BETHANY BEACH VOLUNTEER FIRE CO IN… - Form 990 Financial Data

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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

1946

Legal Domicile

Principal Officer

MICHAEL SUIT

Phone

3025397700

Tax Period

2025-01-01 to 2025-12-31

BETHANY BEACH VOLUNTEER FIRE CO IN STATION 70, founded in 1946, is a community nonprofit in the Public Safety sector that reported $3.3M in total revenue in fiscal year 2025. The organization ran a surplus of $508K, a strong 15% operating margin.

Mission

FIRE SUPPRESSION, FIRE PREVENTION AND AMBULANCE SERVICE.

Program Service Accomplishments

Program 1

Expenses: $2,538,333 Revenue: $941,431

FIRE & RESCUE AND AMBULANCE SERVICE

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,119,957

Program Service Revenue $941,431

Investment Income $238,579

Other Revenue $6,836

TOTAL REVENUE $3,306,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,804,942

Fundraising Expenses $34,412

Program Expenses $2,538,333

Other Expenses $994,162

TOTAL EXPENSES $2,799,104

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,306,803	$3,303,954	+0.0%
Expenses	$2,799,104	$2,611,854	+0.1%
Net Income	$507,699	$692,100	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIRGINIA DAVIDSON	SECRETARY	5.00	Officer Director	$0	$0	$0
BRANDON ELLIOTT	TREASURER	15.00	Officer Director	$0	$0	$0
TYLER HICKMAN	FIRE CHIEF	20.00	Officer Director	$0	$0	$0
BRIAN MARTIN	ASST. TREASU	8.00	Officer Director	$0	$0	$0
RICHARD PARRETT	CHIEF ENGINE	8.00	Director	$0	$0	$0
PATRICIA SCOTT	ASST. SECRET	5.00	Officer Director	$0	$0	$0
THOMAS MOORE SR	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
MICHAEL SUIT	PRESIDENT	20.00	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
2025	$3,306,803	$2,799,104	$8,094,462	$507,699
2024	$3,303,954	$2,611,854	$7,630,251	$692,100
2023	$2,535,052	$2,628,418	$6,975,812	$-93,366
2022	$2,541,419	$2,251,748	$7,115,400	$289,671
2021	$4,099,593	$2,084,474	$6,867,788	$2,015,119
2020	$2,046,482	$2,162,499	$4,977,972	$-116,017
2019	$2,226,102	$2,005,451	$5,073,022	$220,651
2018	$2,015,791	$1,880,818	$5,157,136	$134,973

BETHANY BEACH VOLUNTEER FIRE CO IN STATION 70