INDEPENDENT HOSE COMPANY NO 1 (EIN 231698537) - 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

1902

Legal Domicile

Principal Officer

DENNIS KILPATRICK

Phone

5703980531

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT HOSE COMPANY NO 1, founded in 1902, is a micro nonprofit that reported $68K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $87K exceeded revenue, resulting in a 29% operating deficit.

Mission

PROVIDE FIRE PROTECTION & RESCUE SERVICES TO THE BOROUGH OF JERSEY SHORE, PA AND SURROUNDING COMMUNITIES

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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 $35,636

Program Service Revenue $0

Investment Income $16,957

Other Revenue $15,103

TOTAL REVENUE $67,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,099

Program Expenses $0

Other Expenses $84,259

TOTAL EXPENSES $87,358

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,696	$131,010	-0.5%
Expenses	$87,358	$64,931	+0.3%
Net Income	$-19,662	$66,079	-1.3%

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
D KILPATRICK	PRESIDENT	5.00	Officer	$0	$0	$0
D MARTIN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
C RHINEHART	RECD SECRETRAY	1.00	Officer	$0	$0	$0
B FIORETTI	FIN SECRETARY	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$67,696	$87,358	$2,260,512	$-19,662
2022	$131,010	$64,931	$2,220,277	$66,079
2021	$159,144	$68,094	$2,188,495	$91,050
2020	$69,398	$69,566	$2,097,335	$-168
2019	$92,100	$55,499	$2,097,622	$36,601
2018	$176,874	$76,518	$2,101,992	$100,356

INDEPENDENT HOSE COMPANY NO 1