GOODWILL FIRE CO (EIN 231697601) - 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

PAUL SWAVELY

Phone

6108452000

Tax Period

2023-01-01 to 2023-12-31

GOODWILL FIRE CO, founded in 1924, is a small nonprofit that reported $133K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Net assets of $512K represent 46 months of operating reserves.

Mission

THE PURPOSE OF WHICH THIS CORPORATION IS FORMED IS FOR THE MAINTENANCE AND SUPPORT OF A FIRE STATION OF THE EASTERN BERKS FIRE DEPARTMENT AND TO PROTECT THE LIFE AND PROPERTY OF OUR FELLOW

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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 $6,424

Program Service Revenue $0

Investment Income $1,735

Other Revenue $124,832

TOTAL REVENUE $132,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,964

Fundraising Expenses $0

Program Expenses $84,854

Other Expenses $92,302

TOTAL EXPENSES $144,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$132,991	$140,221	-0.1%
Expenses	$144,266	$135,937	+0.1%
Net Income	$-11,275	$4,284	-3.6%

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
PAUL SWAVELY	PRESIDENT	30.00	Officer	$0	$0	$0
GEORGE NAYLOR	V. PRESIDENT	5.00	Officer	$0	$0	$0
DUANE HOFFMAN	RECORDING SEC	5.00	Officer	$0	$0	$0
GLENN MUTTER	TREASURER	5.00	Officer	$0	$0	$0
ZAK GERHART	FINANCIAL SEC	5.00	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	$132,991	$144,266	$517,879	$-11,275
2022	$140,221	$135,937	$529,945	$4,284
2021	$100,577	$137,648	$525,018	$-37,071
2020	$64,602	$84,998	$561,506	$-20,396

GOODWILL FIRE CO