ROCKLEDGE VOLUNTEER FIRE COMPANY NO 1 (EIN 231501122) - 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

1903

Legal Domicile

Principal Officer

Jeffrey Aungst

Phone

2153798740

Tax Period

2024-01-01 to 2024-12-31

ROCKLEDGE VOLUNTEER FIRE COMPANY NO 1, founded in 1903, is a small nonprofit that reported $317K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $102K, a strong 32% operating margin.

Mission

PROVIDE FIRE FIGHTING SERVICES AND FIRE PREVENTION EDUCATION IN THE BOROUGH OF ROCKLEDGE AND SURROUNDING MUTUAL AID 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 $115,417

Program Service Revenue $0

Investment Income $72,109

Other Revenue $129,727

TOTAL REVENUE $317,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $550

Fundraising Expenses $3,071

Program Expenses $211,971

Other Expenses $211,421

TOTAL EXPENSES $215,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$317,253	$268,878	+0.2%
Expenses	$215,042	$213,066	+0.0%
Net Income	$102,211	$55,812	+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

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

$550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN MORRIS	TREASURER	2	Officer	$300	$0	$300
EUGENE CLARKE	RECORDING AND FINANCIAL SECRETARY	3	Officer	$250	$0	$250
JEFF AUNGST	PREISDENT DIRECTOR	2	Officer Director	$0	$0	$0
JOSEPH COSTELLO	DIRECTOR	2	Director	$0	$0	$0
KERRY CONDON	DIRECTOR	2	Director	$0	$0	$0
TIMOTHY BROOKS	CHIEF AND DIRECTOR	2	Officer Director	$0	$0	$0
TYLER DERMER	DIRECTOR	2	Director	$0	$0	$0
WILLIAM FOXALL	DIRECTOR	2	Director	$0	$0	$0
PAUL RADETZKY	DIRECTOR	2	Director	$0	$0	$0
KENNETH COSTELLO	DIRECTOR	2	Director	$0	$0	$0
FRANK DERMER	DIRECTOR VICE PRESIDENT	2	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	$317,253	$215,042	$1,089,912	$102,211
2023	$268,878	$213,066	$987,701	$55,812
2022	$199,994	$140,205	$931,889	$59,789
2021	$161,973	$86,312	$872,100	$75,661
2020	$160,952	$101,255	$796,439	$59,697

ROCKLEDGE VOLUNTEER FIRE COMPANY NO 1