WOLCOTT VOLUNTEER FIRE DEPT CO 1 (EIN 061009851) - 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

1934

Legal Domicile

Principal Officer

SCOTT CONWAY

Phone

8606812801

Tax Period

2024-07-01 to 2025-06-30

WOLCOTT VOLUNTEER FIRE DEPT CO 1, founded in 1934, is a small nonprofit in the Public Safety sector that reported $178K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $205K exceeded revenue, resulting in a 15% operating deficit.

Mission

VOLUNTEER FIRE DEPARTMENT

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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 $178,195

Program Service Revenue $0

Investment Income $19

Other Revenue $0

TOTAL REVENUE $178,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $205,123

Other Expenses $205,123

TOTAL EXPENSES $205,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,214	$231,632	-0.2%
Expenses	$205,123	$195,409	+0.0%
Net Income	$-26,909	$36,223	-1.7%

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
EDWARD COSTA	DEPUTY CHIEF	10.00	Officer	$0	$0	$0
SCOTT CONWAY	LIEUTENANT/TREASURER	10.00	Officer	$0	$0	$0
DANIEL COSTA	CAPTAIN	5.00	Officer	$0	$0	$0
NICHOLAS ORTELLE	LIEUTENANT	5.00	Officer	$0	$0	$0
MATTHEW COSTA	LIEUTENANT/SECRETARY	10.00	Officer	$0	$0	$0
JASON VAUGHN	LIEUTENANT	5.00	Officer	$0	$0	$0
NOAH ERICSON	LIEUTENANT	5.00	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
2025	$178,214	$205,123	$100,265	$-26,909
2024	$231,632	$195,409	$127,700	$36,223

WOLCOTT VOLUNTEER FIRE DEPT CO 1