TAGHKANIC FIRE COMPANY NO 1 INC

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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

1944

Legal Domicile

Principal Officer

CARMEN NERO

Phone

5188515931

Tax Period

2024-01-01 to 2024-12-31

TAGHKANIC FIRE COMPANY NO 1 INC, founded in 1944, is a small nonprofit in the Public Safety sector that reported $303K in total revenue in fiscal year 2024. Expenses of $260K left a modest 14% surplus.

Mission

TO PROVIDE FIRE AND RESCUE SERVICES IN THE TOWNS OF TAGHKANIC AND GALLATIN NEW YORK AND ELSEWHERE AS MUTUAL AID REQUIRES.

Program Service Accomplishments

Program 1

Expenses: $256,925 Revenue: $250,814

ACTIVITIES INVLOVED WITH RESPONDING TO CALLS FOR EMERGENCIES.

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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 $51,930

Program Service Revenue $238,730

Investment Income $12,084

Other Revenue $0

TOTAL REVENUE $302,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $256,925

Other Expenses $259,627

TOTAL EXPENSES $259,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,744	$284,903	+0.1%
Expenses	$259,627	$217,665	+0.2%
Net Income	$43,117	$67,238	-0.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR GRIFFITH	CHAIRMAN	1.00	Director	$0	$0	$0
ANTHONY LASALVIA	DIRECTOR	1.00	Director	$0	$0	$0
PAUL NOSTRAND	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY BROWNE	PRESIDENT	10.00	Officer	$0	$0	$0
ANDREW SOLTANO	VICE PRESIDENT	10.00	Officer	$0	$0	$0
CARMEN NERO	TREASURER	10.00	Officer	$0	$0	$0
ARTHUR MCGUIRE	SECRETARY	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
2025	No data	No data	No data	No data
2024	$302,744	$259,627	$2,889,650	$43,117
2023	$284,903	$217,665	$2,958,441	$67,238
2022	$284,773	$201,358	$2,936,010	$83,415
2021	$202,865	$155,400	$2,880,489	$47,465
2020	$192,779	$115,194	$2,907,412	$77,585
2019	$194,806	$133,521	$2,593,804	$61,285