ELLWOOD VOLUNTEER FIRE CO NO 1 (EIN 161543228) - 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

1921

Legal Domicile

Principal Officer

Jamie Olson

Phone

7168747679

Tax Period

2023-01-01 to 2023-12-31

ELLWOOD VOLUNTEER FIRE CO NO 1, founded in 1921, is a micro nonprofit in the Human Services sector that reported $62K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $111K exceeded revenue, resulting in a 80% 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 (2023)

Revenue Breakdown

Contributions & Grants $58,330

Program Service Revenue $0

Investment Income $98

Other Revenue $3,267

TOTAL REVENUE $61,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,703

Other Expenses $111,103

TOTAL EXPENSES $111,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,695	$73,796	-0.2%
Expenses	$111,103	$62,123	+0.8%
Net Income	$-49,408	$11,673	-5.2%

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	Role	Reportable Comp	Other Comp	Total
Brian Nigro	Chief	Officer	$0	$0	$0
Jamie Olson	Treasurer	Officer	$0	$0	$0
Zack Mc Fadden	1st Asst. Chief	Officer	$0	$0	$0
ROBERT CARNCROSS	Secretary	Officer	$0	$0	$0
Ryan McDonald	2nd Asst. Chief	Officer	$0	$0	$0
John Bresnock	President	Officer	$0	$0	$0
Matt McDonald	Captain	Officer	$0	$0	$0
Matt Esposito	Captain	Officer	$0	$0	$0
Vincent Christiano	Vice President	Officer	$0	$0	$0
Patrick Stillwell	Sgt. at arms	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	No data	No data	No data	No data
2023	$61,695	$111,103	$142,712	$-49,408
2022	$73,796	$62,123	$192,120	$11,673
2021	$64,008	$69,163	$180,447	$-5,155
2018	$81,712	$46,383	$138,686	$35,329

ELLWOOD VOLUNTEER FIRE CO NO 1