CHESTERTOWN VOLUNTEER FIRE COMPANY INC (EIN 526051824) - 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

1909

Legal Domicile

Principal Officer

HENRIETTA MALONEY

Phone

4107783464

Tax Period

2024-01-01 to 2024-12-31

CHESTERTOWN VOLUNTEER FIRE COMPANY INC, founded in 1909, is a small nonprofit that reported $549K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $3.9M represent 86 months of operating reserves.

Mission

FIRE FIGHTING AND FIRE PREVENTION ACTIVITIES

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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 $384,829

Program Service Revenue $17,519

Investment Income $115,891

Other Revenue $30,286

TOTAL REVENUE $548,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,335

Program Expenses $527,738

Other Expenses $538,195

TOTAL EXPENSES $538,195

Year-over-Year Comparison

	2024	2023	Change
Revenue	$548,525	$714,354	-0.2%
Expenses	$538,195	$504,035	+0.1%
Net Income	$10,330	$210,319	-1.0%

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

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
DOUG ASHLEY	DIRECTOR	3.00	Director	$0	$0	$0
STEVE BILINSKI	1ST VICE PRE	3.00	Officer Director	$0	$0	$0
MICHAEL CLARKE	DIRECTOR	3.00	Director	$0	$0	$0
BEN COPPAGE	PRESIDENT	5.00	Officer Director	$0	$0	$0
WILLIAM HILDEBRAND	ASSISTANT TR	3.00	Officer Director	$0	$0	$0
CLAUDE JOYNER III	DIRECTOR	3.00	Director	$0	$0	$0
PATRICIA LEWIS	DIRECTOR	3.00	Director	$0	$0	$0
HENRIETTA MALONEY	TREASURER	3.00	Officer Director	$0	$0	$0
JAMES MCCOLGAN	DIRECTOR	3.00	Director	$0	$0	$0
CINDY MORRIS	SECRETARY	3.00	Officer Director	$0	$0	$0
SETH POWELL	DIRECTOR	3.00	Director	$0	$0	$0
CECIL REIHL	DIRECTOR	3.00	Director	$0	$0	$0
BRAD RUSSUM	DIRECTOR	3.00	Director	$0	$0	$0
PHIL RUSSUM	DIRECTOR	3.00	Director	$0	$0	$0
DONALD HODGES SR	DIRECTOR	3.00	Director	$0	$0	$0
AMANDA SWINDELL	ASSISTANT SE	3.00	Officer Director	$0	$0	$0
JIMMY SWINDELL	2ND VICE PRE	5.00	Officer Director	$0	$0	$0
JEFFREY THOMPSON	DIRECTOR	3.00	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	$548,525	$538,195	$4,590,096	$10,330
2023	$714,354	$504,035	$4,464,151	$210,319
2022	$377,470	$470,644	$4,046,571	$-93,174
2021	$567,530	$369,177	$4,611,800	$198,353
2020	$432,899	$414,163	$3,859,027	$18,736
2019	$398,270	$377,861	$3,652,988	$20,409
2018	$398,202	$374,719	$3,444,931	$23,483

CHESTERTOWN VOLUNTEER FIRE COMPANY INC