BLUEWELL VOLUNTEER FIRE DEPARTMENT (EIN 550563940) - 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

1953

Legal Domicile

Principal Officer

MIKE GIBSON

Phone

3043256157

Tax Period

2024-01-01 to 2024-12-31

BLUEWELL VOLUNTEER FIRE DEPARTMENT, founded in 1953, is a small nonprofit in the Public Safety sector that reported $272K in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 39% operating margin.

Mission

TO PROVIDE FIRE PROTECTION, ASSIST IN TRAFFIC ACCIDENTS AND PROVIDE GENERAL SAFETY TO THE COMMUNITY.

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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 $261,855

Program Service Revenue $0

Investment Income $7,105

Other Revenue $3,375

TOTAL REVENUE $272,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,884

Other Expenses $166,686

TOTAL EXPENSES $166,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$272,335	$147,203	+0.9%
Expenses	$166,686	$141,283	+0.2%
Net Income	$105,649	$5,920	+16.8%

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
MIKE GIBSON	PRESIDENT/CH	10.00	Officer Director	$0	$0	$0
TIM SADDLER	VICE PRES/AS	5.00	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
2024	$272,335	$166,686	$423,965	$105,649
2023	$147,203	$141,283	$350,304	$5,920
2022	$134,319	$106,887	$393,826	$27,432
2021	$143,461	$108,960	$414,349	$34,501
2020	$124,287	$156,959	$405,014	$-32,672

BLUEWELL VOLUNTEER FIRE DEPARTMENT