PALERMO VOLUNTEER FIRE CORPORATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

ROBERT LOOMIS

Phone

3155933195

Tax Period

2024-03-01 to 2025-02-28

PALERMO VOLUNTEER FIRE CORPORATION, founded in 1950, is a small nonprofit in the Public Safety sector that reported $297K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $63K, a strong 21% operating margin.

Mission

THE CORPORATION IS ORGANIZED TO PROVIDE FIRE PROTECTION SERVICES AS WELL AS ASSIST OSWEGO COUNTY 911 DISPATCH IN FIRE RELATED MATTERS.

Program Service Accomplishments

Program 1

Expenses: $229,664 Revenue: $235,475

TO PROVIDE FIRE PROTECTION SERVICES TO THE TOWN OF PALERMO AS WELL ASTO EDUCATE THE RESIDENTS OF THE TOWN IN ALL FIRE SAFETY MATTERS. RESPONDED TO 394 CALLS IN THE CALENDAR YEAR, HOSTED ACTIVITIES...

TO PROVIDE FIRE PROTECTION SERVICES TO THE TOWN OF PALERMO AS WELL ASTO EDUCATE THE RESIDENTS OF THE TOWN IN ALL FIRE SAFETY MATTERS. RESPONDED TO 394 CALLS IN THE CALENDAR YEAR, HOSTED ACTIVITIES SUCH AS PALERMO COMMUNITY DAY IN CONJUNCTION WITH A LOCAL METHODIST CHURCH, LAW ENFORCEMENT AGENCIES AND OTHER COMMUNITY GROUPS. PROVIDED FIRE PREVENTION MATERIALS TO THE LOCAL ELEMENTARY SCHOOLS. SPONSORED THE ANNUAL HALLOWEEEN TRUNK AND TREAT WITH A LOCAL CHURCH. HOSTED TRIPS FOR STUDENTS OF PRE-KINDERGARTEN CLASSES TO TOUR THE FIRE STATION, AND INSTRUCTED CPR CLASSES FOR COMMUNITY GROUP MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $58,088

Program Service Revenue $235,475

Investment Income $3,200

Other Revenue $0

TOTAL REVENUE $296,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $229,664

Other Expenses $234,095

TOTAL EXPENSES $234,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,763	$247,445	+0.2%
Expenses	$234,095	$164,494	+0.4%
Net Income	$62,668	$82,951	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE LACY	PRESIDENT	6.00	Officer	$0	$0	$0
CARL PETRIE	VICE PRESIDENT/TREASURER	26.00	Officer	$0	$0	$0
PAUL FALBO	ASST TREASURER/EXEC BOARD	12.00	Officer	$0	$0	$0
STACY TARBELL	SECRETARY/EXEC BOARD	3.00	Officer	$0	$0	$0
ELIZABETH PACHOUD	ASST SECRETARY	6.00	Officer	$0	$0	$0
DON HOUGH	EXECUTIVE BOARD	10.00	Officer	$0	$0	$0
MATTHEW HERRINGTON	EXECUTIVE BOARD/LIEUT	10.00	Officer	$0	$0	$0
MARK JOSS	CHIEF	14.00	Officer	$0	$0	$0
ANDREW DENERY	ASSISTANT CHIEF	20.00	Officer	$0	$0	$0
MATT STEPHENSON	ASSISTANT CHIEF	18.00	Officer	$0	$0	$0
ROBERT LOOMIS	CAPTAIN	4.00	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	$296,763	$234,095	$1,227,054	$62,668
2024	$247,445	$164,494	$1,240,498	$82,951
2024	$263,127	$311,824	$1,121,628	$-48,697
2023	$267,127	$311,824	$1,236,040	$-44,697
2022	$239,870	$236,044	$1,346,452	$3,826
2021	$221,977	$218,749	$1,089,379	$3,228
2020	$221,197	$197,696	$1,110,457	$23,501