BERKELEY SPRINGS VOLUNTEER FIRE DEP (EIN 556021087) - 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

1950

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

BERKELEY SPRINGS VOLUNTEER FIRE DEP, founded in 1950, is a small nonprofit that reported $240K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $205K left a modest 15% surplus.

Mission

VOLUNTEER FIRE DEPARTMENT - FIRE PREVENTION AND PROTECTION OF LIFE AND PROPERTY

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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 (2023)

Revenue Breakdown

Contributions & Grants $213,421

Program Service Revenue $0

Investment Income $6,747

Other Revenue $20,078

TOTAL REVENUE $240,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,504

Other Expenses $193,676

TOTAL EXPENSES $205,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,246	$260,935	-0.1%
Expenses	$205,130	$192,334	+0.1%
Net Income	$35,116	$68,601	-0.5%

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
ZACHARY SCOTT	SECRETARY	4.00	Officer	$0	$0	$0
NOAH SIPE	VICE PRESIDENT	4.00	Officer	$0	$0	$0
CHASTON D CLATTERBUCK	PRESIDENT	4.00	Officer	$0	$0	$0
JACOB BUCHANAN	TREASURER	15.00	Officer	$0	$0	$0
JAMES STEINER	CHIEF	8.00	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	No data	No data	No data	No data
2023	$240,246	$205,130	$1,006,492	$35,116
2022	$260,935	$192,334	$886,687	$68,601
2021	$216,291	$178,498	$857,862	$37,793
2020	$216,532	$210,189	$858,694	$6,343
2019	$237,421	$198,113	$938,779	$39,308
2018	$232,914	$238,903	$934,839	$-5,989

BERKELEY SPRINGS VOLUNTEER FIRE DEP