CLARIDGE VOLUNTEER FIRE DEPARTMENT (EIN 251064646) - 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

1945

Legal Domicile

Principal Officer

JEFF ADAMSON

Phone

7247442400

Tax Period

2024-01-01 to 2024-12-31

CLARIDGE VOLUNTEER FIRE DEPARTMENT, founded in 1945, is a small nonprofit in the Public Safety sector that reported $516K in total revenue in fiscal year 2024. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $209K, a strong 41% operating margin.

Mission

THE ORGANIZATION PROVIDES FIRE PROTECTION AND EMERGENCY SERVICES TO LOCAL RESIDENTS. THE ORGANIZATION IS ALWAYS ON CALL TO PROVIDE THESE SERVICES TO THE LOCAL RESIDENTS AND DOES NOT CHARGE THE RESIDENTS FOR SERVICES PROVIDED.

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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 $102,771

Program Service Revenue $0

Investment Income $299,243

Other Revenue $113,957

TOTAL REVENUE $515,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $841

Program Expenses $288,950

Other Expenses $306,776

TOTAL EXPENSES $306,776

Year-over-Year Comparison

	2024	2023	Change
Revenue	$515,971	$235,631	+1.2%
Expenses	$306,776	$240,808	+0.3%
Net Income	$209,195	$-5,177	-41.4%

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

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
GEORGE ADAMSON	PRESIDENT	N/A	Officer	$0	$0	$0
JEFF ADAMSON	TREASURER	N/A	Officer	$0	$0	$0
DAVE ROBINSON	SECRETARY	N/A	Officer	$0	$0	$0
MIKE SEICE	VICE PRESIDE	N/A	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	$494,036	$284,841	$743,862	$209,195
2024	$515,971	$306,776	$743,862	$209,195
2023	$235,631	$240,808	$1,004,597	$-5,177
2022	$275,220	$227,243	$1,027,900	$47,977
2021	$352,121	$188,219	$1,060,260	$163,902
2020	$246,390	$205,926	$921,694	$40,464
2019	$386,821	$282,089	$945,230	$104,732
2019	$377,506	$297,283	$945,513	$80,223
2018	$198,658	$231,262	$888,532	$-32,604
2018	$199,358	$215,612	$896,745	$-16,254

CLARIDGE VOLUNTEER FIRE DEPARTMENT