NEWBURY VOLUNTEER FIRE DEPARTMENT

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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

1954

Legal Domicile

Principal Officer

BELINDA S FAGAN

Phone

4405642261

Tax Period

2023-01-01 to 2023-12-31

NEWBURY VOLUNTEER FIRE DEPARTMENT, founded in 1954, is a small nonprofit in the Public Safety sector that reported $604K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Net assets of $1.8M represent 35 months of operating reserves.

Mission

PROVIDE FIRE AND EMS SERVICES TO THE RESIDENTS OF NEWBURY TOWNSHIP AND THE SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $211,483

PROVIDE FIRE AND EMS SERVICES TO THE RESIDENTS OF NEWBURY TOWNSHIP AND THE 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 (2023)

Revenue Breakdown

Contributions & Grants $29,110

Program Service Revenue $490,355

Investment Income $84,443

Other Revenue $0

TOTAL REVENUE $603,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,247

Fundraising Expenses $3,426

Program Expenses $562,327

Other Expenses $479,507

TOTAL EXPENSES $626,754

Year-over-Year Comparison

	2023	2022	Change
Revenue	$603,908	$466,758	+0.3%
Expenses	$626,754	$490,053	+0.3%
Net Income	$-22,846	$-23,295	0.0%

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

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

$22,631

Total Directors

$89,103

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS ZIMPERMAN	TRUSTEE	1.00	Director	$23,796	$0	$23,796
JEREMY C SUSTAR	TRUSTEE	1.00	Director	$23,743	$0	$23,743
JOSEPH REIS	TRUSTEE	1.00	Director	$16,821	$0	$16,821
BELINDA S FAGAN	TREASURER	32.00	Officer Director	$15,843	$0	$15,843
WILLIAM MEYERS	TRUSTEE	1.00	Director	$4,272	$0	$4,272
COREY J HISCOX	PRESIDENT	1.00	Officer	$3,722	$0	$3,722
RANDY O HOLLIS	TRUSTEE	1.00	Director	$3,335	$0	$3,335
KRISTINA KRANCE	SECRETARY	1.00	Officer	$1,694	$0	$1,694
ZACHARY GERHARDT	VICE PRESIDE	1.00	Officer	$1,372	$0	$1,372
DANIEL GREEN	TRUSTEE	1.00	Director	$1,293	$0	$1,293

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	$603,908	$626,754	$1,756,470	$-22,846
2022	$466,758	$490,053	$1,730,387	$-23,295
2021	$686,349	$423,853	$1,763,531	$262,496
2020	$425,892	$484,804	$1,501,035	$-58,912
2019	$368,745	$327,002	$1,559,947	$41,743
2018	$557,900	$316,032	$1,519,015	$241,868