EXETER VOLUNTEER FIRE COMPANY NO 2

EIN: 056009543 501(c)(3)

EXETER, RI

Total Revenue
$238,317
Total Expenses
$129,409
Total Assets
$3,283,557
Net Assets
$3,283,557
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
RI
Principal Officer
MATT SCHULDE
Phone
4013977688
Tax Period
2023-04-01 to 2024-03-31

EXETER VOLUNTEER FIRE COMPANY NO 2, founded in 1945, is a small nonprofit that reported $238K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $109K, a strong 46% operating margin.

Mission

TO PROVIDE FIRE PROTECTION FOR RESIDENTS OF EXETER RI AND OTHERS, RESPONDING TO FIRES, ACCIDENTS, RESCUES, SEARCHES AND OTHER EMERGENCIES.

Program Service Accomplishments

Program 1
Expenses: $125,574 Revenue: $216,127

TO PROVIDE FIRE PROTECTION FOR RESIDENTS OF EXETER RI AND OTHERS, RESPONDING TO FIRES, ACCIDENTS, RESCUES, SEARCHES AND OTHER EMERGENCIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,227
Program Service Revenue $216,127
Investment Income $18,963
Other Revenue $0
TOTAL REVENUE $238,317

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,300
Fundraising Expenses $0
Program Expenses $125,574
Other Expenses $109,109
TOTAL EXPENSES $129,409

Year-over-Year Comparison

2023 2022 Change
Revenue $238,317 $276,182 -0.1%
Expenses $129,409 $153,664 -0.2%
Net Income $108,908 $122,518 -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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
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
6
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT SCHULDE PRESIDENT N/A
Officer Director
$0 $0 $0
HENRY WRIGHT FIRST VICE P N/A
Officer Director
$0 $0 $0
DARLENE FLETCHER SECOND VICE N/A
Officer Director
$0 $0 $0
LINDA L WALL SECRETARY N/A
Officer Director
$0 $0 $0
JACQUELINE HENDERSON TREASURER N/A
Officer Director
$0 $0 $0
ROBERT C FRANKLIN CHIEF N/A
Officer
$0 $0 $0
THOMAS SAWICKY TRUSTEE N/A
Director
$0 $0 $0
SCOTT KETTELLE TRUSTEE N/A
Director
$0 $0 $0
HAL MORGAN TRUSTEE N/A
Director
$0 $0 $0
ROBERT SLATER TRUSTEE N/A
Director
$0 $0 $0
JOSEPH ANCTIL TRUSTEE N/A
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
2025 No data No data No data No data
2024 $238,317 $129,409 $3,283,557 $108,908
2023 $276,182 $153,664 $3,251,942 $122,518
2022 $195,823 $110,390 $3,126,324 $85,433
2021 $184,309 $81,579 $3,040,891 $102,730
2020 $188,376 $84,093 $2,938,161 $104,283
2019 $182,463 $82,169 $2,833,878 $100,294
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