Chebeague Island Fire & Rescue Assn

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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

2021

Legal Domicile

Principal Officer

RALPH MUNROE

Phone

2078318567

Tax Period

2022-01-01 to 2022-12-31

Chebeague Island Fire & Rescue Assn, founded in 2021, is a small nonprofit in the Public Safety sector that reported $276K in total revenue in fiscal year 2022. The organization ran a surplus of $272K, a strong 98% operating margin.

Mission

The Associations Mission is to promote and serve the Chebeague Fire-Rescue Department and its members by assisting in recruiting and retaining members; supporting the department by raising and spending funds on deserving non-budget items; enhancing department morale by supporting and acknowledging members performance and contributions; fostering and enhancing community support and respect for the department.

Program Service Accomplishments

Program 1

Expenses: $3,589

In 2022, the association support the Fire-Rescue Department by paying for training expenses - lodging, food and tuition. We also reimbursed members of the Fire and Rescue Dept for food that members purchased and prepared for Assn business meetings in 2022 The first official meeting of the Assn was held 10/4/22.

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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 (2022)

Revenue Breakdown

Contributions & Grants $288,320

Program Service Revenue $0

Investment Income $-11,834

Other Revenue $0

TOTAL REVENUE $276,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $32

Program Expenses $3,589

Other Expenses $4,224

TOTAL EXPENSES $4,224

Year-over-Year Comparison

	2022	2021	Change
Revenue	$276,486	N/A	N/A
Expenses	$4,224	N/A	N/A
Net Income	$272,262	N/A	N/A

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

N/A

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
RALPH MUNROE	President	1.50	Officer	$0	$0	$0
ALFRED E RUNGE JR	SEC & TREAS	4.00	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
2022	$276,486	$4,224	$282,547	$272,262