PENNINGTON FIRE COMPANY INC (EIN 222245920) - 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

1984

Legal Domicile

Principal Officer

MICHAEL ACKERSON

Phone

6097370381

Tax Period

2023-01-01 to 2023-12-31

PENNINGTON FIRE COMPANY INC, founded in 1984, is a small nonprofit in the Public Safety sector that reported $289K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $47K, a strong 16% operating margin.

Mission

PROVIDING FIRE PROTECTION AND EMERGENCY SERVICES TO PENNINGTON, HOPEWELL AND THE SURROUNDING AREAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $186,340

Program Service Revenue $0

Investment Income $49

Other Revenue $102,786

TOTAL REVENUE $289,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $204,460

Other Expenses $242,407

TOTAL EXPENSES $242,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$289,175	$241,839	+0.2%
Expenses	$242,407	$211,730	+0.1%
Net Income	$46,768	$30,109	+0.6%

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
MICHAEL ACKERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOMMY BLACKWELL	TRUSTEE	1.00	Director	$0	$0	$0
ROGER DEMARESKI	FIRE CHIEF	1.00	Officer Director	$0	$0	$0
ROBERT DIFALCO	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
PETE HALLOCK	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN HOFACKER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN O'CONNOR	SECRETARY	1.00	Officer Director	$0	$0	$0
MATTHEW POLLACK	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA RADICE	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT SCHAUB	COMMISSIONER	1.00	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	No data	No data	No data	No data
2023	$289,175	$242,407	$2,777,957	$46,768
2022	$241,839	$211,730	$2,580,617	$30,109
2021	$341,801	$171,629	$2,564,416	$170,172
2020	$245,163	$145,166	$2,454,645	$99,997
2019	$186,235	$169,445	$2,411,883	$16,790
2018	$251,385	$167,291	$2,542,700	$84,094

PENNINGTON FIRE COMPANY INC