WEST GREENWICH VOLUNTEER FIRE COMPANY NO 1 (EIN 050370777) - 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

1995

Legal Domicile

Principal Officer

DENNIS M BUCCO

Phone

4013977519

Tax Period

2024-07-01 to 2025-06-30

WEST GREENWICH VOLUNTEER FIRE COMPANY NO 1, founded in 1995, is a small nonprofit in the Public Safety sector that reported $345K in total revenue in fiscal year 2024. Expenses of $307K left a modest 11% surplus.

Mission

FIRE FIGHTING AND RESCUE SERVICES IN THE TOWN OF WEST GREENWICH

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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 $215,216

Program Service Revenue $21,846

Investment Income $40

Other Revenue $108,150

TOTAL REVENUE $345,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,939

Fundraising Expenses $0

Program Expenses $307,442

Other Expenses $263,503

TOTAL EXPENSES $307,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$345,252	$344,635	+0.0%
Expenses	$307,442	$295,578	+0.0%
Net Income	$37,810	$49,057	-0.2%

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

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

$14,948

Total Directors

$16,075

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN MORTON	PRESIDENT	2.00	Officer Director	$4,012	$0	$4,012
BENJAMIN LONNGREN	VICE PRESIDE	2.00	Officer Director	$728	$0	$728
DENNIS M BUCCO	TREASURER	5.00	Officer Director	$10,028	$0	$10,028
PETER CELANI	SECRETARY	2.00	Officer Director	$180	$0	$180
GARY OATLEY	DIRECTOR	1.00	Director	$315	$0	$315
DAN ANDREWS	DIRECTOR	1.00	Director	$272	$0	$272
PAUL LANOIE	DIRECTOR	1.00	Director	$540	$0	$540

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	$345,252	$307,442	$452,724	$37,810
2024	$344,635	$295,578	$422,891	$49,057
2023	$408,093	$401,010	$381,505	$7,083
2022	$574,871	$632,280	$382,988	$-57,409
2021	$521,528	$555,135	$440,397	$-33,607
2020	$458,328	$548,327	$474,004	$-89,999
2019	$418,470	$469,444	$564,003	$-50,974

WEST GREENWICH VOLUNTEER FIRE COMPANY NO 1