THORNDALE VOLUNTEER FIRE CO INC (EIN 231328776) - 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

1939

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

THORNDALE VOLUNTEER FIRE CO INC, founded in 1939, is a small nonprofit in the Public Safety sector that reported $554K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

THE EXEMPT PURPOSE OF THE THORNDALE VOLUNTEER FIRE CO IS TO PROVIDE FIRE PROTECTION AND PUBLIC SAFETY TO CALN TOWNSHIP LOCATED IN CHESTER COUNTY, PENNSYLVANIA AND SURROUNDING COMMUNITIES.

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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 $224,702

Program Service Revenue $274,336

Investment Income $303

Other Revenue $54,872

TOTAL REVENUE $554,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,922

Fundraising Expenses $5,871

Program Expenses $335,519

Other Expenses $432,750

TOTAL EXPENSES $549,672

Year-over-Year Comparison

	2023	2022	Change
Revenue	$554,213	$607,730	-0.1%
Expenses	$549,672	$439,746	+0.2%
Net Income	$4,541	$167,984	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH WAGNER	TRUSTEE	5.00	Director	$0	$0	$0
PATRICK SELLERS	TRUSTEE	5.00	Director	$0	$0	$0
RICHARD BOYCE	TRUSTEE	5.00	Director	$0	$0	$0
PATRICK TAYLOR	FIRE CHIEF	30.00	Officer	$0	$0	$0
DAN PRITCHETT	MEMBERSHIP SECRETARY	5.00	Officer	$0	$0	$0
JOHN VALVARDI	VICE PRESIDENT	5.00	Officer	$0	$0	$0
DAVID BENTLEY III	PRESIDENT	10.00	Officer	$0	$0	$0
REGINA ROBERTS	RECORDING SECRETARY	5.00	Officer	$0	$0	$0
BRYAN LONG	TREASURER	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	$554,213	$549,672	$569,117	$4,541
2022	$607,730	$439,746	$592,623	$167,984
2021	$416,362	$472,007	$451,504	$-55,645
2020	$379,143	$408,839	$526,845	$-29,696
2019	$555,952	$538,610	$590,948	$17,342
2018	$620,004	$528,192	$609,291	$91,812

THORNDALE VOLUNTEER FIRE CO INC