TOWANDA FIRE DEPARTMENT (EIN 205766416) - 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

2004

Legal Domicile

Principal Officer

JARRETT SHEETS

Tax Period

2022-01-01 to 2022-12-31

TOWANDA FIRE DEPARTMENT, founded in 2004, is a micro nonprofit in the Public Safety sector that reported $11K in total revenue in fiscal year 2022. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $36K exceeded revenue, resulting in a 213% operating deficit.

Mission

TO SAVE LIFE, PROPERTY, EXTINGUISH FIRE AND SERVE THE BOROUGH OF TOWANDA AND CONTRACTED AREAS DURING EMERGENCY CONDITIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $18,720

Program Service Revenue $0

Investment Income $37

Other Revenue $-7,348

TOTAL REVENUE $11,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250

Fundraising Expenses $0

Program Expenses $35,662

Other Expenses $35,412

TOTAL EXPENSES $35,662

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,409	$31,669	-0.6%
Expenses	$35,662	$44,138	-0.2%
Net Income	$-24,253	$-12,469	+0.9%

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

N/A

Employees

N/A

Volunteers

N/A

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
DAVID WESTBROOK	TRUSTEE	Director	$0	$0	$0
GERALD IRVINE	TRUSTEE	Director	$0	$0	$0
BILL ROOF	CHIEF	Director	$0	$0	$0
DONNA NYE	PRESIDENT	Officer	$0	$0	$0
JARRETT SHEETS	VICE PREIDENT	Officer	$0	$0	$0
GEORGE WEAVER	TREASURER	Officer	$0	$0	$0
MARY WEAVER	SECRETARY	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
2022	$11,409	$35,662	$197,797	$-24,253
2021	$31,669	$44,138	$222,050	$-12,469
2020	$70,282	$67,325	$234,519	$2,957
2019	$43,816	$32,813	$231,562	$11,003
2018	$47,409	$46,007	$220,559	$1,402

TOWANDA FIRE DEPARTMENT