RADNOR FIRE COMPANY OF WAYNE INC (EIN 230998665) - 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

1906

Legal Domicile

Phone

6106873245

Tax Period

2023-01-01 to 2023-12-31

RADNOR FIRE COMPANY OF WAYNE INC, founded in 1906, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

THROUGH PROVIDING FIRE AND AMBULANCE SERVICES TO ITS COMMUNITY MEMBERS RADNOR FIRE COMPANY OF WAYNE, INC. PROTECTS THE LIVES AND PROPERTY OF AREA RESIDENTS AND ASSISTS FIRE COMPANIES FROM OTHER COMMUNITIES WHEN CALLED UPON.

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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 $1,574,151

Program Service Revenue $611,396

Investment Income $546,775

Other Revenue $8,816

TOTAL REVENUE $2,741,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,742,973

Fundraising Expenses $0

Program Expenses $2,591,595

Other Expenses $1,241,411

TOTAL EXPENSES $3,128,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,741,138	$2,520,868	+0.1%
Expenses	$3,128,158	$2,542,718	+0.2%
Net Income	$-387,020	$-21,850	+16.7%

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

$10,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT P KLINGER	Treasurer	20.00	Officer	$8,000	$0	$8,000
DEBORAH RILEY	Secretary	2.00	Officer	$2,500	$0	$2,500
MATTHEW MCCLOSKEY	Director	5.00	Director	$0	$0	$0
JARED SCOTT	Director	5.00	Director	$0	$0	$0
RODNEY BYRD	Director	5.00	Director	$0	$0	$0
DOUGLAS FELSKE	Director	5.00	Director	$0	$0	$0
JOHN SCHREMS	Director	5.00	Director	$0	$0	$0
JOHN STATTS	Director	5.00	Director	$0	$0	$0
HARRY HOPLAMAZIAN	Director	5.00	Director	$0	$0	$0
FRANCIS IACOBUCCI	Director	5.00	Director	$0	$0	$0
EAMON BRAZUNAS	Director	5.00	Director	$0	$0	$0
GREGORY AMATO	Vice President	5.00	Officer	$0	$0	$0
JAMES J KELLY JR	President	10.00	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	$2,741,138	$3,128,158	$6,383,588	$-387,020
2022	$2,520,868	$2,542,718	$6,837,938	$-21,850
2021	$2,486,471	$2,297,500	$6,664,599	$188,971
2020	$2,412,006	$2,155,576	$6,570,689	$256,430
2019	$2,002,613	$1,863,823	$6,248,544	$138,790
2018	$1,897,932	$1,734,607	$6,192,629	$163,325

RADNOR FIRE COMPANY OF WAYNE INC