CHATHAM FIRE ASSOCIATION INC C/O GERARD SMITH TREASURER (EIN 237110518) - 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

1980

Legal Domicile

Principal Officer

GERARD SMITH

Phone

5083646688

Tax Period

2022-10-01 to 2023-09-30

CHATHAM FIRE ASSOCIATION INC C/O GERARD SMITH TREASURER, founded in 1980, is a micro nonprofit that reported $71K in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $95K exceeded revenue, resulting in a 33% operating deficit.

Mission

CHARITABLE,EDUCATIONAL & SOCIAL

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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 (2022)

Revenue Breakdown

Contributions & Grants $69,011

Program Service Revenue $0

Investment Income $2,305

Other Revenue $0

TOTAL REVENUE $71,316

Expense Breakdown

Grants Paid $20,849

Salaries & Benefits $4,800

Fundraising Expenses $0

Program Expenses $89,531

Other Expenses $69,415

TOTAL EXPENSES $95,064

Year-over-Year Comparison

	2022	2021	Change
Revenue	$71,316	$90,609	-0.2%
Expenses	$95,064	$68,140	+0.4%
Net Income	$-23,748	$22,469	-2.1%

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

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

$4,800

Total Directors

$4,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL MCGRATH	CLERK	10.00	Officer Director	$1,200	$0	$1,200
GERARD SMITH	TREASURER/DIRECTOR	10.00	Officer Director	$2,400	$0	$2,400
RYAN CLARKE	PRESIDENT/DIRECTOR	10.00	Officer Director	$1,200	$0	$1,200
TIMOTHY HUNTER	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN MOORE	DIRECTOR	2.00	Director	$0	$0	$0
CONSTANCE LYMAN	DIRECTOR	2.00	Director	$0	$0	$0
MATT FLYNN	DIRECTOR	2.00	Director	$0	$0	$0
RALPH SILVESTER JR	DIRECTOR	2.00	Director	$0	$0	$0
GERALD BELTIS	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$71,316	$95,064	$189,084	$-23,748
2022	$90,609	$68,140	$225,350	$22,469
2021	$56,995	$55,430	$207,708	$1,565
2020	$48,365	$58,565	$193,743	$-10,200
2019	$43,047	$59,740	$214,782	$-16,693

CHATHAM FIRE ASSOCIATION INC C/O GERARD SMITH TREASURER