THOMASTON VOLUNTEER FIRE DEPARTMENTINC (EIN 061068026) - 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

1979

Legal Domicile

Principal Officer

GLENN CLARK

Phone

8602835588

Tax Period

2024-02-01 to 2025-01-31

THOMASTON VOLUNTEER FIRE DEPARTMENTINC, founded in 1979, is a small nonprofit that reported $142K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

The Thomaston Fire Department is an all-volunteer department that provides protection and emergency response to the residents of Thomaston, CT.

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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 $107,446

Program Service Revenue $0

Investment Income $4

Other Revenue $34,475

TOTAL REVENUE $141,925

Expense Breakdown

Grants Paid $4,373

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,733

Other Expenses $136,360

TOTAL EXPENSES $140,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$141,925	$131,258	+0.1%
Expenses	$140,733	$100,768	+0.4%
Net Income	$1,192	$30,490	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN CLARK	PRESIDENT	10.00	Director	$0	$0	$0
ALLAN OLIVERO	SECRETARY	10.00	Director	$0	$0	$0
JAMES WILSON	TREASURER	10.00	Director	$0	$0	$0
JAMES O'NEIL SR	DIRECTOR	2.00	Director	$0	$0	$0
JOHN ALBRECHT	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN GREENE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SHYPINKA	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT NORTON	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW PRONOVOST	DIRECTOR	2.00	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	$141,925	$140,733	$198,814	$1,192

THOMASTON VOLUNTEER FIRE DEPARTMENTINC