CHESTER VOLUNTEER FIRE COMPANY 1 (EIN 226173914) - 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

EDWARD A WINDT JR

Phone

9088795511

Tax Period

2023-01-01 to 2023-12-31

CHESTER VOLUNTEER FIRE COMPANY 1, founded in 1921, is a small nonprofit that reported $381K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $435K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE CHESTER VOLUNTEER FIRE COMPANY 1 WAS ESTABLISHED AS A NON-PROFIT ORGANIZATION AND INCORPORATED ON SEPTEMBER 12, 1921 IN THE STATE OF NEW JERSEY. THE FIRE COMPANY IS AN ACTIVE VOLUNTEER FIRE DEPARTMENT WHICH PROVIDES PROTECTION SERVICES PURSUANT TO AGREEMENTS WITH THE BOROUGH OF CHESTER AND CHESTER TOWNSHIP. THE FIRE COMPANY IS PRIMARILY FUNDED BY AGREEMENTS WITH THE TWO CHESTER MUNICIPALITIES AND PUBLIC DONATIONS.

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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 $325,967

Program Service Revenue $0

Investment Income $1,385

Other Revenue $53,506

TOTAL REVENUE $380,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,505

Program Expenses $327,607

Other Expenses $434,630

TOTAL EXPENSES $434,630

Year-over-Year Comparison

	2023	2022	Change
Revenue	$380,858	$433,502	-0.1%
Expenses	$434,630	$374,551	+0.2%
Net Income	$-53,772	$58,951	-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

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
WILLIAM TAQUINTO	CHIEF 1	4.00	Officer Director	$0	$0	$0
THOMAS GREGO	CHIEF 2	4.00	Officer Director	$0	$0	$0
DANIEL TAQUINTO	CHIEF 3	4.00	Officer Director	$0	$0	$0
CHRIS DALTON	CHIEF 4	4.00	Officer Director	$0	$0	$0
CURREN LUCKE	PRESIDENT	10.00	Officer Director	$0	$0	$0
STEVE FELLER	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN NORTON	SECRETARY	10.00	Officer Director	$0	$0	$0
KAREN DILLEY	ASSISTANT SECRETARY	10.00	Officer Director	$0	$0	$0
EDWARD WINDT	TREASURER	10.00	Officer Director	$0	$0	$0
TOM FRIEND	ASSISTANT TREASURER	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	$380,858	$434,630	$1,297,227	$-53,772
2023	$375,446	$441,198	$1,243,188	$-65,752
2022	$433,502	$374,551	$1,341,204	$58,951
2021	$490,599	$446,044	$1,285,102	$44,555
2020	$786,852	$387,790	$1,188,809	$399,062
2019	$327,749	$393,749	$823,373	$-66,000
2018	$343,227	$408,881	$864,842	$-65,654

CHESTER VOLUNTEER FIRE COMPANY 1