BAINBRIDGE VOL FIRE DEPARTMENT

EIN: 351695162 501(c)(3) Public Safety

Bainbridge, IN

Total Revenue
$36,958
Total Expenses
$197,817
Total Assets
$429,882
Net Assets
$48,956
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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
1956
Legal Domicile
IN
Principal Officer
PAUL WEISS
Phone
3174144483
Tax Period
2024-01-01 to 2024-12-31

BAINBRIDGE VOL FIRE DEPARTMENT, founded in 1956, is a micro nonprofit in the Public Safety sector that reported $37K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $198K exceeded revenue, resulting in a 435% operating deficit.

Mission

Fire protection to community

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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 (2024)

Revenue Breakdown

Contributions & Grants $36,951
Program Service Revenue $0
Investment Income $7
Other Revenue $0
TOTAL REVENUE $36,958

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $197,817
Other Expenses $197,817
TOTAL EXPENSES $197,817

Year-over-Year Comparison

2024 2023 Change
Revenue $36,958 $58,829 -0.4%
Expenses $197,817 $155,929 +0.3%
Net Income $-160,859 $-97,100 +0.7%
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
6
Independent Members
6
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN THORSON CHIEF 1.00
Officer Director
$0 $0 $0
JAMES SHERRILL ASST CHIEF 1.00
Officer Director
$0 $0 $0
PAUL WEISS TREASURER 1.00
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 $36,958 $197,817 $429,882 $-160,859
2023 $58,829 $155,929 $608,186 $-97,100
2022 $99,460 $100,181 $308,417 $-721
2021 $57,627 $50,855 $329,646 $6,772
2020 $52,120 $41,919 $323,240 $10,201
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