UNION FIRE CO NO 1 (EIN 222277516) - 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

2009

Legal Domicile

Principal Officer

ROBERT J HAYES JR

Phone

6093972084

Tax Period

2024-01-01 to 2024-12-31

UNION FIRE CO NO 1, founded in 2009, is a micro nonprofit that reported $90K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $86K left a modest 4% surplus.

Mission

THE UNION FIRE COMPANY #1 MISSION IS TO PROVIDE A RESOURCE TO PROMOTE THE CONTINUANCE OF LOCALIZED AND REGIONAL FIRE-FIGHTING CAPACITY, INCLUDING THE PROVISION OF EQUIPMENT STORAGE, TRAINING FACILITIES, AND WORKFORCE STAGING ON BEHALF OF THE COMMUNITY

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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 $1,170

Program Service Revenue $78,750

Investment Income $0

Other Revenue $9,704

TOTAL REVENUE $89,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,183

Fundraising Expenses $0

Program Expenses $34,118

Other Expenses $81,699

TOTAL EXPENSES $85,882

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,624	$68,104	+0.3%
Expenses	$85,882	$53,134	+0.6%
Net Income	$3,742	$14,970	-0.8%

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

N/A

Employees

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

$3,840

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG SIWY	CAPTAIN	1.00	Director	$0	$0	$0
ROBERT J HAYES	TREASURER	4.00	Officer	$3,840	$0	$3,840
GEORGE FRESCO	PRESIDENT	1.00	Officer	$0	$0	$0
DONALD HUGGINS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
NATE WALDRON	SECRETARY	1.00	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	$1,391,982	$85,882	$1,975,556	$1,306,100
2024	$89,624	$85,882	$1,975,556	$3,742
2023	$68,104	$53,134	$669,456	$14,970
2022	$101,428	$34,828	$654,366	$66,600
2021	$85,753	$49,083	$587,560	$36,670
2020	$83,675	$57,234	$550,870	$26,441
2019	$95,265	$69,870	$524,477	$25,395
2019	$95,265	$69,870	$505,057	$25,395

UNION FIRE CO NO 1