NEW HAVEN VOLUNTEER FIRE CORP

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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

DAVID WILCOX

Phone

3159638070

Tax Period

2024-04-01 to 2025-03-31

NEW HAVEN VOLUNTEER FIRE CORP, founded in 1948, is a small nonprofit in the Public Safety sector that reported $307K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $340K exceeded revenue, resulting in a 11% operating deficit.

Mission

VOLUNTEER FIRE DEPARTMENT THAT RESPONDS TO ACTIVE STRUCTURE FIRES, AUTO ACCIDENTS AND MEDICAL EMERGENCIES.

Program Service Accomplishments

Program 1

Expenses: $110,500 Revenue: $151,446

VOLUNTEER FIRE DEPARTMENT THAT RESPONDS TO ACTIVE STRUCTURE FIRES, AUTO ACCIDENTS AND EMS CALLS FOR THE TOWN OF NEW HAVEN AND THE SURROUDING COMMUNITIES.

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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 $155,721

Program Service Revenue $151,446

Investment Income $0

Other Revenue $0

TOTAL REVENUE $307,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $325,096

Other Expenses $340,153

TOTAL EXPENSES $340,153

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,167	$825,959	-0.6%
Expenses	$340,153	$423,822	-0.2%
Net Income	$-32,986	$402,137	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER FLEMING	SECRETARY	N/A	Officer	$0	$0	$0
SANDRA HARGRAVE	VICE PRESIDE	N/A	Officer	$0	$0	$0
DAVID WILCOX	PRESIDENT	N/A	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	$307,167	$340,153	$2,064,826	$-32,986
2024	$825,959	$423,822	$2,233,566	$402,137
2023	$259,695	$151,141	$1,843,602	$108,554
2022	$279,631	$183,330	$1,849,889	$96,301
2021	$258,390	$160,464	$2,251,599	$97,926
2020	$266,974	$206,311	$2,087,782	$60,663
2019	$250,865	$151,432	$1,980,960	$99,433