ANDOVER VOLUNTEER FIRE DEPARTMENT INC (EIN 331061239) - 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

1938

Legal Domicile

Principal Officer

DAVID GOSTANIAN

Phone

8607427477

Tax Period

2023-01-01 to 2023-12-31

ANDOVER VOLUNTEER FIRE DEPARTMENT INC, founded in 1938, is a small nonprofit in the Public Safety sector that reported $162K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $75K, a strong 46% operating margin.

Mission

TO PURCHASE, ACQUIRE, CONSTRUCT, REPAIR, MAINTAIN OR USE LAND, BUILDINGS, EASEMENTS OR EQUIPMENT, TO BE USED PRIMARILY FOR FIRE FIGHTINGM RESCUE, AMBULANCE OR SIMULAR DISASTER 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,381

Program Service Revenue $130,765

Investment Income $7,316

Other Revenue $0

TOTAL REVENUE $162,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,321

Program Expenses $81,296

Other Expenses $87,317

TOTAL EXPENSES $87,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,462	$136,818	+0.2%
Expenses	$87,317	$87,081	+0.0%
Net Income	$75,145	$49,737	+0.5%

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

N/A

Independent Members

N/A

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
LEAH O'BRIEN	SECRETARY	1.00	Officer	$0	$0	$0
DAVID GOSTANIAN	PRESIDENT	1.00	Officer	$0	$0	$0
TIM O'BRIEN	DIRECTOR	1.00	Officer	$0	$0	$0
KAREN MADORE	SECRETARY	1.00	Officer	$0	$0	$0
MARTIN GEOGHEGAN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
RONALD MIKE JR	CHIEF	1.00	Officer	$0	$0	$0
MELINDA HEGENER	DEPUTY CHIEF	1.00	Officer	$0	$0	$0
MARK WILLIAMS	DIRECTOR	1.00	Officer	$0	$0	$0
SCOTT YEOMANS	TREASURER	1.00	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	No data	No data	No data	No data
2023	$162,462	$87,317	$545,108	$75,145

ANDOVER VOLUNTEER FIRE DEPARTMENT INC