HARWINTON VOLUNTEER FIRE DEPARTMENT INCORPORATION (EIN 061290332) - 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

1944

Legal Domicile

Principal Officer

Terrence Ferrarotti

Phone

8604859336

Tax Period

2025-01-01 to 2025-12-31

HARWINTON VOLUNTEER FIRE DEPARTMENT INCORPORATION, founded in 1944, is a small nonprofit in the Public Safety sector that reported $143K in total revenue in fiscal year 2025. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $206K exceeded revenue, resulting in a 44% operating deficit.

Mission

Provide Fire and Emergency protection to residents of Harwinton, Ct and surrounding towns.

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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 (2025)

Revenue Breakdown

Contributions & Grants $107,385

Program Service Revenue $0

Investment Income $15,910

Other Revenue $19,578

TOTAL REVENUE $142,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $205,844

Other Expenses $205,844

TOTAL EXPENSES $205,844

Year-over-Year Comparison

	2025	2024	Change
Revenue	$142,873	$221,448	-0.4%
Expenses	$205,844	$168,624	+0.2%
Net Income	$-62,971	$52,824	-2.2%

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
Dave Bousquet	Deputy Chief	10	Officer	$0	$0	$0
Peter Thierry	Secretary/ Asst. Treasurer	10	Officer	$0	$0	$0
Stephen MacDonald	Treasurer	0	Officer	$0	$0	$0
TERRENCE FERRAROTTI	CHIEF	10	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	$142,873	$205,844	$495,758	$-62,971
2024	$221,448	$168,624	$558,729	$52,824
2023	$218,337	$166,149	$505,905	$52,188
2022	$185,115	$165,354	$453,717	$19,761
2021	$320,702	$136,440	$433,956	$184,262

HARWINTON VOLUNTEER FIRE DEPARTMENT INCORPORATION