PHELPS VOLUNTEER FIRE DEPARTMENT I… - Form 990 Financial Data

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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

1951

Legal Domicile

Phone

3155483862

Tax Period

2023-01-01 to 2023-12-31

PHELPS VOLUNTEER FIRE DEPARTMENT INC, founded in 1951, is a micro nonprofit in the Public Safety sector that reported $71K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $85K exceeded revenue, resulting in a 19% operating deficit.

Mission

PHELPS VOLUNTEER FIRE DEPARTMENT, INC. IS A 501(C)(3) NOT-FOR-PROFIT CORPORATION FORMED TO PROVIDE FIRE PROTECTION SERVICES TO THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $73,656

PROVIDED FIRE PROTECTION SERVICES TO THE TOWN OF PHELPS AND TRAINED AND EQUIPPED MEMBERS TO DO SO AND RESPONDED TO 176 FIRE CALLS IN 2023.

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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 $35,765

Program Service Revenue $0

Investment Income $324

Other Revenue $34,829

TOTAL REVENUE $70,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,656

Other Expenses $76,738

TOTAL EXPENSES $84,561

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,918	$55,961	+0.3%
Expenses	$84,561	$82,136	+0.0%
Net Income	$-13,643	$-26,175	-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

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

$12,997

Total Directors

$61,701

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT DUNPHY	BOARD MEMBER	1.00	Director	$0	$0	$48,704
PHILIP FRERE	Treasurer	4.00	Officer Director	$0	$0	$12,195
TOM ASSELTA	Vice President	3.00	Officer Director	$0	$0	$802
BRANDON DEBAERE	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT TYMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE VIENNA	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE DEBAERE	Secretary	3.00	Officer Director	$0	$0	$0
RONALD NIESKES	President	4.00	Officer Director	$0	$0	$0
HOWARD HUGHSON	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$70,918	$84,561	$596,706	$-13,643
2022	$55,961	$82,136	$610,349	$-26,175
2021	$52,874	$65,573	$636,524	$-12,699
2020	$35,817	$70,447	$649,223	$-34,630

PHELPS VOLUNTEER FIRE DEPARTMENT INC