OYSTER BAY FIRE CO NO 1 INC (EIN 116038977) - 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

1922

Legal Domicile

Principal Officer

ANTHONY DECAROLIS

Phone

5166507861

Tax Period

2023-01-01 to 2023-12-31

OYSTER BAY FIRE CO NO 1 INC, founded in 1922, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 3% surplus.

Mission

TO PROMOTE THE SOCIAL WELFARE AND WELL-BEING OF THE COMMUNITY VIA FIRE FIGHTING, FIRE PROTECTION, FIRE SAFETY, FIRE EDUCATION AND EMERGENCY MEDICAL SERVICES TO GOVERNMENT ENTITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $26,590

Program Service Revenue $1,211,718

Investment Income $44,255

Other Revenue $37,685

TOTAL REVENUE $1,320,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,000

Fundraising Expenses $0

Program Expenses $1,049,006

Other Expenses $1,216,392

TOTAL EXPENSES $1,274,772

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,320,248	$1,001,545	+0.3%
Expenses	$1,274,772	$970,400	+0.3%
Net Income	$45,476	$31,145	+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

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

$3,000

Total Directors

$4,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG BARBER	TRUSTEE	5.00	Director	$0	$1,000	$1,000
STEVEN O'NEILL	TRUSTEE	5.00	Director	$0	$1,000	$1,000
DARYL RANALDO	TRUSTEE	5.00	Director	$0	$1,000	$1,000
FRANK ZANGARI	TRUSTEE	5.00	Director	$0	$1,000	$1,000
ARMAND D'AMATO	SECRETARY	5.00	Officer	$0	$1,000	$1,000
CHRISTOPHER PERRY	FORMER TREASURER	0.00	Officer	$0	$1,000	$1,000
ANTHONY DECAROLIS	TREASURER	10.00	Officer	$0	$0	$0
NICOLE PANTINA	FINANCIAL SECRETARY	5.00	Officer	$0	$1,000	$1,000
THOMAS RAHILLY JR	CHIEF	20.00	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	No data	No data	No data	No data
2023	$1,320,248	$1,274,772	$7,803,649	$45,476
2022	$1,001,545	$970,400	$8,154,140	$31,145
2021	$765,815	$908,729	$8,135,545	$-142,914
2020	$1,313,711	$812,313	$8,244,165	$501,398
2019	$1,027,183	$885,598	$7,834,270	$141,585
2018	$960,758	$527,005	$7,781,002	$433,753

OYSTER BAY FIRE CO NO 1 INC