MONROE VOLUNTEER FIRE DEPARTMENT # 1 INC (EIN 061015524) - 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

1923

Legal Domicile

Principal Officer

WILLIAM DAVIN

Phone

2034522827

Tax Period

2023-07-01 to 2024-06-30

MONROE VOLUNTEER FIRE DEPARTMENT # 1 INC, founded in 1923, is a small nonprofit in the Public Safety sector that reported $361K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $340K left a modest 6% surplus.

Mission

THE OBJECTIVE OF THE MONROE FIRE DEPARTMENT NO. 1, INCORPORATED IS TO PROVIDE AID IN THE PRESERVATION AND PROTECTION FROM DAMAGE AND DESTRUCTION BY FIRE AND OTHER EMERGENCIES OF THE PROPERTIES WITHIN THE LIMITS OF SUCH, IN ANY PORTION OF THE TOWN OF MONROE, CONNECTICUT.

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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 $317,212

Program Service Revenue $0

Investment Income $43,476

Other Revenue $0

TOTAL REVENUE $360,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $337,247

Other Expenses $340,097

TOTAL EXPENSES $340,097

Year-over-Year Comparison

	2023	2022	Change
Revenue	$360,688	$382,039	-0.1%
Expenses	$340,097	$325,332	+0.0%
Net Income	$20,591	$56,707	-0.6%

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
WILLIAM DAVIN	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHRIS KRIZE	FINANCIAL OFFICER	10.00	Officer Director	$0	$0	$0
MATTHEW JAMISON	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
ROBERT KLEIN	MEMBER AT LARGE	10.00	Officer Director	$0	$0	$0
KEVIN KATALANO	DEPUTY CHIEF	10.00	Officer Director	$0	$0	$0
MATTHEW GILL	SECRETARY	5.00	Officer Director	$0	$0	$0
JOE MCNELLIS	DEPUTY CHIEF	10.00	Officer Director	$0	$0	$0
ROBERT JONES	FINANCIAL OFFICER THRU 06/2023	10.00	Officer Director	$0	$0	$0
JOSHUA KRIZE	CHIEF THRU 06/2023	5.00	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	$360,688	$340,097	$807,211	$20,591
2023	$382,039	$325,332	$779,233	$56,707
2022	$296,836	$313,769	$705,913	$-16,933
2021	$305,913	$274,983	$754,702	$30,930
2020	$307,659	$251,764	$758,319	$55,895
2019	$354,076	$270,512	$672,493	$83,564
2018	$335,446	$341,531	$610,071	$-6,085

MONROE VOLUNTEER FIRE DEPARTMENT # 1 INC