Randolph Chemical Engine Co No 2 Inc (EIN 226051673) - 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

1934

Legal Domicile

Phone

9733666780

Tax Period

2023-01-01 to 2023-12-31

Randolph Chemical Engine Co No 2 Inc, founded in 1934, is a small nonprofit in the Public Safety sector that reported $160K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $80K, a strong 50% operating margin.

Mission

THE ORGANIZATION IS A VOLUNTEER FIRE DEPARTMENT WHICH IS COMPRISED SOLELY OF VOLUNTEER FIREMEN. THE ORGANIZATION OWNS AND OPERATES A FIREHOUSE WHICH HOUSES FIRE ENGINES AND FIRE PREVENTION EQUIPMENT. THE FIREHOUSE IS ALSO UTILIZED FOR ORGANIZATIONAL MEETINGS, TRAINING SESSIONS FOR ITS MEMBERS, AND FOR FIRE PREVENTION EDUCATION FOR THE PUBLIC. THE ORGANIZATION AND ITS MEMBERS ALSO PROVIDE EDUCATIONAL SEMINARS FOR THE GENERAL PUBLIC AT TOWNSHIP SCHOOLS.

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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 $104,249

Program Service Revenue $0

Investment Income $5,919

Other Revenue $49,418

TOTAL REVENUE $159,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,277

Program Expenses $59,178

Other Expenses $79,516

TOTAL EXPENSES $79,516

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,586	$112,122	+0.4%
Expenses	$79,516	$109,024	-0.3%
Net Income	$80,070	$3,098	+24.8%

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

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
David Pedrick	Trustee	2.00	Officer Director	$0	$0	$0
Louis Asbaty	Treasurer	3.00	Officer Director	$0	$0	$0
Scott McGlashan	President	3.00	Officer Director	$0	$0	$0
Robert Turner	Secretary	2.00	Officer Director	$0	$0	$0
Marc Weber	Trustee	2.00	Officer Director	$0	$0	$0
Mark Forstenhausler	Trustee	2.00	Officer Director	$0	$0	$0
Luis Bandeira	Trustee	2.00	Officer Director	$0	$0	$0
William Wagner	Treasurer	3.00	Officer Director	$0	$0	$0
Ted Carman	Vice President	2.00	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	$159,586	$79,516	$1,003,997	$80,070
2022	$112,122	$109,024	$923,927	$3,098
2021	$116,159	$60,819	$920,829	$55,340
2020	$150,597	$55,721	$865,489	$94,876
2019	$94,373	$67,587	$770,613	$26,786
2018	$113,471	$72,593	$743,827	$40,878

Randolph Chemical Engine Co No 2 Inc