GOODWILL FIRE COMPANY #1 (EIN 230635555) - 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

1920

Legal Domicile

Phone

7178662763

Tax Period

2024-01-01 to 2024-12-31

GOODWILL FIRE COMPANY #1, founded in 1920, is a small nonprofit that reported $311K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $423K exceeded revenue, resulting in a 36% operating deficit.

Mission

PROVIDE VOLUNTEER FIRE PROTECTION, PUBLIC SAFETY SERVICES, AND FIRE SAFETY EDUCATION TO APPROX 23,000 PEOPLE IN MYERSTOWN, PA AND THE SURROUNDING AREAS.

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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 $102,387

Program Service Revenue $0

Investment Income $-13,480

Other Revenue $222,326

TOTAL REVENUE $311,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,486

Fundraising Expenses $0

Program Expenses $422,762

Other Expenses $309,276

TOTAL EXPENSES $422,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,233	$353,358	-0.1%
Expenses	$422,762	$477,040	-0.1%
Net Income	$-111,529	$-123,682	-0.1%

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

$9,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROCK J ELLIOTT	FIN SECRETARY	10.00	Officer	$9,100	$0	$9,100
ROMAN LEHMAN	TRUSTEE	3.00	Director	$0	$0	$0
WILL HABERSTROH	TRUSTEE	3.00	Director	$0	$0	$0
JASON BRANDT	TRUSTEE	3.00	Director	$0	$0	$0
ROBERT FULLENLOVE	PRESIDENT	3.00	Officer	$0	$0	$0
LAUREN PINEGAR	TREASURER	4.00	Officer	$0	$0	$0
ANDREW PALM	VICE PRESIDENT	3.00	Officer	$0	$0	$0
AMBER PALM	RECORDING SECRETARY	3.00	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	$311,233	$422,762	$1,329,431	$-111,529
2023	$353,358	$477,040	$1,452,765	$-123,682
2022	$596,639	$512,475	$1,642,937	$84,164
2021	$448,386	$489,619	$1,599,483	$-41,233
2020	$332,029	$429,755	$1,709,672	$-97,726
2018	$419,522	$465,632	$1,621,519	$-46,110

GOODWILL FIRE COMPANY #1