Farmingdale Hook & Ladder Co 1 (EIN 222098528) - 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

1905

Legal Domicile

Principal Officer

James Margetis

Phone

7329384785

Tax Period

2024-01-01 to 2024-12-31

Farmingdale Hook & Ladder Co 1, founded in 1905, is a small nonprofit in the Public Safety sector that reported $125K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $79K, a strong 63% operating margin.

Mission

Fire fighting and prevention

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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 $75,862

Program Service Revenue $0

Investment Income $20,285

Other Revenue $28,408

TOTAL REVENUE $124,555

Expense Breakdown

Grants Paid $1,097

Salaries & Benefits $0

Fundraising Expenses $163

Program Expenses $39,370

Other Expenses $44,887

TOTAL EXPENSES $45,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$124,555	$65,644	+0.9%
Expenses	$45,984	$96,791	-0.5%
Net Income	$78,571	$-31,147	-3.5%

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
William Lewis	Trustee	0.00	Director	$0	$0	$0
Joseph Heaton	Trustee	0.00	Director	$0	$0	$0
Dustin Cotta	Trustee	0.00	Director	$0	$0	$0
Dante Mangano	Assistant Secretary	5.00	Officer Director	$0	$0	$0
Dustin Brandl	Secretary	5.00	Officer Director	$0	$0	$0
Robert Lewis	Treasurer	5.00	Officer Director	$0	$0	$0
James Margetis	President	5.00	Officer Director	$0	$0	$0
Kyle Cotta	Vice President	5.00	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
2025	No data	No data	No data	No data
2024	$124,555	$45,984	$975,983	$78,571
2023	$65,644	$96,791	$884,990	$-31,147
2022	$41,950	$35,154	$916,137	$6,796
2021	$53,978	$59,837	$909,341	$-5,859
2020	$53,928	$54,775	$915,200	$-847
2019	$46,900	$63,951	$916,047	$-17,051
2018	$41,228	$33,033	$933,098	$8,195

Farmingdale Hook & Ladder Co 1