Reliance Hose Company #1 (EIN 231580521) - 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

1923

Legal Domicile

Principal Officer

Mark Beatty

Phone

7175645734

Tax Period

2024-01-01 to 2024-12-31

Reliance Hose Company #1, founded in 1923, is a small nonprofit in the Public Safety sector that reported $156K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $62K, a strong 40% operating margin.

Mission

Volunteer fire company. Fire prevention, suppression, rescue.

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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 $113,868

Program Service Revenue $0

Investment Income $41,744

Other Revenue $0

TOTAL REVENUE $155,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $10,049

Program Expenses $68,160

Other Expenses $86,495

TOTAL EXPENSES $93,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,612	$138,475	+0.1%
Expenses	$93,656	$141,245	-0.3%
Net Income	$61,956	$-2,770	-23.4%

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
Joseph Canulli	President	10.00	Officer	$0	$0	$0
Larry Hassman	Vice-President	10.00	Officer	$0	$0	$0
Robert Patterson	Secretary	10.00	Officer	$0	$0	$0
Mark Beatty	Treasurer	10.00	Officer	$0	$0	$0
Jon Canulli	Financial Secretary	10.00	Officer	$0	$0	$0
Kelly Canulli	Trustee	5.00		$0	$0	$0
Patrick Cronen	Trustee	5.00		$0	$0	$0
Craig Powers	Trustee	5.00		$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	$155,612	$93,656	$406,219	$61,956
2023	$138,475	$141,245	$331,991	$-2,770
2022	$108,608	$56,064	$334,761	$52,544

Reliance Hose Company #1