THE VOLUNTEER FIRE DEPARTMENT OF P… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

MIKE GUASTAFERRI

Phone

2037743492

Tax Period

2023-07-01 to 2024-06-30

THE VOLUNTEER FIRE DEPARTMENT OF PROSPECT INC, founded in 1945, is a small nonprofit that reported $511K in total revenue in fiscal year 2023.

Mission

PROVIDE FIRE AND EMERGENCY SERVICES, INCLUDING 911 COVERAGE, FOR THE TOWN OF PROSPECT, CT.

Program Service Accomplishments

Program 1

Expenses: $383,942

FIRE PROTECTION AND EMERGENCY SERVICES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $527,053

Program Service Revenue $0

Investment Income $7,469

Other Revenue $-23,645

TOTAL REVENUE $510,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,596

Fundraising Expenses $0

Program Expenses $456,562

Other Expenses $477,608

TOTAL EXPENSES $532,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$510,877	$528,440	0.0%
Expenses	$532,204	$603,716	-0.1%
Net Income	$-21,327	$-75,276	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

Employees

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
MIKE GUASTAFERRI	FIRE CHIEF	N/A	Officer	$0	$0	$0
MICHAEL MAGGIORE	SECRETARY	N/A	Officer	$0	$0	$0
DYLAN SLOSS	ASSISTANT CH	N/A	Officer	$0	$0	$0
KYLE TOURNAS	TREASURER	N/A	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	No data	No data	No data	No data
2024	$510,877	$532,204	$719,201	$-21,327
2023	$528,440	$603,716	$686,789	$-75,276
2022	$502,856	$460,288	$767,174	$42,568
2021	$495,473	$558,066	$744,766	$-62,593
2020	$471,672	$475,942	$808,113	$-4,270
2019	$502,564	$410,252	$814,914	$92,312
2018	$477,639	$458,059	$727,959	$19,580

THE VOLUNTEER FIRE DEPARTMENT OF PROSPECT INC