OLD SAYBROOK FIRE COMPANY NO1 INC (EIN 061009393) - 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

1963

Legal Domicile

Principal Officer

JOE JOHNSON

Phone

8603953149

Tax Period

2023-07-01 to 2024-06-30

OLD SAYBROOK FIRE COMPANY NO1 INC, founded in 1963, is a small nonprofit that reported $164K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $74K, a strong 45% operating margin.

Mission

VOLUNTEER FIRE COMPANY

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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 (2023)

Revenue Breakdown

Contributions & Grants $114,818

Program Service Revenue $0

Investment Income $30,621

Other Revenue $18,382

TOTAL REVENUE $163,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,615

Program Expenses $84,050

Other Expenses $89,867

TOTAL EXPENSES $89,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$163,821	$187,144	-0.1%
Expenses	$89,867	$62,214	+0.4%
Net Income	$73,954	$124,930	-0.4%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN BAGNATI	CAPTAIN	10.00	Officer Director	$0	$0	$0
JOE JOHNSON	CHIEF	10.00	Officer Director	$0	$0	$0
BILL DECAPUA	ASST CAPTAIN	10.00	Officer Director	$0	$0	$0
TONY CRONIN	Secretary	10.00	Officer Director	$0	$0	$0
STEVE LESKO	President	10.00	Officer Director	$0	$0	$0
PAUL LISTORTI	LIEUTENANT	3.00	Director	$0	$0	$0
JOHN GUARNACCIA	LIEUTENANT	3.00	Director	$0	$0	$0
NATE MINEGAR	LIEUTENANT	3.00	Director	$0	$0	$0
TOM HEINSSEN SR	LIEUTENANT	3.00	Director	$0	$0	$0
TODD STEWARD	CAPTAIN	3.00	Officer Director	$0	$0	$0
DAVE MACNEILL	Treasurer	10.00	Officer Director	$0	$0	$0
CHARLIE MAXSON	LIEUTENANT	10.00	Director	$0	$0	$0
JEFF WORMAN	LIEUTENANT	3.00	Director	$0	$0	$0
WILL HEINEY	ASST CHIEF	10.00	Officer 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	$163,821	$89,867	$1,110,504	$73,954
2023	$187,144	$62,214	$1,035,515	$124,930
2022	$119,349	$56,059	$978,085	$63,290
2021	$75,083	$39,137	$895,777	$35,946
2020	$63,898	$61,267	$859,831	$2,631
2019	$115,174	$69,097	$857,200	$46,077

OLD SAYBROOK FIRE COMPANY NO1 INC