NORTH MADISON VOLUNTEER FIRE CO INC

🔒

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

1969

Legal Domicile

Principal Officer

PAUL HARRIS

Phone

2034213258

Tax Period

2024-07-01 to 2025-06-30

NORTH MADISON VOLUNTEER FIRE CO INC, founded in 1969, is a small nonprofit that reported $567K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $279K, a strong 49% operating margin.

Mission

TOWN FIRE PROTECTION AND EMERGENCY SERVICES

Program Service Accomplishments

Program 1

Expenses: $138,923

SERVICES TO THE RESIDENTS OF THE TOWN OF MADISON, CT. PROVIDES FIRE PROTECTION AND EMERGENCY SERVICES FOR THE TOWN RESIDENTS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $212,242

Program Service Revenue $0

Investment Income $4,508

Other Revenue $350,485

TOTAL REVENUE $567,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $38,092

Program Expenses $174,585

Other Expenses $288,621

TOTAL EXPENSES $288,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$567,235	$460,575	+0.2%
Expenses	$288,621	$289,639	0.0%
Net Income	$278,614	$170,936	+0.6%

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

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
PAUL HARRIS	PRESIDENT	5.00	Officer	$0	$0	$0
JOHN NASSIF	TREASURER	5.00	Officer	$0	$0	$0
DAVID SINOFSKY	VICE PRESIDE	5.00	Officer	$0	$0	$0
JONATHAN STEWART	SECRETARY	5.00	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	$567,235	$288,621	$1,910,596	$278,614
2024	$460,575	$289,639	$1,665,298	$170,936
2023	$370,862	$282,478	$1,480,432	$88,384
2022	$399,691	$188,687	$1,347,498	$211,004
2021	$282,903	$215,991	$1,137,354	$66,912
2020	$182,313	$206,388	$1,097,338	$-24,075
2019	$198,630	$217,308	$1,121,413	$-18,678