Wassaic Fire Company Inc (EIN 141577934) - 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

1935

Legal Domicile

Principal Officer

David Rosenberg

Tax Period

2021-01-01 to 2021-12-31

Wassaic Fire Company Inc, founded in 1935, is a small nonprofit in the Community Improvement sector that reported $130K in total revenue in fiscal year 2021. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 48% operating margin.

Mission

Volunteer fire department serving the Wassaic area in New York.

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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 (2021)

Revenue Breakdown

Contributions & Grants $37,421

Program Service Revenue $0

Investment Income $74

Other Revenue $92,063

TOTAL REVENUE $129,558

Expense Breakdown

Grants Paid $1,950

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,704

Other Expenses $65,489

TOTAL EXPENSES $67,439

Year-over-Year Comparison

	2021	2020	Change
Revenue	$129,558	$88,126	+0.5%
Expenses	$67,439	$85,417	-0.2%
Net Income	$62,119	$2,709	+21.9%

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	Role	Reportable Comp	Other Comp	Total
Susan Whalen	Corresponding Secretary	Officer Director	$0	$0	$0
Brian Whalen	Financial Secretary	Officer Director	$0	$0	$0
Kim Minniti	Recording Secretery	Officer Director	$0	$0	$0
Thomas Ackerman	Treasurer	Officer Director	$0	$0	$0
David Rosenberg	President	Officer Director	$0	$0	$0
Carol Carrow	Vice President	Officer Director	$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
2021	$129,558	$67,439	$319,531	$62,119
2020	$88,126	$85,417	$257,411	$2,709
2019	$96,654	$81,672	$254,702	$14,982

Wassaic Fire Company Inc