BEVERLY FIRE COMPANY NO 1 (EIN 462573338) - 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

CORNELL HAWKINS

Tax Period

2021-01-01 to 2021-12-31

BEVERLY FIRE COMPANY NO 1, founded in 1938, is a micro nonprofit in the Public Safety sector that reported $75K in total revenue in fiscal year 2021. Revenue surged 184% from the prior year, signaling strong growth momentum. Expenses of $65K left a modest 13% surplus.

Mission

FIREFIGHTING & RESCUE 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 (2021)

Revenue Breakdown

Contributions & Grants $74,435

Program Service Revenue $0

Investment Income $118

Other Revenue $387

TOTAL REVENUE $74,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,300

Fundraising Expenses $0

Program Expenses $58,965

Other Expenses $61,045

TOTAL EXPENSES $65,345

Year-over-Year Comparison

	2021	2020	Change
Revenue	$74,940	$26,422	+1.8%
Expenses	$65,345	$27,938	+1.3%
Net Income	$9,595	$-1,516	-7.3%

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

N/A

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

$1,700

Total Directors

$1,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORNELL HAWKIN	PRESIDENT	4	Officer	$0	$500	$500
J CHMIELENSKI	VICE PRESIDENT	3	Officer	$0	$200	$200
PHILLIP ADAMS	SECRETARY	2	Officer	$0	$500	$500
HARRY CRAYTHOR	TREASURER	4	Officer	$0	$500	$500
STANLEY BOLTZ	TRUSTEE	0	Director	$0	$200	$200
M SCHEUERER	TRUSTEE	0	Director	$0	$200	$200
R ROADARMEL	TRUSTEE	0	Director	$0	$200	$200
SUE MILLINER	TRUSTEE	0	Director	$0	$200	$200
ANDREW RUSSELL	TRUSTEE	0	Director	$0	$200	$200

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
2021	$74,940	$65,345	$545,004	$9,595
2018	$60,976	$103,332	$691,490	$-42,356

BEVERLY FIRE COMPANY NO 1