GOOD WILL FIRE COMPANY NO 2 (EIN 231520583) - 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

1833

Legal Domicile

Principal Officer

THEODORE O HARTZ

Phone

6104314366

Tax Period

2023-01-01 to 2023-12-31

GOOD WILL FIRE COMPANY NO 2, founded in 1833, is a small nonprofit that reported $167K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $159K left a modest 5% surplus.

Mission

FIREHOUSE, RESPONDING TO FIRE CALLS IN THE BOROUGH OF WEST CHESTER AND SURROUNDING COMMUNITIES. DURING 2022, THE FIRE COMPANY RESPONDED TO 589 INCIDENTS.

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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 $160,984

Program Service Revenue $0

Investment Income $5,765

Other Revenue $0

TOTAL REVENUE $166,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,000

Fundraising Expenses $8,436

Program Expenses $115,064

Other Expenses $156,921

TOTAL EXPENSES $158,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,749	$234,036	-0.3%
Expenses	$158,921	$241,098	-0.3%
Net Income	$7,828	$-7,062	-2.1%

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

$1,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THEODORE O HARTZ	PRESIDENT	8.00	Officer	$0	$0	$0
JUSTIN HAAS	VICE PRESIDENT	5.00	Officer	$0	$0	$0
LAUREN STAFFORD	RECORDING SECRETARY	1.00	Officer	$0	$500	$500
AURORA SNYDER	FINANCIAL SECRETARY	1.00	Officer	$0	$0	$0
PATRICE MCLAUGHLIN	TREASURER	3.00	Officer	$0	$500	$500
PAUL HARING	CAPTAIN	12.00	Director	$0	$0	$0
SAM COTTRELL	TRUSTEE	6.00	Director	$0	$0	$0
RYAN LEWIS	TRUSTEE	6.00	Director	$0	$0	$0
LARRY WESLEY	TRUSTEE	6.00	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	No data	No data	No data	No data
2023	$166,749	$158,921	$2,025,965	$7,828
2022	$234,036	$241,098	$2,038,270	$-7,062
2021	$242,225	$167,626	$2,075,263	$74,599
2020	$318,625	$139,704	$2,029,888	$178,921
2019	$155,289	$172,275	$1,871,657	$-16,986
2018	$104,085	$117,084	$1,903,082	$-12,999

GOOD WILL FIRE COMPANY NO 2