Gibbsboro Fire Company No 1 (EIN 223723604) - 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

1932

Legal Domicile

Principal Officer

Rob Schmitz

Phone

6093132748

Tax Period

2023-01-01 to 2023-12-31

Gibbsboro Fire Company No 1, founded in 1932, is a micro nonprofit in the Public Safety sector that reported $75K in total revenue in fiscal year 2023. Expenses of $92K exceeded revenue, resulting in a 23% operating deficit.

Mission

To provide excellent fire protection to the Borough of Gibbsboro, New Jersey and the surrounding communities.

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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 $74,859

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $74,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,038

Other Expenses $92,297

TOTAL EXPENSES $92,297

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,861	$71,615	+0.0%
Expenses	$92,297	$65,849	+0.4%
Net Income	$-17,436	$5,766	-4.0%

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
Rob Schmitz	President	10.00	Officer Director	$0	$0	$0
Bill Fox	Vice President	10.00	Officer Director	$0	$0	$0
Matt Schmitz	Financial Secretary	10.00	Officer Director	$0	$0	$0
Mike Kelly	Treasurer	10.00	Officer Director	$0	$0	$0
Ray Carlin	Secretary	10.00	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	$74,861	$92,297	$66,296	$-17,436
2022	$71,615	$65,849	$83,733	$5,766
2021	$63,571	$49,734	$77,967	$13,837
2020	$74,878	$73,483	$64,130	$1,395
2019	$72,176	$74,110	$62,734	$-1,934
2018	$96,829	$88,758	$64,668	$8,071

Gibbsboro Fire Company No 1