INDEPENDENT FIRE COMPANY #1 (EIN 222088769) - 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

1912

Legal Domicile

Principal Officer

WILLIAM REISS

Phone

8567791335

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENT FIRE COMPANY #1, founded in 1912, is a micro nonprofit in the Public Safety sector that reported $64K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $79K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO SERVE THE RESIDENTS OF THE TOWNSHIP OF MAPLE SHADE, NJ AS A FIRE COMPANY.

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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 $33,113

Program Service Revenue $31,095

Investment Income $0

Other Revenue $0

TOTAL REVENUE $64,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,480

Program Expenses $48,504

Other Expenses $78,981

TOTAL EXPENSES $78,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,208	$91,480	-0.3%
Expenses	$78,981	$98,410	-0.2%
Net Income	$-14,773	$-6,930	+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
BEN CALLAHAN	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
WILLIAM REISS	TREASURER	8.00	Officer Director	$0	$0	$0
TIM MILLER	SECRETARY	8.00	Officer Director	$0	$0	$0
VINCENT VOIRO	PRESIDENT	8.00	Officer 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	$64,208	$78,981	$662,372	$-14,773
2023	$91,480	$98,410	$677,145	$-6,930
2022	$89,309	$81,408	$684,075	$7,901
2021	$70,285	$74,275	$676,174	$-3,990
2020	$86,421	$69,645	$680,164	$16,776
2019	$93,004	$99,924	$663,388	$-6,920
2018	$91,945	$76,695	$670,308	$15,250

INDEPENDENT FIRE COMPANY #1