Somerset Vol Fire & Rescue Co No 1 (EIN 226177152) - 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

1963

Legal Domicile

Phone

7328462266

Tax Period

2023-01-01 to 2023-12-31

Somerset Vol Fire & Rescue Co No 1, founded in 1963, is a small nonprofit that reported $209K in total revenue in fiscal year 2023. The organization ran a surplus of $39K, a strong 19% operating margin.

Mission

Volunteer Fire Department

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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 $86,267

Program Service Revenue $0

Investment Income $7,336

Other Revenue $114,913

TOTAL REVENUE $208,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $835

Program Expenses $122,390

Other Expenses $168,918

TOTAL EXPENSES $169,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,516	$193,447	+0.1%
Expenses	$169,753	$154,869	+0.1%
Net Income	$38,763	$38,578	+0.0%

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
Jeff Eriksen	Trustee	8.00	Director	$0	$0	$0
Anthony Panchery	President	10.00	Officer	$0	$0	$0
Mike Diventi	Financial Sec.	10.00	Officer	$0	$0	$0
Chris Inzano	Vice-President	10.00	Officer	$0	$0	$0
Matt Gianotto	Treasurer	10.00	Officer	$0	$0	$0
Todd Brown	Recording Sec.	8.00	Officer	$0	$0	$0
Alan Grosso	Sgt-At-Arms	8.00	Officer	$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	$208,516	$169,753	$1,445,874	$38,763
2022	$193,447	$154,869	$1,431,797	$38,578
2021	$190,480	$139,141	$1,416,381	$51,339
2020	$181,066	$158,343	$1,437,135	$22,723

Somerset Vol Fire & Rescue Co No 1