ANDOVER VOLUNTEER FIRE DEPARTMENT (EIN 237274553) - 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

1958

Legal Domicile

Principal Officer

RYAN BUIE

Tax Period

2023-01-01 to 2023-12-31

ANDOVER VOLUNTEER FIRE DEPARTMENT, founded in 1958, is a small nonprofit in the Public Safety sector that reported $202K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 23% operating margin.

Mission

TO PROVIDE FIRE PROTECTION AND EMERGENCY SERVICES FOR AREAS WITHIN A 20 MILE RADIUS OF ANDOVER VILLAGE.

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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 $7,430

Program Service Revenue $130,421

Investment Income $29

Other Revenue $64,060

TOTAL REVENUE $201,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,476

Other Expenses $156,476

TOTAL EXPENSES $156,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,940	$137,963	+0.5%
Expenses	$156,476	$182,229	-0.1%
Net Income	$45,464	$-44,266	-2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE SPENCER	CHIEF	1.00	Officer	$0	$0	$0
DAVE MILLER	SEARGENT-AT-ARMS	1.00	Officer	$0	$0	$0
JOHN TERRY	ASSISTANT CHIEF	1.00	Officer	$0	$0	$0
RANDY GENTRY	TRAINING OFFICER	1.00	Officer	$0	$0	$0
ALLEN SEMAI	FIRE CAPTAIN	1.00	Officer	$0	$0	$0
MIKE FRENCH	VICE PRESIDENT	1.00	Officer	$0	$0	$0
RYAN BUIE	PRESIDENT	1.00	Officer	$0	$0	$0
CATHY TERRY	TREASURER	1.00	Officer	$0	$0	$0
JOSH TERRY	QUARTERMASTER	1.00	Officer	$0	$0	$0
ALICEN LIMESTOLL	SECRETARYSAFETY OFFICER	1.00	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
2023	$201,940	$156,476	$780,115	$45,464
2022	$137,963	$182,229	$771,335	$-44,266
2021	$207,607	$182,454	$401,702	$25,153
2020	$209,999	$126,106	$334,288	$83,893
2019	$131,032	$146,153	$388,832	$-15,121
2018	$138,466	$197,952	$456,553	$-59,486

ANDOVER VOLUNTEER FIRE DEPARTMENT