LITTLE FERRY HOOK & LADDER COMPANY NO 1 INC (EIN 201338984) - 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

1985

Legal Domicile

Principal Officer

PAUL SCHWEDHELM

Phone

2013681004

Tax Period

2023-01-01 to 2023-12-31

LITTLE FERRY HOOK & LADDER COMPANY NO 1 INC, founded in 1985, is a micro nonprofit in the Public Safety sector that reported $34K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $38K exceeded revenue, resulting in a 12% operating deficit.

Mission

VOLUNTEER FIRE DEPARTMENT

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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 $33,193

Program Service Revenue $0

Investment Income $736

Other Revenue $0

TOTAL REVENUE $33,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,361

Program Expenses $21,028

Other Expenses $37,926

TOTAL EXPENSES $37,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,929	$28,249	+0.2%
Expenses	$37,926	$19,000	+1.0%
Net Income	$-3,997	$9,249	-1.4%

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
JOHN P SCHWEDHELM	PRESIDENT	10.00	Officer	$0	$0	$0
ROBERT AITKEN JR	SECRETARY/TRUSTEE	15.00	Officer Director	$0	$0	$0
PAUL SCHWEDHELM	TREASURER/TRUSTEE	15.00	Officer Director	$0	$0	$0
DANIEL O'SHEA	FINANCIAL SECRETARY	10.00	Officer	$0	$0	$0
BRIAN BUSICO	TRUSTEE	5.00	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
2024	No data	No data	No data	No data
2023	$33,929	$37,926	$115,078	$-3,997
2022	$28,249	$19,000	$119,075	$9,249
2021	$17,528	$21,974	$109,826	$-4,446
2020	$14,095	$14,085	$114,272	$10
2019	$24,660	$19,114	$114,262	$5,546
2018	$27,235	$15,412	$108,716	$11,823

LITTLE FERRY HOOK & LADDER COMPANY NO 1 INC