Glenolden Fire Company No 1 (EIN 232031670) - 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

1906

Legal Domicile

Principal Officer

Gerry McGettigan

Phone

6105838380

Tax Period

2024-01-01 to 2024-12-31

Glenolden Fire Company No 1, founded in 1906, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $173K in total revenue in fiscal year 2024. Net assets of $433K represent 30 months of operating reserves.

Mission

Volunteer fire fighting

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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 $132,356

Program Service Revenue $1,438

Investment Income $16,794

Other Revenue $22,057

TOTAL REVENUE $172,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,953

Program Expenses $158,114

Other Expenses $184,366

TOTAL EXPENSES $187,319

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,645	$167,065	+0.0%
Expenses	$187,319	$235,058	-0.2%
Net Income	$-14,674	$-67,993	-0.8%

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
Jim Daveler	Financial Sec.	8.00	Officer Director	$0	$0	$0
Jack MacVeigh	Director	8.00	Director	$0	$0	$0
Jason Wilhelm	Director	8.00	Director	$0	$0	$0
Gary Thompson	Director	8.00	Director	$0	$0	$0
Brian Righter	Director	8.00	Director	$0	$0	$0
George Hassel	Director	8.00	Director	$0	$0	$0
Michael McGowan	President	8.00	Officer	$0	$0	$0
Shawn Murphy	Vice President	8.00	Officer	$0	$0	$0
Brian Hassel Sr	Secretary	8.00	Officer	$0	$0	$0
Gerry McGettigan	Treasurer	8.00	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	$172,645	$187,319	$432,957	$-14,674
2022	$231,896	$205,832	$470,303	$26,064
2021	$127,883	$166,896	$510,262	$-39,013
2020	$129,877	$137,961	$530,559	$-8,084

Glenolden Fire Company No 1