NEW VERNON VOLUNTEER FIRE DEPARTMENT (EIN 226053492) - 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

1921

Legal Domicile

Principal Officer

DANIEL GINGERICH

Phone

9735381277

Tax Period

2023-01-01 to 2023-12-31

NEW VERNON VOLUNTEER FIRE DEPARTMENT, founded in 1921, is a small nonprofit that reported $576K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $203K, a strong 35% operating margin.

Mission

TO PROVIDE FIREFIGHTING AND FIRST AID SERVICES TO THE RESIDENTS AND BUSINESSES OF THE COMMUNITY

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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 $451,861

Program Service Revenue $0

Investment Income $171,971

Other Revenue $-48,286

TOTAL REVENUE $575,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $11,648

Program Expenses $294,796

Other Expenses $372,446

TOTAL EXPENSES $372,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$575,546	$434,790	+0.3%
Expenses	$372,446	$365,474	+0.0%
Net Income	$203,100	$69,316	+1.9%

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

125

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
TOM HEYL	PRESIDENT FIRE CO	1.00	Officer Director	$0	$0	$0
MATTHEW MINAIAN	SECRETARY AND VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DAN GINGERICH	TREASURER	1.00	Officer Director	$0	$0	$0
WARD CANNON	CHIEF, FIRE COMPANY	1.00	Officer Director	$0	$0	$0
SEAN MARCHEV	DELEGATE AT LARGE	1.00	Director	$0	$0	$0
GEORGE BARRY	PRESIDENT FAS	1.00	Officer Director	$0	$0	$0
KEVIN MURPHY	CAPTAIN, FIRST AID SQUAD	1.00	Officer Director	$0	$0	$0
LARRY WEPLER	DELEGATE AT LARGE	1.00	Director	$0	$0	$0
JOE NALLY	TRUSTEE	1.00	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	$575,546	$372,446	$7,335,256	$203,100
2022	$434,790	$365,474	$6,578,139	$69,316
2021	$907,251	$302,875	$7,329,179	$604,376
2020	$709,401	$548,477	$6,399,844	$160,924
2019	$605,814	$293,684	$5,929,662	$312,130
2018	$678,617	$596,025	$5,109,045	$82,592

NEW VERNON VOLUNTEER FIRE DEPARTMENT