BAYPORT FIRE DEPARTMENT RELIEF ASSOCIATION (EIN 416040359) - 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

1915

Legal Domicile

Principal Officer

RAHMAN VALLEY

Phone

6512754401

Tax Period

2024-01-01 to 2024-12-31

BAYPORT FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1915, is a small nonprofit that reported $174K in total revenue in fiscal year 2024. The organization ran a surplus of $149K, a strong 86% operating margin.

Mission

SUPPORTING THE WELFARE OF THE MEMBERS OF THE BAYPORT FIRE DEPARTMENT AND THE COMMUNITY WE SERVE.

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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 $162,025

Program Service Revenue $0

Investment Income $5,295

Other Revenue $6,327

TOTAL REVENUE $173,647

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $6,242

Fundraising Expenses $0

Program Expenses $21,378

Other Expenses $15,026

TOTAL EXPENSES $24,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$173,647	$162,273	+0.1%
Expenses	$24,268	$21,107	+0.1%
Net Income	$149,379	$141,166	+0.1%

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

$5,729

Total Directors

$6,242

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE GALOWITZ	PRESIDENT	1.00	Officer Director	$527	$0	$527
STEVE BUEGE	VICE PRESIDENT	0.50	Officer Director	$140	$0	$140
RAHMAN VALLEY	TREASURER	2.50	Officer Director	$3,006	$0	$3,006
DUSTIN VINCENT	SECRETARY	1.00	Officer Director	$2,056	$0	$2,056
ADAM STAFNE	TRUSTEE	0.50	Director	$109	$0	$109
ALLEN EISINGER	EX-OFFICIO (FIRE CHIEF)	0.50	Director	$155	$0	$155
DAVID PURNICK	FORMER TRUSTEE	0.25	Director	$109	$0	$109
MICHELE HANSON	EX-OFFICIO (MAYOR)	0.50	Director	$124	$0	$124
MATT KLINE	EX-OFFICIO (CITY CLERK)	0.50	Director	$16	$0	$16
CAM GOEPFERD	TRUSTEE	0.50	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	$173,647	$24,268	$4,404,841	$149,379
2023	$162,273	$21,107	$3,763,605	$141,166
2022	$156,914	$38,959	$3,127,783	$117,955
2021	$213,711	$85,017	$3,590,672	$128,694
2020	$382,803	$240,061	$3,063,126	$142,742
2019	$214,121	$80,342	$2,930,809	$133,779
2018	$240,816	$82,653	$2,417,449	$158,163

BAYPORT FIRE DEPARTMENT RELIEF ASSOCIATION