NORTH HOOSICK FIRE DEPARTMENT INC (EIN 237116102) - 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

1947

Legal Domicile

Principal Officer

THOMAS SULLIVAN

Phone

5186865322

Tax Period

2023-01-01 to 2023-12-31

NORTH HOOSICK FIRE DEPARTMENT INC, founded in 1947, is a small nonprofit that reported $225K in total revenue in fiscal year 2023. Expenses of $329K exceeded revenue, resulting in a 46% operating deficit.

Mission

PROVIDE FIRE PROTECTION SERVICES FOR THE HAMLET OF NORTH HOOSICK IN THE TOWN OF HOOSICK, NY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $195,558

Program Service Revenue $0

Investment Income $34

Other Revenue $29,783

TOTAL REVENUE $225,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $277,087

Other Expenses $329,334

TOTAL EXPENSES $329,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$225,375	$214,925	+0.0%
Expenses	$329,334	$275,924	+0.2%
Net Income	$-103,959	$-60,999	+0.7%

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
THOMAS SULLIVAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALAN BORNT	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC AMIDON	TREASURER	2.00	Officer Director	$0	$0	$0
EDWARD BORNT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LETTRE	DIRECTOR	1.00	Director	$0	$0	$0
MITCH WHALEN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE STARR	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
JASON SPAGUE	DIRECTOR	1.00	Director	$0	$0	$0
GREG FOX	DIRECTOR	1.00	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	$225,375	$329,334	$515,271	$-103,959
2022	$214,925	$275,924	$658,445	$-60,999
2021	$208,728	$165,477	$300,213	$43,251
2020	$287,601	$184,743	$372,858	$102,858
2019	$189,338	$169,790	$304,936	$19,548
2018	$188,967	$155,434	$208,937	$33,533

NORTH HOOSICK FIRE DEPARTMENT INC