FAME FIRE COMPANY OF WEST CHESTER

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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

1838

Legal Domicile

Principal Officer

MIKE MCCARTHY

Phone

6106925404

Tax Period

2023-01-01 to 2023-12-31

FAME FIRE COMPANY OF WEST CHESTER, founded in 1838, is a small nonprofit in the Public Safety sector that reported $512K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $274K, a strong 54% operating margin.

Mission

FAME FIRE COMPANY OF WEST CHESTER IS ONE OF THREE 100% VOLUNTEER FIRE COMPANIES THAT MAKE UP THE WEST CHESTER FIRE DEPARTMENT

Program Service Accomplishments

Program 1

Expenses: $211,353

FAME FIRE COMPANY OF WEST CHESTER IS ONE OF THREE 100% VOLUNTEER FIRE COMPANIES THAT MAKE UP THE WEST CHESTER FIRE DEPARTMENT. THE WCFD TOGETHER PROVIDES FIRE AND RESCUE SERVICES TO THE RESIDENTS OF WEST CHESTER, THORNBURY TOWNSHIP (CHESTER COUNTY), AND PORTIONS OF WEST GOSHEN, WESTTOWN, BIRMINGHAM AND EAST BRADFORD TOWNSHIPS. THE WEST CHESTER FIRE DISTRICT COVERS ABOUT 26.5 SQUARE MILES. AS THE COMMUNITY HAS GROWN, SO HAS THE DEMAND FOR AN EXPANDING SET OF EMERGENCY SERVICES.

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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 $473,551

Program Service Revenue $7,100

Investment Income $3,891

Other Revenue $27,276

TOTAL REVENUE $511,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13,722

Program Expenses $211,353

Other Expenses $233,421

TOTAL EXPENSES $237,384

Year-over-Year Comparison

	2023	2022	Change
Revenue	$511,818	$1,443,782	-0.6%
Expenses	$237,384	$210,390	+0.1%
Net Income	$274,434	$1,233,392	-0.8%

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

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
MIKE MCCARTHY	PRESIDENT	10.00	Officer Director	$0	$0	$0
C MICHAEL MCDONALD	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LIZ FIX	SECRETARY	1.00	Officer Director	$0	$0	$0
JULIE MCCARTHY	TREASURER	5.00	Officer Director	$0	$0	$0
DAVE THOMAS	ASSISTANT TR	2.00	Officer Director	$0	$0	$0
DREW RING	MEMBERSHIP S	2.00	Officer Director	$0	$0	$0
JIM LEON	TRUSTEE	5.00	Director	$0	$0	$0
MARK MCCARTHY	TRUSTEE	3.00	Director	$0	$0	$0
MATT COHEN	TRUSTEE	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$511,818	$237,384	$5,401,892	$274,434
2022	$1,443,782	$210,390	$6,451,857	$1,233,392
2021	$391,218	$235,610	$3,958,174	$155,608
2020	$1,088,053	$103,208	$3,849,662	$984,845
2019	$215,793	$99,237	$2,109,057	$116,556
2018	$178,087	$96,273	$1,875,113	$81,814