BRIDGEHAMPTON VOLUNTEER EXEMPT FIREMENS BENEVOLENT ASSOCIATION INC (EIN 260598568) - 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

2007

Legal Domicile

Principal Officer

TIMOTHY R SIEGER

Tax Period

2023-01-01 to 2023-12-31

BRIDGEHAMPTON VOLUNTEER EXEMPT FIREMENS BENEVOLENT ASSOCIATION INC, founded in 2007, is a small nonprofit in the Public Safety sector that reported $323K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $227K, a strong 70% operating margin.

Mission

TO PROVIDE SICK, DISABLED OR INDIGENT BENEFITS, DEATH BENEFITS AND HOSPITALIZATION BENEFITS TO ELIGIBLE MEMBERS OF THE BRIDGEHAMPTON FIRE DISTRICT.

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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 $1,660

Program Service Revenue $223,130

Investment Income $98,519

Other Revenue $0

TOTAL REVENUE $323,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,552

Other Expenses $96,119

TOTAL EXPENSES $96,119

Year-over-Year Comparison

	2023	2022	Change
Revenue	$323,309	$253,194	+0.3%
Expenses	$96,119	$83,434	+0.2%
Net Income	$227,190	$169,760	+0.3%

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
EDWARD GREGORY	DIRECTOR	5.00	Director	$0	$0	$0
HARRY HALSEY	SECRETARY	10.00	Officer Director	$0	$0	$0
RICHARD KELLY	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
WILLIAM MOTT	DIRECTOR	5.00	Director	$0	$0	$0
TIMOTHY R SIEGER	PRESIDENT	10.00	Officer Director	$0	$0	$0
JEFF WHITE	DIRECTOR	5.00	Director	$0	$0	$0
JACK J ZITO	TREASURER	10.00	Officer Director	$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	$323,309	$96,119	$2,453,036	$227,190
2022	$253,194	$83,434	$2,162,692	$169,760
2021	$225,398	$89,608	$2,211,030	$135,790
2020	$238,083	$58,543	$2,059,203	$179,540
2019	$285,049	$83,677	$1,818,071	$201,372
2018	$247,685	$106,397	$1,530,623	$141,288

BRIDGEHAMPTON VOLUNTEER EXEMPT FIREMENS BENEVOLENT ASSOCIATION INC