FRIENDSHIP FIRE CO NO 2

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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

1907

Legal Domicile

Phone

6105471663

Tax Period

2024-01-01 to 2024-12-31

FRIENDSHIP FIRE CO NO 2, founded in 1907, is a small nonprofit that reported $321K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Net assets of $1.2M represent 45 months of operating reserves.

Program Service Accomplishments

Program 1

Expenses: $309,647

THE FRIENDSHIP FIRE COMPANY, AN ALL-VOLUNTEER TEAM, IS FULLY COMMITTED TO PROVIDE SPECIALIZED SEARCH AND RESCUE, WATER RESCUE, UNDERWATER RECOVERY & RESCUE, ICE RESCUE AND EVIDENCE RECOVERY SERVICES TO THE CITIZENS OF CHESTER AND MONTGOMERY COUNTIES IN PA. AND SURROUNDING COMMUNITIES, AS WELL AS TO ASSIST ANY POLICE OR FIRE DEPARTMENT ANYWHERE IN NEED OF OUR SPECIALIZED SERVICES TO SERVE THE PUBLIC SAFETY WHEREVER AND WHENEVER WE MAY BE CALLED TO DO SO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,782

Program Service Revenue $655

Investment Income $24,490

Other Revenue $292,473

TOTAL REVENUE $321,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,428

Fundraising Expenses $0

Program Expenses $309,647

Other Expenses $290,393

TOTAL EXPENSES $318,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,400	$224,235	+0.4%
Expenses	$318,821	$160,564	+1.0%
Net Income	$2,579	$63,671	-1.0%

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

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
CRAIG SCHAEFFER	TREASURER	6.00	Officer Director	$0	$0	$0
ALAN GROVER	PRESIDENT FIRE HOUSE	6.00	Officer Director	$0	$0	$0
PAUL DARCANGELO	VICE PRESIDENT FH	2.00	Officer Director	$0	$0	$0
RICK SMETHERS	SECRETARY FH	2.00	Officer Director	$0	$0	$0
BRENDA LEON	TRUSTEE	2.00	Director	$0	$0	$0
DENIS BRENAN	TRUSTEE	2.00	Director	$0	$0	$0
JOE MOTZER	TRUSTEE	2.00	Director	$0	$0	$0
ERICH KINZEL	PRESIDENT SOCIAL CLUB	6.00	Officer Director	$0	$0	$0
MICHAEL SLIFER	VICE PRESIDENT SOCIAL CLUB	6.00	Officer Director	$0	$0	$0
MARIA WICKHAM	SECRETARY SOCIAL CLUB	2.00	Officer Director	$0	$0	$0
JOHN MORRISON	TRUSTEE	6.00	Director	$0	$0	$0
TRISH KINZEL	TRUSTEE	6.00	Director	$0	$0	$0
DEBBIE BRANCILEONI	TRUSTEE	6.00	Director	$0	$0	$0
SCOTT HAMRICK	CHIEF FIRE HOUSE	6.00	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	$321,400	$318,821	$1,201,495	$2,579
2022	$222,645	$166,765	$1,135,198	$55,880
2021	$316,645	$141,954	$1,079,363	$174,691
2020	$151,284	$145,915	$910,737	$5,369
2019	$200,148	$134,876	$1,655,568	$65,272
2018	$198,854	$153,926	$1,588,658	$44,928