THE CORNWALL VOLUNTEER FIRE DEPT (EIN 066047261) - 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

1932

Legal Domicile

Principal Officer

WILLIAM RUSS

Tax Period

2022-07-01 to 2023-06-30

THE CORNWALL VOLUNTEER FIRE DEPT, founded in 1932, is a small nonprofit in the Public Safety sector that reported $226K in total revenue in fiscal year 2022. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 31% operating margin.

Mission

CVFD IS A MADE UP ENTIRELY OF VOLUNTEERS WHO RESPONDED TO EMERGENCY MEDICAL CALLS AND FIRE/OTHER EMERGENCY CALLS IN/AND AROUND CORNWALL CONNECTICUT. CVFD PROVIDED CONTINUING EDUCATION FOR VOLUNTEERS AND EDUCATION FOR THE PUBLIC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $222,140

Program Service Revenue $0

Investment Income $4,009

Other Revenue $0

TOTAL REVENUE $226,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $11,983

Program Expenses $135,494

Other Expenses $155,744

TOTAL EXPENSES $155,744

Year-over-Year Comparison

	2022	2021	Change
Revenue	$226,149	$142,267	+0.6%
Expenses	$155,744	$151,159	+0.0%
Net Income	$70,405	$-8,892	-8.9%

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
ELIZABETH RIDGWAY	RESCUE CAPTAIN	1.00	Director	$0	$0	$0
RODNEY MACNEIL	MEMBER AT LARGE	1.00	Director	$0	$0	$0
FREDRICK SCOVILLE III	CHIEF	1.00	Director	$0	$0	$0
PATIENCE LINDHOLM	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN LAPORTA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
IRIS HERMANN	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM RUSS	PRESIDENT	1.00	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	No data	No data	No data	No data
2023	$226,149	$155,744	$728,567	$70,405
2022	$142,267	$151,159	$666,122	$-8,892
2021	$117,235	$104,359	$667,054	$12,876
2020	$121,329	$119,563	$654,178	$1,766
2019	$172,910	$132,530	$652,412	$40,380
2018	$214,415	$159,877	$612,032	$54,538

THE CORNWALL VOLUNTEER FIRE DEPT