HARPSWELL NECK FIRE & RESCUE INC (EIN 010370079) - Form 990 Financial Analysis & Trantor Score

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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

1940

Legal Domicile

Principal Officer

DAVID LUCE

Phone

2078336714

Tax Period

2024-01-01 to 2024-12-31

HARPSWELL NECK FIRE & RESCUE INC, founded in 1940, is a small nonprofit in the Education sector that reported $297K in total revenue in fiscal year 2024. The organization ran a surplus of $66K, a strong 22% operating margin.

Mission

Provide scientifically supported emergency Fire & Rescue services efficiently and professionally with care and compassion.

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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 (2024)

Revenue Breakdown

Contributions & Grants $185,193

Program Service Revenue $95,643

Investment Income $15,702

Other Revenue $0

TOTAL REVENUE $296,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,299

Program Expenses $191,982

Other Expenses $230,182

TOTAL EXPENSES $230,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,538	$280,315	+0.1%
Expenses	$230,182	$235,570	0.0%
Net Income	$66,356	$44,745	+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

$10,500

Total Directors

$16,049

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE MERCIER	FIRE CHIEF	5.00	Officer Director	$6,000	$0	$6,000
HARVEY POUGH	RESCUE CHIEF	5.00	Officer Director	$4,500	$0	$4,500
NELSON BARTER	Assistant Fire	1.00	Director	$2,500	$0	$2,500
DEBRA RANDALL	Administrator	1.00	Director	$2,474	$0	$2,474
ERIC CHIPMAN	Director	1.00	Director	$575	$0	$575
REED COLES	President	2.00	Officer Director	$0	$0	$0
JACK STOKINGER	Vice President	2.00	Officer Director	$0	$0	$0
DAVID LUCE	Treasurer	2.00	Officer Director	$0	$0	$0
BILL MILLAR	Secretary	2.00	Officer Director	$0	$0	$0
SIGNE DANIEL	Director	1.00	Director	$0	$0	$0
ERIK LUSK	Director	1.00	Director	$0	$0	$0
CHRIS HEINIG	Director	1.00	Director	$0	$0	$0
RICK DANIEL	Director	1.00	Director	$0	$0	$0
LISA TRUE	Director	1.00	Director	$0	$0	$0
KATHY HICKEY	Director	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	$296,538	$230,182	$1,393,864	$66,356
2023	$280,315	$235,570	$1,320,459	$44,745
2022	$142,773	$211,754	$1,297,256	$-68,981
2021	$270,993	$200,150	$1,341,288	$70,843
2020	$307,827	$177,028	$1,270,209	$130,799
2019	$271,091	$181,827	$1,140,012	$89,264
2018	$155,534	$189,799	$1,049,191	$-34,265

HARPSWELL NECK FIRE & RESCUE INC