CARMEL FIRE DEPARTMENT INC
Mission Statement
The Carmel Fire Department is committed to serving the community with the highest level of life and property protection. We will achieve this by providing excellent and compassionate service in an atmosphere that encourages innovation, professional development and diversity. The mission of the Fire Department is to protect the lives and property of the people of Carmel from fires, natural disasters, and hazardous materials incidents; to save lives by providing emergency medical services; to prevent fires through prevention and education programs; and to provide a work environment that values cultural diversity and is free of harassment and discrimination. We provide quality service, professional fire protection and life safety to meet the needs of our community. Our values are: Diversity, Strength through diversity; Respect, Trust, support and honor both internal and external; Teamwork, Our team members are our most valuable assets; Service, We strive for excellence. The Carmel Fire Department is made up of a group of dedicated personnel that represent the diversity of the community. These persons work every day of the year to improve the quality of service provided to the community. I am proud to serve this community with the quality of persons that personally give so much back to the community. Our Mission: To protect the quality of life for present and future generations through interaction with our community, compassionate service and an atmosphere that encourages innovation, professionalism, and diversity.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
62.7% | 92.7% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
37.3% | 6.4% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 1.7% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
41.6 mo | 12.6 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
35.2% | 13.2% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
93.2% | 93.7% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
7.4% | 11.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
88.0% | 10.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-19.5% | 5.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.9M | $2.3M | $8.0M | 62.7% | 0 |
| 2023 | $1.8M | $1.2M | $8.7M | 91.6% | 0 |
| 2022 | $1.8M | $1.2M | $8.2M | 92.5% | 0 |
| 2021 | $1.1M | $594K | N/A | — | 0 |
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