GOOD WILL FIRE COMPANY OF BRIDGEPORT PA (EIN 230635520) - 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

1915

Legal Domicile

Principal Officer

MICHAEL GALLAGHER

Phone

6102758985

Tax Period

2023-01-01 to 2023-12-31

GOOD WILL FIRE COMPANY OF BRIDGEPORT PA, founded in 1915, is a small nonprofit in the Public Safety sector that reported $101K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $97K left a modest 3% surplus.

Mission

VOLUNTEER FIRE COMPANY

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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 $59,935

Program Service Revenue $0

Investment Income $91

Other Revenue $40,605

TOTAL REVENUE $100,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,055

Other Expenses $97,451

TOTAL EXPENSES $97,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,631	$135,297	-0.3%
Expenses	$97,451	$95,794	+0.0%
Net Income	$3,180	$39,503	-0.9%

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

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

$11,960

Total Directors

$270

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY CONWAY	PRESIDENT	20.00	Officer	$5,260	$0	$5,260
JAY BEREDA	VICE PRESIDENT	20.00	Officer	$0	$0	$0
ALEXIS MOSER	RECORDING SECRETARY	20.00	Officer	$0	$0	$0
MIKE MILKE SR	FINANCIAL SECRETARY	20.00	Officer	$0	$0	$0
MICHAEL GALLGHER SR	TREASURER	20.00	Officer	$6,700	$0	$6,700
RYAN LATTANZE	TRUSTEE	20.00	Director	$270	$0	$270
MICHAEL CLARK	TRUSTEE	20.00	Director	$0	$0	$0
MIKE SALMONS	TRUSTEE	20.00	Director	$0	$0	$0
CHRIS BAKER	TRUSTEE	20.00	Director	$0	$0	$0
MIKE REIGNER	TRUSTEE	20.00	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	$100,631	$97,451	$693,318	$3,180
2022	$135,297	$95,794	$690,483	$39,503
2021	$74,780	$69,942	$650,640	$4,838
2020	$63,784	$62,132	$645,196	$1,652

GOOD WILL FIRE COMPANY OF BRIDGEPORT PA