BRIDGEHAMPTON VOLUNTEER EXEMPT FIREMENS BENEVOLENT ASSOCIATION INC

EIN: 260598568 Public Safety

BRIDGEHAMPTON, NY

Total Revenue
$323,309
Total Expenses
$96,119
Total Assets
$2,453,036
Net Assets
$2,453,036
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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
NY
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.

Program Service Accomplishments

Program 1
Expenses: $31,477 Revenue: $223,130

PAYMENTS OF FUNERAL ASSISTANCE TO SURVIVING SPOUSES AND FAMILIES TO HELP WITH FUNERAL RELATED COSTS.

Program 2
Expenses: $16,891

PAYMENT OF HOUSING ASSISTANCE INCLUDING MORTGAGE PAYMENTS, RENT, UTILITIES AND HOUSING REPAIRS.

Program 3
Expenses: $34,184

PAYMENT OF MEDICAL BILLS FOR MEMBERS WHO NEED ASSISTANCE.

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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%)

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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

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Governance

Voting Members
7
Independent Members
7
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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