BLOOMFIELD TOWNSHIP FIRE DEPARTMENT CHARITIES INC (EIN 383347976) - 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

1998

Legal Domicile

Principal Officer

MIKE SOVA

Phone

2484337745

Tax Period

2023-01-01 to 2023-12-31

BLOOMFIELD TOWNSHIP FIRE DEPARTMENT CHARITIES INC, founded in 1998, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $58K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $32K, a strong 55% operating margin.

Mission

TO RECEIVE AND ADMINISTER FUNDS FOR RELIGIOUS, SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE IRC OF 1986, OR CORRESPONDING PROVISIONS OF ANY FUTURE US IRC.

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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 $46,802

Program Service Revenue $0

Investment Income $3,430

Other Revenue $7,847

TOTAL REVENUE $58,079

Expense Breakdown

Grants Paid $22,014

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,014

Other Expenses $4,086

TOTAL EXPENSES $26,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,079	$89,776	-0.4%
Expenses	$26,100	$90,483	-0.7%
Net Income	$31,979	$-707	-46.2%

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

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
CHRIS HULL	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL SOVA	TREASURER	2.00	Officer Director	$0	$0	$0
ED LIETZ	DIRECTOR	1.00	Director	$0	$0	$0
JOE CHOPSKI	DIRECTOR	1.00	Director	$0	$0	$0
LEONARD WINESKI III	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRADLEY WOODHULL	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN BERTUCCI	DIRECTOR	1.00	Director	$0	$0	$0
DAN TRUDEAU	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$58,079	$26,100	$280,324	$31,979
2022	$89,776	$90,483	$247,393	$-707
2021	$52,848	$25,240	$248,100	$27,608
2020	$41,238	$8,704	$220,492	$32,534
2019	$42,887	$43,091	$187,958	$-204
2018	$53,508	$30,585	$188,162	$22,923

BLOOMFIELD TOWNSHIP FIRE DEPARTMENT CHARITIES INC