GOOD WILL FIRE DEPARTMENT INC (EIN 146025432) - 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

1948

Legal Domicile

Principal Officer

JIM WILSON

Phone

8455621129

Tax Period

2023-01-01 to 2023-12-31

GOOD WILL FIRE DEPARTMENT INC, founded in 1948, is a micro nonprofit in the Public Safety sector that reported $59K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 52% operating deficit.

Mission

FIRE FIGHTING AND RESCUE WORK

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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 $20,240

Program Service Revenue $0

Investment Income $32,500

Other Revenue $6,471

TOTAL REVENUE $59,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,574

Other Expenses $42,214

TOTAL EXPENSES $90,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,211	$75,335	-0.2%
Expenses	$90,224	$138,918	-0.4%
Net Income	$-31,013	$-63,583	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JEFF HOLMES	DIRECTOR	Director	$0	$0	$0
DENNIS PACELLA	DIRECTOR	Director	$0	$0	$0
MICHAEL MANZI	DIRECTOR	Director	$0	$0	$0
ANTHONY NOVELLA	DIRECTOR	Director	$0	$0	$0
RICHARD BARTLEY	PRESIDENT	Officer	$0	$0	$0
JIM WILSON	TREASURER	Officer	$0	$0	$0
JESSICA TAGUE	RECORDING SECRETARY	Officer	$0	$0	$0
PETER GERACI	VICE PRESIDENT	Officer	$0	$0	$0
JOSH JONES	FINANCIAL SECRETARY	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	$59,211	$90,224	$774,416	$-31,013
2022	$75,335	$138,918	$795,240	$-63,583
2021	$77,229	$69,162	$963,215	$8,067
2020	$60,214	$43,619	$928,551	$16,595
2019	$47,125	$39,711	$905,656	$7,414
2018	$106,328	$52,429	$820,621	$53,899

GOOD WILL FIRE DEPARTMENT INC