NEWSTEAD FIRE COMPANY INC (THE)

EIN: 161595660 501(c)(3) Public Safety

AKRON, NY

Total Revenue
$594,832
Total Expenses
$353,340
Total Assets
$2,418,403
Net Assets
$2,137,853
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
NY
Principal Officer
THEODORE BUONANNO
Phone
7167968239
Tax Period
2023-01-01 to 2023-12-31

NEWSTEAD FIRE COMPANY INC (THE), founded in 1947, is a small nonprofit in the Public Safety sector that reported $595K in total revenue in fiscal year 2023. The organization ran a surplus of $241K, a strong 41% operating margin.

Mission

TO PROVIDE FIRE PROTECTION, TRAINING, EMERGENCY MEDICAL AND AMBULANCE SERVICES IN THE COMMUNITY IN WHICH THE OPERATIONS OF THE COMPANY ARE PRINCIPALLY CONDUCTED AND TO THE ADJACENT AREAS. THE ORGANIZATION ALSO OFFERS COMMUNITY SERVICE AND SUPPORT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $70,962
Program Service Revenue $448,000
Investment Income $21,054
Other Revenue $54,816
TOTAL REVENUE $594,832

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $3,028
Program Expenses $278,659
Other Expenses $353,340
TOTAL EXPENSES $353,340

Year-over-Year Comparison

2023 2022 Change
Revenue $594,832 $610,428 0.0%
Expenses $353,340 $376,081 -0.1%
Net Income $241,492 $234,347 +0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
52

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
6
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOUIS HENLEY PRESIDENT 5.00
Officer Director
$0 $0 $0
CHAD CUMMINGS VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
LYNN O'DONNELL RECORDING SECRETARY 5.00
Officer Director
$0 $0 $0
THEODORE BUONANNO TREASURER 5.00
Officer Director
$0 $0 $0
CHRISTOPHER BOWER CHIEF 10.00
Officer Director
$0 $0 $0
JAMES INFANTI FIRST ASSISTANT CHIEF 5.00
Officer Director
$0 $0 $0
MARK BARSZCZ DIRECTOR 2.00
Director
$0 $0 $0
NIK BRUNNER DIRECTOR 2.00
Director
$0 $0 $0
DOUGLAS EGLOFF DIRECTOR 2.00
Director
$0 $0 $0
DALE KRUSCHKE DIRECTOR 2.00
Director
$0 $0 $0
RICHARD REBMANN CHAIR 10.00
Director
$0 $0 $0
ERIC SPONHOLZ DIRECTOR 2.00
Director
$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 $594,832 $353,340 $2,418,403 $241,492
2022 $610,428 $376,081 $2,212,941 $234,347
2021 $520,352 $343,935 $2,016,386 $176,417
2020 $530,620 $328,127 $2,022,439 $202,493
2019 $438,522 $336,510 $1,993,984 $102,012
2018 $405,554 $320,174 $2,065,759 $85,380
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