpose of Deer Isle Firemans Association is to assist the Deer Isle Fire Department with funding, manpower and equipment to allow them to better protect the inhabitants of the area.

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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 $353,485

Program Service Revenue $0

Investment Income $4,862

Other Revenue $0

TOTAL REVENUE $358,347

Expense Breakdown

Grants Paid $30,760

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,489

Other Expenses $8,729

TOTAL EXPENSES $39,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$358,347	$51,192	+6.0%
Expenses	$39,489	N/A	N/A
Net Income	$318,858	$51,192	+5.2%

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
Russell Bray	President	2	Officer Director	$0	$0	$0
Timothy Cobb	Vice President	2	Officer Director	$0	$0	$0
Mallary Reese	Secretary	2	Officer Director	$0	$0	$0
Brent Morey	Chief, Clerk	3	Officer Director	$0	$0	$0
Jesse Larrabee	Treasurer	2	Officer Director	$0	$0	$0
James Foley	Director	2	Director	$0	$0	$0
John Weed	Director	2	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	$358,347	$39,489	$468,362	$318,858

DEER ISLE FIREMANS ASSOCIATION