ALBION FIRE DISTRICT INC (EIN 056019879) - 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

1941

Legal Domicile

Principal Officer

DANIEL ADAMSKI

Phone

4013331242

Tax Period

2020-11-01 to 2021-10-31

ALBION FIRE DISTRICT INC, founded in 1941, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2020.

Mission

FIREFIGHTING AND EMERGENCY MEDICAL RESPONSE TO TAXPAYERS IN THE ALBION SECTION OF LINCOLN RI

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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 (2020)

Revenue Breakdown

Contributions & Grants $49,826

Program Service Revenue $1,320,597

Investment Income $1,256

Other Revenue $0

TOTAL REVENUE $1,371,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $939,202

Fundraising Expenses $0

Program Expenses $1,271,406

Other Expenses $437,251

TOTAL EXPENSES $1,376,453

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,371,679	$1,335,036	+0.0%
Expenses	$1,376,453	$1,373,282	+0.0%
Net Income	$-4,774	$-38,246	-0.9%

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

N/A

Employees

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

$106,867

Total Directors

$7,740

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J ALLEN	COMMISSIONER	2.00	Director	$1,548	$0	$1,548
JEAN GAGNON	VICE CHAIRPERSON	4.00	Officer Director	$1,548	$0	$1,548
DANIEL ADAMSKI	CHAIRMAN	4.00	Officer Director	$1,548	$0	$1,548
JASON GAGNON	COMMISSIONER	2.00	Director	$0	$0	$0
JOHN O'REILLY	COMMISSIONER	2.00	Director	$1,548	$0	$1,548
ANTHONY ZABATTA	COMMISSIONER	2.00	Director	$1,548	$0	$1,548
RAYMOND NEVES	TREASURER	2.00	Officer	$2,000	$0	$2,000
LOIS MOORE	DISTRICT CLERK	16.00	Officer	$10,885	$0	$10,885
RICHARD ANDREWS	CHIEF	40.00	Officer	$84,496	$6,390	$90,886
PATRICK O'DONNELL	TREASURER	2.00	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
2021	$1,371,679	$1,376,453	No data	$-4,774
2020	$1,335,036	$1,373,282	$1,776,604	$-38,246
2019	$1,301,741	$1,296,677	$1,920,008	$5,064
2018	$1,332,694	$1,254,889	$1,982,428	$77,805

ALBION FIRE DISTRICT INC