SEASIDE FIRE AND RESCUE ASSOCIATION

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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

1993

Legal Domicile

Principal Officer

MICHAEL R SMITH

Phone

5037385420

Tax Period

2021-01-01 to 2021-12-31

SEASIDE FIRE AND RESCUE ASSOCIATION, founded in 1993, is a small nonprofit that reported $132K in total revenue in fiscal year 2021. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $177K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROVIDE FIRE AND EMERGENCY SERVICES TO CITIZENS OF SEASIDE, OREGON

Program Service Accomplishments

Program 1

PROVIDED FIRE PROTECTION AND EMERGENCY SERVICES TO THE CITIZENS OF THE CITY OF SEASIDE, OREGON ALONG WITH PARTICIPATING IN COMMUNITY EVENTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $129,479

Program Service Revenue $0

Investment Income $0

Other Revenue $2,174

TOTAL REVENUE $131,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $175,945

TOTAL EXPENSES $176,905

Year-over-Year Comparison

	2021	2020	Change
Revenue	$131,653	$120,867	+0.1%
Expenses	$176,905	$168,772	+0.0%
Net Income	$-45,252	$-47,905	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN PARKER	PRESIDENT	005.00	Officer Director	$0	$0	$0
ADAM POZSGAI	SECRETARY	005.00	Officer Director	$0	$0	$0
MIKE SMITH	TREASURER	005.00	Officer Director	$0	$0	$0
JASON SCHERMERHORN	VICE PRESIDENT	005.00	Officer 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
2021	$131,653	$176,905	$74,474	$-45,252
2020	$120,867	$168,772	$119,726	$-47,905
2019	$202,519	$74,930	$167,631	$127,589