Garden City Fire Company No 1 (EIN 232161485) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1944

Legal Domicile

Phone

6108766299

Tax Period

2024-01-01 to 2024-12-31

Garden City Fire Company No 1, founded in 1944, is a small nonprofit in the Public Safety sector that reported $318K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Net assets of $798K represent 30 months of operating reserves.

Mission

Volunteer firefighting

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $272,405

Program Service Revenue $0

Investment Income $2,957

Other Revenue $42,418

TOTAL REVENUE $317,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,817

Program Expenses $270,261

Other Expenses $301,915

TOTAL EXPENSES $308,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$317,780	$251,155	+0.3%
Expenses	$308,732	$293,271	+0.1%
Net Income	$9,048	$-42,116	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Jake Hamilton	Trustee	10.00	Director	$0	$0	$0
Chris Balasco	Trustee	10.00	Director	$0	$0	$0
Jim Boyer Jr	Trustee	10.00	Director	$0	$0	$0
Nick DiDomenico	Trustee	10.00	Director	$0	$0	$0
Louis DiDomenico	President	10.00	Officer	$0	$0	$0
William Wright Jr	Vice-President	10.00	Officer	$0	$0	$0
Nicole Simmons	Recording Sec.	10.00	Officer	$0	$0	$0
Michelle Carroll	Treasurer	10.00	Officer	$0	$0	$0
Wayne Kuehler	Financial Sec.	10.00	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	$317,780	$308,732	$1,051,927	$9,048
2023	$251,155	$293,271	$1,076,915	$-42,116
2022	$270,464	$273,254	$1,150,159	$-2,790
2021	$786,237	$472,037	$1,198,269	$314,200
2020	$146,593	$162,157	$1,230,873	$-15,564

Garden City Fire Company No 1