Poland Volunteer Fire Company (EIN 161127884) - 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

1904

Legal Domicile

Principal Officer

Ted Ossont

Phone

3158267141

Tax Period

2024-01-01 to 2024-12-31

Poland Volunteer Fire Company, founded in 1904, is a small nonprofit that reported $191K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $360K exceeded revenue, resulting in a 89% operating deficit.

Mission

Fire Protection

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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 $72,549

Program Service Revenue $0

Investment Income $14,731

Other Revenue $103,531

TOTAL REVENUE $190,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,000

Fundraising Expenses $28,405

Program Expenses $0

Other Expenses $356,987

TOTAL EXPENSES $359,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,811	$491,226	-0.6%
Expenses	$359,987	$214,243	+0.7%
Net Income	$-169,176	$276,983	-1.6%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Galluzzo Sr	Chief	15	Officer	$1,000	$0	$1,000
Ted Ossont	Treasurer	7	Officer	$1,000	$0	$1,000
Lori Burritt	Former Secretary	4	Officer	$1,000	$0	$1,000
Shawn Fleming	1st Assistant Chief	2	Officer	$0	$0	$0
Mike Galluzzo Jr	Captain	2	Officer	$0	$0	$0
Gary Philips	President	1	Officer	$0	$0	$0
Jack Hasse	Vice President	1	Officer	$0	$0	$0
Kelly Wenzel	Secretary	4	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	$190,811	$359,987	$474,890	$-169,176
2023	$491,226	$214,243	$644,066	$276,983
2022	$230,124	$142,541	$367,083	$87,583
2021	$93,467	$68,728	$279,500	$24,739

Poland Volunteer Fire Company