NORWOOD FIRE COMPANY 1 (EIN 222165063) - 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

1911

Legal Domicile

Principal Officer

DOMINICK CONGIUSTI

Phone

2017684094

Tax Period

2024-01-01 to 2024-12-31

NORWOOD FIRE COMPANY 1, founded in 1911, is a small nonprofit in the Public Safety sector that reported $134K in total revenue in fiscal year 2024. Net assets of $939K represent 84 months of operating reserves.

Mission

100% VOLUNTEER FIRE DEPARTMENT - FIRE FIGHTING, SAFETY INSPECTIONS, PROMOTE EDUCATION IN FIRE SAFETY.

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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 $33,157

Program Service Revenue $0

Investment Income $794

Other Revenue $100,399

TOTAL REVENUE $134,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,564

Program Expenses $20,304

Other Expenses $133,624

TOTAL EXPENSES $136,188

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,350	$137,588	0.0%
Expenses	$136,188	$139,011	0.0%
Net Income	$-1,838	$-1,423	+0.3%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOMINICK CONGIUSTI	PRESIDENT	10.00	Officer	$0	$0	$0
RICHARD HESS	VICE PRESIDE	10.00	Officer	$0	$0	$0
BERNARD J TUITE JR	TREASURER	10.00	Officer	$0	$0	$0
GARY CERBASI	CORR SECR	10.00	Officer	$0	$0	$0
MATTHEW WOOD	ATTENDANCE S	10.00	Officer	$0	$0	$0
BRIAN BOURKE	L.O.S.A.P. S	10.00	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
2024	$134,350	$136,188	$979,429	$-1,838
2023	$137,588	$139,011	$941,267	$-1,423
2022	$136,338	$142,052	$967,075	$-5,714
2021	$129,114	$131,813	$1,002,848	$-2,699
2020	$129,973	$86,326	$1,033,942	$43,647
2019	$133,893	$109,788	$1,017,101	$24,105
2018	$122,556	$130,676	$1,018,335	$-8,120

NORWOOD FIRE COMPANY 1