BATH VOLUNTEER FIRE DEPARTMENT

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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

1982

Legal Domicile

Principal Officer

PAUL WOOLARD

Phone

2529453064

Tax Period

2023-07-01 to 2024-06-30

BATH VOLUNTEER FIRE DEPARTMENT, founded in 1982, is a small nonprofit in the Public Safety sector that reported $227K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $194K left a modest 15% surplus.

Mission

VOLUNTEER FIRE DEPARTMENT

Program Service Accomplishments

Program 1

Expenses: $193,706

THE DEPARTMENT PROVIDES FIRE PROTECTION TO THE CITIZENS OF THE TOWN OF BATH AND ITS SURROUNDING AREAS WHO ARE NOT PROVIDED SUCH SERVICES BY PAID MUNICIPAL FIRE DEPARTMENTS. THE SERVICES ARE PROVIDED...

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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 $231,987

Program Service Revenue $0

Investment Income $26

Other Revenue $-4,607

TOTAL REVENUE $227,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,190

Fundraising Expenses $0

Program Expenses $193,706

Other Expenses $192,516

TOTAL EXPENSES $193,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$227,406	$272,327	-0.2%
Expenses	$193,706	$195,245	0.0%
Net Income	$33,700	$77,082	-0.6%

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
DAVID LEWIS	SECRETARY	N/A	Officer	$0	$0	$0
JAY MORGAN	PRESIDENT	N/A	Officer	$0	$0	$0
JOHN A TAYLOR	VICE PRESIDE	N/A	Officer	$0	$0	$0
PAUL WOOLARD	TREASURER	N/A	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
2025	No data	No data	No data	No data
2024	$227,406	$193,706	$796,908	$33,700
2023	$272,327	$195,245	$791,185	$77,082
2022	$188,915	$192,002	$766,581	$-3,087
2021	$219,684	$193,114	$799,346	$26,570
2020	$206,099	$161,864	$861,809	$44,235
2019	$189,587	$155,550	$709,684	$34,037