WHITING VOLUNTEER FIRE COMPANY NO1 (EIN 222551714) - 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

1937

Legal Domicile

Principal Officer

RICHARD ROSIN

Phone

7323504646

Tax Period

2023-01-01 to 2023-12-31

WHITING VOLUNTEER FIRE COMPANY NO1, founded in 1937, is a small nonprofit in the Public Safety sector that reported $256K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $378K exceeded revenue, resulting in a 47% operating deficit.

Mission

EXTINGUISHING FIRES,PROTECTING LIFE & PROPERTY,& EDUCATION

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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 $107,283

Program Service Revenue $22,780

Investment Income $7,575

Other Revenue $118,827

TOTAL REVENUE $256,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $320

Program Expenses $308,596

Other Expenses $377,617

TOTAL EXPENSES $377,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$256,465	$328,755	-0.2%
Expenses	$377,617	$423,814	-0.1%
Net Income	$-121,152	$-95,059	+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

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
RICHARD HEINRICHS	TRUSTEE	10.00	Director	$0	$0	$0
BOB SLOAN	TRUSTEE	10.00	Director	$0	$0	$0
MARCUS WARD	TRUSTEE	10.00	Director	$0	$0	$0
GARY SHELHIMER	PRESIDENT	20.00	Officer	$0	$0	$0
JACK COLEMAN	VICE PRESIDENT	10.00	Officer	$0	$0	$0
RICHARD ROSIN	TREASURER	40.00	Officer	$0	$0	$0
IAN ENGEL	FIRE CHIEF	40.00	Officer	$0	$0	$0
ROD SLOAN	1ST ASSISTANT CHIEF	10.00	Officer	$0	$0	$0
WILLIAM SLOAN	2ND ASSISTANT CHIEF	10.00	Officer	$0	$0	$0
TOM DONNER	CAPTAIN	10.00	Officer	$0	$0	$0
MARCUS WARD	LIEUTENANT	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$256,465	$377,617	$2,607,992	$-121,152
2022	$328,755	$423,814	$2,777,144	$-95,059
2021	$388,620	$243,712	$1,963,989	$144,908
2020	$291,016	$196,899	$1,819,081	$94,117
2019	$292,050	$249,242	$1,724,964	$42,808
2018	$440,992	$238,631	$1,682,156	$202,361

WHITING VOLUNTEER FIRE COMPANY NO1