EXETER VOLUNTEER FIRE DEPARTMENT #1 INC (EIN 056012007) - 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

1944

Legal Domicile

Phone

4012953175

Tax Period

2024-01-01 to 2024-12-31

EXETER VOLUNTEER FIRE DEPARTMENT #1 INC, founded in 1944, is a small nonprofit in the Public Safety sector that reported $474K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $270K, a strong 57% operating margin.

Mission

Fire fighting services for community residents

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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 $425,439

Program Service Revenue $3,903

Investment Income $39,131

Other Revenue $5,895

TOTAL REVENUE $474,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,516

Fundraising Expenses $0

Program Expenses $204,775

Other Expenses $181,259

TOTAL EXPENSES $204,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$474,368	$330,758	+0.4%
Expenses	$204,775	$219,896	-0.1%
Net Income	$269,593	$110,862	+1.4%

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

Total Directors

Key Employees

$21,586

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT FLEISCHBEIN	DIRECTOR	10.00	Director	$0	$0	$0
NICHOLAS LITTLEFIELD	DIRECTOR	10.00	Director	$0	$0	$0
RAYMOND PEZZA	TREASURER/DIRECTOR	20.00	Officer Director	$0	$0	$0
BEN HODGSON	DIRECTOR	10.00	Director	$0	$0	$0
SCOTT D GAVITT	CHIEF	40.00	Key Emp	$21,586	$0	$21,586
THOMAS BILODEAU	VICE PRESIDENT	20.00	Officer	$0	$0	$0
STEPHEN PERSHAW	PRESIDENT/DIRECTOR	20.00	Officer	$0	$0	$0
GEORGE CHASSE	SECRETARY	20.00	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
2024	$474,368	$204,775	$4,699,589	$269,593
2023	$330,758	$219,896	$4,429,996	$110,862
2022	$421,618	$250,888	$4,319,135	$170,730
2021	$284,233	$149,859	$4,148,405	$134,374
2020	$278,621	$181,066	$4,014,031	$97,555
2019	$295,190	$197,658	$3,916,476	$97,532
2018	$356,168	$194,473	$3,818,944	$161,695

EXETER VOLUNTEER FIRE DEPARTMENT #1 INC