FARMINGTON VOLUNTEER FIRE ASSOCIATION INC (EIN 223220032) - 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

1948

Legal Domicile

Principal Officer

CAROL TRAPASSO

Phone

5857389540

Tax Period

2024-01-01 to 2024-12-31

FARMINGTON VOLUNTEER FIRE ASSOCIATION INC, founded in 1948, is a community nonprofit in the Public Safety sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $298K, a strong 26% operating margin.

Mission

VOLUNTEER FIRE FIGHTING AND PREVENTION.

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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 $750,720

Program Service Revenue $0

Investment Income $170,477

Other Revenue $214,772

TOTAL REVENUE $1,135,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $62,088

Program Expenses $480,464

Other Expenses $837,851

TOTAL EXPENSES $837,851

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,135,969	$1,023,160	+0.1%
Expenses	$837,851	$742,773	+0.1%
Net Income	$298,118	$280,387	+0.1%

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
CAROL TRAPASSO	PRESIDENT	30.00	Officer Director	$0	$0	$0
DON GIROUX	VICE PRESIDE	30.00	Officer Director	$0	$0	$0
ROSALIE BONA	TREASURER	30.00	Officer Director	$0	$0	$0
ANNALIESE PARKER	SECRETARY	20.00	Officer Director	$0	$0	$0
GARY FOSTER	TRUSTEE 1	15.00	Officer Director	$0	$0	$0
KEN WALTON	TRUSTEE 2	15.00	Officer Director	$0	$0	$0
MICHELLE FINLEY	TRUSTEE 3	15.00	Officer Director	$0	$0	$0
JOHN WEIDENBORNER	CHIEF	30.00	Officer Director	$0	$0	$0
DAN WALTON	1ST ASSISTAN	20.00	Officer Director	$0	$0	$0
MATT HAUF	2ND ASSISTAN	20.00	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	$1,135,969	$837,851	$4,725,843	$298,118
2023	$1,023,160	$742,773	$4,666,306	$280,387
2022	$846,725	$681,115	$4,500,920	$165,610
2021	$752,288	$519,469	$4,444,672	$232,819
2020	$706,828	$589,383	$4,320,512	$117,445
2019	$805,947	$554,919	$3,627,623	$251,028
2018	$724,584	$503,056	$3,379,363	$221,528

FARMINGTON VOLUNTEER FIRE ASSOCIATION INC