GOODWILL HOSE CO NO 3 (EIN 230636769) - 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

1905

Legal Domicile

Principal Officer

Treasurer

Phone

2157888770

Tax Period

2024-01-01 to 2024-12-31

GOODWILL HOSE CO NO 3, founded in 1905, is a small nonprofit that reported $251K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $325K exceeded revenue, resulting in a 30% operating deficit.

Mission

Volunteer fire fighting

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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 $62,865

Program Service Revenue $0

Investment Income $240

Other Revenue $187,540

TOTAL REVENUE $250,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $323,167

Other Expenses $325,357

TOTAL EXPENSES $325,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,645	$269,594	-0.1%
Expenses	$325,357	$248,834	+0.3%
Net Income	$-74,712	$20,760	-4.6%

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

N/A

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
Patrick Crossan	President	8.00	Officer	$0	$0	$0
Larry Monte	2nd Vice President	8.00	Officer	$0	$0	$0
Scott Russell	Trustee	8.00	Officer	$0	$0	$0
Orlando Cruz	Trustee	8.00	Director	$0	$0	$0
William Beatty	Trustee	8.00	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	$250,645	$325,357	$3,147,452	$-74,712
2023	$269,594	$248,834	$3,222,164	$20,760
2022	$247,259	$260,599	$3,201,404	$-13,340
2021	$215,159	$225,664	$3,216,698	$-10,505
2020	$127,488	$180,123	$3,014,343	$-52,635
2019	$232,493	$254,723	$3,160,348	$-22,230
2018	$254,118	$306,377	$3,248,679	$-52,259

GOODWILL HOSE CO NO 3