Putnam Valley Volunteer Fire Dept (EIN 237329077) - 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

1946

Legal Domicile

Principal Officer

Michael Carravone

Phone

8455262879

Tax Period

2023-01-01 to 2023-12-31

Putnam Valley Volunteer Fire Dept, founded in 1946, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $353K, a strong 24% operating margin.

Mission

Fire fighting, emergency response and fire prevention. The PVVFD responded to 526 fire and emergency calls in 2023.

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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 $1,399,263

Program Service Revenue $0

Investment Income $73,229

Other Revenue $14,853

TOTAL REVENUE $1,487,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,982

Program Expenses $562,509

Other Expenses $1,134,289

TOTAL EXPENSES $1,134,289

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,487,345	$1,406,622	+0.1%
Expenses	$1,134,289	$1,262,006	-0.1%
Net Income	$353,056	$144,616	+1.4%

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

N/A

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
Eric Mignano	Chairman	015.00	Director	$0	$0	$0
Greg Schiffer	Director	015.00	Director	$0	$0	$0
Francis Rush IV	Director	015.00	Director	$0	$0	$0
Derek Rooney	Director	015.00	Director	$0	$0	$0
Bruce Johnson	Director	015.00	Director	$0	$0	$0
Edward McCarthy	Director	015.00	Director	$0	$0	$0
Henry Lopez	Director	015.00	Director	$0	$0	$0
Sheryl Loungo	President	015.00	Officer	$0	$0	$0
Shawn Keeler	Vice President	015.00	Officer	$0	$0	$0
Michael Carravone	Treasurer	015.00	Officer	$0	$0	$0
Frank DiMarco	Fire Chief	015.00	Key Emp	$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	$1,487,345	$1,134,289	$18,133,835	$353,056
2022	$1,406,622	$1,262,006	$18,037,729	$144,616
2021	$1,357,410	$967,759	$18,458,694	$389,651
2020	$1,529,126	$691,216	$7,204,123	$837,910
2019	$1,424,619	$775,112	$6,366,037	$649,507
2018	$1,313,911	$788,301	$5,667,318	$525,610

Putnam Valley Volunteer Fire Dept