Bedford Volunteer Fire Department 1 (EIN 237408805) - 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

1904

Legal Domicile

Principal Officer

Bill Blackburn

Phone

8146238914

Tax Period

2024-01-01 to 2024-12-31

Bedford Volunteer Fire Department 1, founded in 1904, is a small nonprofit in the Public Safety sector that reported $369K in total revenue in fiscal year 2024. Expenses of $342K left a modest 7% surplus.

Mission

Respond to Fires and other emergencies in the Bedford PA area

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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 (2024)

Revenue Breakdown

Contributions & Grants $214,494

Program Service Revenue $50

Investment Income $123,192

Other Revenue $30,865

TOTAL REVENUE $368,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $331,174

Other Expenses $342,332

TOTAL EXPENSES $342,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$368,601	$357,973	+0.0%
Expenses	$342,332	$341,729	+0.0%
Net Income	$26,269	$16,244	+0.6%

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
Dustin Hoffman	President	3.00	Officer	$0	$0	$0
Sam Fetters	Vice President	2.00	Officer	$0	$0	$0
Michelle Lange	Secretary	1.00	Officer	$0	$0	$0
Bill Blackburn	Treasurer	10.00	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
2024	$368,601	$342,332	$6,051,705	$26,269
2023	$357,973	$341,729	$6,061,925	$16,244
2022	$532,056	$477,715	$6,079,709	$54,341
2021	$477,415	$345,851	$6,060,294	$131,564
2020	$553,603	$354,966	$5,949,530	$198,637
2019	$601,982	$139,236	$4,507,518	$462,746
2018	$417,054	$202,365	$3,238,752	$214,689

Bedford Volunteer Fire Department 1