CHARLESTOWN VOLUNTEER FIRE DEPARTMENT INC (EIN 351739097) - 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

1953

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

CHARLESTOWN VOLUNTEER FIRE DEPARTMENT INC, founded in 1953, is a small nonprofit in the Public Safety sector that reported $742K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $716K left a modest 3% surplus.

Mission

TO FIGHT FIRES, MAINTAIN FIRE FIGHTING EQUIPMENT, AND OTHERWISE PROVIDE FIRE PROTECTION AND FIRE PREVENTION SERVICES.

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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 $709,273

Program Service Revenue $10,565

Investment Income $1,774

Other Revenue $20,591

TOTAL REVENUE $742,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,066

Fundraising Expenses $0

Program Expenses $716,447

Other Expenses $508,381

TOTAL EXPENSES $716,447

Year-over-Year Comparison

	2023	2022	Change
Revenue	$742,203	$665,145	+0.1%
Expenses	$716,447	$586,645	+0.2%
Net Income	$25,756	$78,500	-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

Governance

Voting Members

Independent Members

Employees

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

$54,433

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HEAL	FIRE CHIEF	30.00	Officer	$53,235	$0	$53,235
DAVID HAYES SR	TREASURER	12.00	Officer	$599	$0	$599
ROY T MILLER	PRESIDENT	8.00	Officer	$599	$0	$599

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	$742,203	$716,447	$2,698,208	$25,756
2022	$665,145	$586,645	$2,633,224	$78,500
2021	$652,725	$541,742	$2,659,652	$110,983
2020	$540,007	$522,584	$2,523,429	$17,423
2019	$518,905	$508,701	$1,686,384	$10,204
2018	$609,256	$476,437	$1,685,502	$132,819

CHARLESTOWN VOLUNTEER FIRE DEPARTMENT INC