WESTBROOK CHEMICAL ENGINE CO NO 1 (EIN 066063410) - 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

1947

Legal Domicile

Principal Officer

MATTHEW CANOVA

Phone

8603999492

Tax Period

2024-01-01 to 2024-12-31

WESTBROOK CHEMICAL ENGINE CO NO 1, founded in 1947, is a micro nonprofit that reported $78K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $68K left a modest 14% surplus.

Mission

TO PROVIDE FIRE PROTECTION AND EMERGENCY SERVICES TO THE RESIDENTS OF WESTBROOK,CT AND TO PROVIDE SCHOLARSHIPS TO HIGH SCHOOL STUDENTS IN THE COMMUNITY ON A NON-DISCRIMINATORY BASIS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,715

Program Service Revenue $0

Investment Income $46,729

Other Revenue $24,932

TOTAL REVENUE $78,376

Expense Breakdown

Grants Paid $9,590

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,486

Other Expenses $58,190

TOTAL EXPENSES $67,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,376	$69,995	+0.1%
Expenses	$67,780	$62,775	+0.1%
Net Income	$10,596	$7,220	+0.5%

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
DAVID SKAU	OFFICER	10.00	Officer	$0	$0	$0
CLIFFORD SPENCER JR	ASST. CHIEF	10.00	Officer	$0	$0	$0
PETER THOMAS	OFFICER	10.00	Officer	$0	$0	$0
ALEXANDER ALONZO	Treasurer	10.00	Officer	$0	$0	$0
STACEY ROYCE	Secretary	10.00	Officer	$0	$0	$0
MATTHEW CANOVA	CHIEF	10.00	Officer	$0	$0	$0
MICHAEL LECZA	DEPUTY CHIEF	10.00	Officer	$0	$0	$0
CHRISTIAN VELAZQUEZ	OFFICER	10.00	Officer	$0	$0	$0
MORGAN BARRETT	OFFICER	10.00	Officer	$0	$0	$0
TYLER MATERSON	OFFICER	10.00	Officer	$0	$0	$0
BRIAN NOYES	OFFICER	10.00	Officer	$0	$0	$0
BRIAN WILSON	OFFICER	10.00	Officer	$0	$0	$0
RALPH BUCK	OFFICER	10.00	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
2024	$78,376	$67,780	$933,879	$10,596
2023	$69,995	$62,775	$925,050	$7,220
2022	$99,635	$35,118	$920,799	$64,517
2021	$83,546	$111,864	$856,282	$-28,318
2020	$62,685	$21,658	$884,600	$41,027
2019	$104,955	$27,083	$843,573	$77,872
2018	$81,368	$27,373	$765,701	$53,995

WESTBROOK CHEMICAL ENGINE CO NO 1