HILLSBORO FIREFIGHTERS' ASSOCIATION

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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

1973

Legal Domicile

Principal Officer

SHANE RICE

Tax Period

2024-01-01 to 2024-12-31

HILLSBORO FIREFIGHTERS' ASSOCIATION, founded in 1973, is a small nonprofit that reported $421K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $388K left a modest 8% surplus.

Mission

TO PROVIDE FOR CONTINUOUS ORGANIZATIONAL IMPROVEMENT FOR ALL MEMBERS WHILE REPRESENTING THEIR INTERESTS WITH HONESTY AND INTEGRITY IN THE AREAS OF PROTECTING THEIR HEALTH AND SAFETY, MAINTAINING A FAIR AND EQUITABLE ENVIRONMENT, AND SHOWING A CIVIC PRIDE BY CONSISTENT COMMUNITY INVOLVEMENT, AND TO ENABLE A COLLABORATIVE COLLEGIAL WORKING RELATIONSHIP WITH MANAGEMENT.

Program Service Accomplishments

Program 1

COLLECTIVE BARGAINING ON BEHALF OF THE ORGANIZATION'S MEMBERS

Program 2

WORKER REPRESENTATION TO MANAGEMENT ON BEHALF OF THE ORGANIZATION'S MEMBERS

Program 3

TO PROVIDE BENEFITS TO MEMBERS

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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 $181,496

Program Service Revenue $246,279

Investment Income $555

Other Revenue $-7,032

TOTAL REVENUE $421,298

Expense Breakdown

Grants Paid $3,357

Salaries & Benefits $110,465

Fundraising Expenses $0

Other Expenses $274,459

TOTAL EXPENSES $388,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$421,298	$304,722	+0.4%
Expenses	$388,281	$308,037	+0.3%
Net Income	$33,017	$-3,315	-11.0%

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

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

$81,223

Total Directors

$99,052

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANE RICE	PRESIDENT	3.00	Officer Director	$29,716	$0	$29,716
RICHARD VETSCH	VICE PRESIDE	3.00	Officer Director	$24,763	$0	$24,763
ALEX BUSH	TREASURER	3.00	Officer Director	$14,858	$0	$14,858
SAM KEERAN	SECRETARY	3.00	Officer Director	$11,886	$0	$11,886
CHAD FARBER	DIRECTOR	3.00	Director	$5,943	$0	$5,943
JEREMY MENEAR	DIRECTOR	3.00	Director	$5,943	$0	$5,943
VINCE ROSATTI	DIRECTOR	3.00	Director	$5,943	$0	$5,943

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	$421,298	$388,281	$462,498	$33,017
2023	$304,722	$308,037	$429,481	$-3,315
2022	$262,494	$279,042	$432,796	$-16,548
2021	$287,147	$279,990	$449,344	$7,157
2020	$247,886	$223,145	$442,187	$24,741
2019	$239,376	$195,112	$466,067	$44,264
2018	$243,260	$140,900	$421,803	$102,360