NEW MILFORD VOLUNTEER FIRE CO #1

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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

1957

Legal Domicile

Principal Officer

CRAIG HITTEL

Phone

2012651712

Tax Period

2024-05-01 to 2025-04-30

NEW MILFORD VOLUNTEER FIRE CO #1, founded in 1957, is a micro nonprofit that reported $70K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $29K, a strong 41% operating margin.

Mission

VOLUNTEER FIREFIGHTING

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

PROVIDE AND SUPPORT FOREFIGHTING EFFORTS, TRAINING,MAINTENANCE AND EDUCATION IN THE BOROUGH OF NEW MILFORD AND SURROUNDING COMMUNITIES. PROMOTE COMMUNITY GOOD WILL AND MEMBERSHIP MORALE.

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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 $56,685

Program Service Revenue $0

Investment Income $12,327

Other Revenue $793

TOTAL REVENUE $69,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,834

Other Expenses $41,016

TOTAL EXPENSES $41,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,805	$52,448	+0.3%
Expenses	$41,016	$26,817	+0.5%
Net Income	$28,789	$25,631	+0.1%

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
DAVID STORMER	PRESIDENT	8.00	Officer	$0	$0	$0
TOM MULLIGAN	VICE PRESIDENT	8.00	Officer	$0	$0	$0
ELIE TERZIAN	SECRETARY	12.00	Officer	$0	$0	$0
CRAIG HITTEL	TREASURER	12.00	Officer	$0	$0	$0
MATHEW CALNAN	FINANCIAL SECRETARY	6.00	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
2025	$69,805	$41,016	$317,278	$28,789
2024	$52,448	$26,817	$288,489	$25,631
2023	$41,976	$39,254	$262,858	$2,722
2022	$40,792	$17,303	$260,136	$23,489
2021	$28,626	$19,359	$236,647	$9,267
2019	$46,685	$41,037	$211,080	$5,648