GALES FERRY FIRE CO INC

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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

2001

Legal Domicile

Principal Officer

Theodore Day

Phone

8604647228

Tax Period

2025-01-01 to 2025-12-31

GALES FERRY FIRE CO INC, founded in 2001, is a small nonprofit that reported $409K in total revenue in fiscal year 2025. Revenue surged 248% from the prior year, signaling strong growth momentum. The organization ran a surplus of $283K, a strong 69% operating margin.

Mission

Respond to all fire and emergency alarms in Gales Ferry, CT and in emergency and otherwise with emergency service agencies in adjacent communities.

Program Service Accomplishments

Program 1

Expenses: $122,273 Revenue: $408,702

Respond to all fire and emergency alarms in Gales Ferry, CT and in emergency and otherwise with emergency service agencies in adjacent communities

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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 $391,001

Program Service Revenue $0

Investment Income $4,245

Other Revenue $13,456

TOTAL REVENUE $408,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,492

Fundraising Expenses $3,413

Program Expenses $122,273

Other Expenses $118,781

TOTAL EXPENSES $125,686

Year-over-Year Comparison

	2025	2024	Change
Revenue	$408,702	$117,571	+2.5%
Expenses	$125,686	$164,112	-0.2%
Net Income	$283,016	$-46,541	-7.1%

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

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
Theodore Day	Foreman	10	Officer	$0	$0	$0
Jeffrey Erhart	Fire Chief/Executive Committee	15	Officer	$0	$0	$0
Frank Cometa	Treasurer/ Executive Committee	6	Officer	$0	$0	$0
Garrett Holyfield	Secretary	1.00	Officer	$0	$0	$0
Heidi Holyfield	Executive Committee	3	Officer	$0	$0	$0
Chris Parietti	Executive Committee	2	Officer	$0	$0	$0
Daniel Hubert	Executive Committee	5	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	$408,702	$125,686	$821,975	$283,016
2024	$117,571	$164,112	$538,959	$-46,541
2023	$126,709	$122,601	$585,853	$4,108
2022	$100,347	$95,179	$582,628	$5,168
2021	$105,279	$84,525	$576,425	$20,754
2020	$97,999	$84,586	$560,678	$13,413