NORTH SCITUATE FIRE DEPT NO 1 (EIN 050442909) - 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

1928

Legal Domicile

Principal Officer

JUSTIN RAMBONE

Phone

4016473372

Tax Period

2024-04-01 to 2025-03-31

NORTH SCITUATE FIRE DEPT NO 1, founded in 1928, is a small nonprofit that reported $179K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 33% operating margin.

Mission

PROTECTION OF LIVES AND PROPERTY AND THE SAFETY OF THE GENERAL PUBLIC.

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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 $205,230

Program Service Revenue $0

Investment Income $2,520

Other Revenue $-28,641

TOTAL REVENUE $179,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $116,029

Other Expenses $120,878

TOTAL EXPENSES $120,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,109	$148,851	+0.2%
Expenses	$120,878	$121,927	0.0%
Net Income	$58,231	$26,924	+1.2%

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

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
JUSTIN RAMBONE	PRESIDENT	N/A	Officer	$0	$0	$0
ADAM HOMERSTON	VICE PRESIDE	N/A	Officer	$0	$0	$0
DENNIS CHARLAND	TREASURER	N/A	Officer	$0	$0	$0
KARL PETSCHING	SECRETARY	N/A	Officer	$0	$0	$0
ADAM HEBERT	CHIEF	N/A	Officer	$0	$0	$0
SHAUN BRANCH	DEPUTY CHIEF	N/A	Officer	$0	$0	$0
DAVID LAVALLEE	DEPUTY CHIEF	N/A	Officer	$0	$0	$0
KERRY HEBERT	RESCUE CAPTA	N/A	Officer	$0	$0	$0
JOSEPH CATANZARO	FIRE CAPTAIN	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	$179,109	$120,878	$497,409	$58,231
2024	$148,851	$121,927	$439,178	$26,924
2023	$146,052	$129,343	$417,467	$16,709
2022	$127,771	$88,799	$420,664	$38,972
2021	$172,247	$195,548	$387,340	$-23,301
2020	$158,214	$157,005	$404,575	$1,209
2019	$1,200,705	$1,124,024	$397,245	$76,681

NORTH SCITUATE FIRE DEPT NO 1