BERLIN VOLUNTEER FIRE COMPANY INC (EIN 272651854) - 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

1954

Legal Domicile

Phone

5186582029

Tax Period

2024-01-01 to 2024-12-31

BERLIN VOLUNTEER FIRE COMPANY INC, founded in 1954, is a small nonprofit in the Public Safety sector that reported $116K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 49% operating margin.

Mission

To provide fire, rescue and emergency medical emergency services to the Town of Berlin mutual aid services to other municipalities in Rensselaer County. We also provide education and outreach to our community on fire safety, health care emergency services, disaster preparedness and emergency procedures.

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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 $18,047

Program Service Revenue $0

Investment Income $68,372

Other Revenue $29,312

TOTAL REVENUE $115,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,379

Program Expenses $45,062

Other Expenses $53,095

TOTAL EXPENSES $59,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,731	$93,857	+0.2%
Expenses	$59,368	$54,256	+0.1%
Net Income	$56,363	$39,601	+0.4%

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

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
Joseph Sweener	President	3.00	Officer Director	$0	$0	$0
Bruce Hake Sr	Vice President	3.00	Officer Director	$0	$0	$0
Nancy Sweener	Treasurer	3.00	Officer Director	$0	$0	$0
Jennifer Berhans	Secretary	3.00	Officer Director	$0	$0	$0
Albertine Harrington	Director	3.00	Director	$0	$0	$0
Dawn Hake	Director	3.00	Director	$0	$0	$0
Samantha Gale	Director	3.00	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	$115,731	$59,368	$1,286,000	$56,363
2023	$93,857	$54,256	$1,229,637	$39,601
2022	$77,522	$50,864	$1,190,036	$26,658
2021	$103,746	$50,387	$1,163,378	$53,359
2020	$77,521	$62,909	$1,110,019	$14,612
2019	$155,671	$68,216	$1,095,407	$87,455
2018	$100,033	$66,773	$1,007,952	$33,260

BERLIN VOLUNTEER FIRE COMPANY INC