BELMONT VOLUNTEER FIRE DEPT INC

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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

1954

Legal Domicile

Phone

3046657401

Tax Period

2024-01-01 to 2024-12-31

BELMONT VOLUNTEER FIRE DEPT INC, founded in 1954, is a small nonprofit in the Public Safety sector that reported $144K in total revenue in fiscal year 2024. Expenses of $126K left a modest 13% surplus.

Mission

FIRE SUPPRESSION, RESCUE AND AUTO ACCIDENT RESPONSE, TRAINING PUBLIC ON FIRST AID AND CPR

Program Service Accomplishments

Program 1

Expenses: $123,478 Revenue: $142,008

PROVIDE FIRE PROTECTION AND RESCUE SERVICES, AS WELL AS TRAINING FOR CHILDREN AND ADULTS.

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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 $143,978

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $143,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,085

Program Expenses $123,478

Other Expenses $125,563

TOTAL EXPENSES $125,563

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,978	$148,379	0.0%
Expenses	$125,563	$163,707	-0.2%
Net Income	$18,415	$-15,328	-2.2%

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
WILLIAM HYRE	CHIEF	15.00	Officer	$0	$0	$0
JAMES RIGGS	TREASURER	10.00	Officer	$0	$0	$0
TJ BULLMAN	SECRETARY	10.00	Officer	$0	$0	$0
RYAN TUCKER	VICE PRESIDENT	10.00	Officer	$0	$0	$0
ROBBY BINEGAR	PRESIDENT	15.00	Officer	$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	$143,978	$125,563	$734,927	$18,415
2023	$148,379	$163,707	$735,899	$-15,328
2022	$208,168	$296,684	$786,440	$-88,516
2021	$204,610	$67,181	$672,426	$137,429
2020	$121,092	$66,576	$585,193	$54,516