HARMONVILLE FIRE COMPANY NO 1 (EIN 231694322) - 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

1924

Legal Domicile

Principal Officer

MICHAEL MCGUIGAN

Phone

6108280836

Tax Period

2023-01-01 to 2023-12-31

HARMONVILLE FIRE COMPANY NO 1, founded in 1924, is a community nonprofit in the Public Safety sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 139% from the prior year, signaling strong growth momentum. The organization ran a surplus of $287K, a strong 24% operating margin.

Mission

VOLUNTEER FIRE COMPANY PLYMOUTH TOWNSHIP, MONTGOMERY COUNTY, PENNSYLVANIA

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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 $1,022,675

Program Service Revenue $32,700

Investment Income $105,373

Other Revenue $15,752

TOTAL REVENUE $1,176,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,079

Fundraising Expenses $6,705

Program Expenses $833,677

Other Expenses $654,968

TOTAL EXPENSES $889,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,176,500	$492,596	+1.4%
Expenses	$889,047	$904,169	0.0%
Net Income	$287,453	$-411,573	-1.7%

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

$14,102

Total Directors

$20,415

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCGUIGAN	PRESIDENT	7.00	Officer	$1,465	$0	$1,465
JIM TOTH SR	VICE PRESIDENT	7.00	Officer	$915	$0	$915
WALT KROSKY	TREASURER	7.00	Officer	$0	$0	$0
JIM MCGLINCHEY	FINL SECT	2.00	Officer	$11,722	$0	$11,722
KELSEY FORSYTH	RECORDING SECT	2.00	Officer	$0	$0	$0
DAVID MCGUIGAN	TRUSTEE	4.00	Director	$10,505	$0	$10,505
KEVIN LAWRENCE	TRUSTEE	4.00	Director	$380	$0	$380
MICHAEL STURM	TRUSTEE	4.00	Director	$9,135	$0	$9,135
JIM BEHR	TRUSTEE	4.00	Director	$395	$0	$395
MICHAEL CONSORTE	TRUSTEE	4.00	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	$1,176,500	$889,047	$4,670,419	$287,453
2022	$492,596	$904,169	$4,400,358	$-411,573
2021	$940,055	$904,998	$4,836,283	$35,057
2020	$808,112	$824,163	$4,814,537	$-16,051
2019	$629,475	$728,803	$4,842,723	$-99,328
2018	$938,857	$583,221	$4,953,103	$355,636

HARMONVILLE FIRE COMPANY NO 1