Flanders Fire Company #1 Inc (EIN 222402697) - 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

1925

Legal Domicile

Principal Officer

Kevin Dolan

Phone

9735847805

Tax Period

2023-01-01 to 2023-12-31

Flanders Fire Company #1 Inc, founded in 1925, is a small nonprofit in the Public Safety sector that reported $429K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Net assets of $1.0M represent 29 months of operating reserves.

Mission

To provide fure department and rescue squad services to the Township of Mt. Olive and the surrounding comunities.

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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 $413,429

Program Service Revenue $0

Investment Income $13

Other Revenue $15,963

TOTAL REVENUE $429,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $24,158

Program Expenses $345,379

Other Expenses $456,869

TOTAL EXPENSES $456,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$429,405	$328,613	+0.3%
Expenses	$456,869	$366,829	+0.2%
Net Income	$-27,464	$-38,216	-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	Role	Reportable Comp	Other Comp	Total
Tano Giacchino	Assistant Treasurer	Director	$0	$0	$0
Sean Dolan	Personnel	Director	$0	$0	$0
Erik Johansen	Assistant Personnel	Director	$0	$0	$0
Myra Garcia	Secretary	Director	$0	$0	$0
Frank Zeller	Trustee	Director	$0	$0	$0
Cathy Detoro	Trustee	Director	$0	$0	$0
Melissa Widzemok	Trustee	Director	$0	$0	$0
Scott Faluotico	President	Officer	$0	$0	$0
Joseph Abrusci	Vice President	Officer	$0	$0	$0
Kevin Dolan	Treasurer	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
2023	$429,405	$456,869	$1,550,644	$-27,464
2022	$328,613	$366,829	$1,538,119	$-38,216
2021	$326,394	$281,049	$1,604,416	$45,345
2020	$272,227	$240,061	$1,528,172	$32,166
2019	$357,912	$323,345	$1,513,029	$34,567
2018	$297,532	$335,850	$1,511,619	$-38,318

Flanders Fire Company #1 Inc