Block Island Volunter Fire & Rescue Department (Inc) (EIN 237287846) - 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

1925

Legal Domicile

Principal Officer

Michael Lofaro

Phone

4014663220

Tax Period

2025-01-01 to 2025-12-31

Block Island Volunter Fire & Rescue Department (Inc), founded in 1925, is a small nonprofit in the Public Safety sector that reported $629K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $171K, a strong 27% operating margin.

Mission

Preserve & Protect Life & Property and Provide Assistance in Medical Emergencies 365 Days a Year to the Entire Island Community.

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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 (2025)

Revenue Breakdown

Contributions & Grants $609,807

Program Service Revenue $0

Investment Income $18,914

Other Revenue $0

TOTAL REVENUE $628,721

Expense Breakdown

Grants Paid $8,980

Salaries & Benefits $6,200

Fundraising Expenses $12,255

Program Expenses $429,534

Other Expenses $442,927

TOTAL EXPENSES $458,107

Year-over-Year Comparison

	2025	2024	Change
Revenue	$628,721	$544,276	+0.2%
Expenses	$458,107	$494,291	-0.1%
Net Income	$170,614	$49,985	+2.4%

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

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
Christopher Oneil	Director	0.10	Director	$0	$0	$0
John Mott	Director	0.10	Director	$0	$0	$0
Peter Preiser	Director	0.10	Director	$0	$0	$0
Bethanie Rousseau	Secretary	5.00	Officer	$0	$0	$0
John Christopher Hobe	Chief	12.00	Officer	$0	$0	$0
Kirk Littlefield	Ass't Chief	10.00	Officer	$0	$0	$0
Jordan Ryan	Rescue Captain	7.00	Officer	$0	$0	$0
Tristan Payne	Fire Captain	10.00	Officer	$0	$0	$0
Michael Lofaro	Treasurer	7.00	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
2025	$628,721	$458,107	$1,065,795	$170,614
2024	$544,276	$494,291	$902,681	$49,985
2023	$765,534	$544,831	$847,740	$220,703
2022	$414,561	$415,504	$643,435	$-943
2021	$731,734	$874,633	$667,793	$-142,899
2020	$506,484	$346,332	$805,909	$160,152
2019	$367,480	$380,377	$612,533	$-12,897
2018	$616,925	$751,849	$620,815	$-134,924

Block Island Volunter Fire & Rescue Department (Inc)