The Garrison Volunteer Fire Company Inc (EIN 141617595) - 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

1929

Legal Domicile

Principal Officer

Rodney Tudor

Tax Period

2021-01-01 to 2021-12-31

The Garrison Volunteer Fire Company Inc, founded in 1929, is a small nonprofit in the Public Safety sector that reported $176K in total revenue in fiscal year 2021. The organization ran a surplus of $70K, a strong 40% operating margin.

Mission

The Company shall provide fire and rescue services to the Town of Philipstown and the citizens of the Garrison Fire District. Promote the public safety of its citizens through the cooperation of other fire companies located in the town and surrounding areas through mutual aid.

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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 $1,750

Program Service Revenue $21,361

Investment Income $21

Other Revenue $153,100

TOTAL REVENUE $176,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $105,844

Other Expenses $105,844

TOTAL EXPENSES $105,844

Year-over-Year Comparison

	2021	2020	Change
Revenue	$176,232	$165,967	+0.1%
Expenses	$105,844	$104,896	+0.0%
Net Income	$70,388	$61,071	+0.2%

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
Hershel Goldwassher	Treasurer	Officer	$0	$0	$0
Lee Erickson	Trustee	Officer	$0	$0	$0
Chris Marrison	Secretery	Officer	$0	$0	$0
Rodney Tudor	President	Officer	$0	$0	$0
Frank Reich	Vice President	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
2021	$176,232	$105,844	$1,785,555	$70,388
2020	$165,967	$104,896	$1,828,850	$61,071
2019	$191,409	$115,953	$1,874,813	$75,456
2018	$262,067	$484,442	$1,932,103	$-222,375

The Garrison Volunteer Fire Company Inc