WASHINGTON FIRE COMPANY (EIN 232389215) - 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

1857

Legal Domicile

Principal Officer

RONALD TRACE

Phone

7176979877

Tax Period

2020-01-01 to 2020-12-31

WASHINGTON FIRE COMPANY, founded in 1857, is a small nonprofit that reported $283K in total revenue in fiscal year 2020. Revenue surged 145% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 294% operating deficit.

Mission

TO SERVE THE COMMUNITY IN THE PREVENTION OF FIRES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $217,570

Program Service Revenue $0

Investment Income $62,181

Other Revenue $3,245

TOTAL REVENUE $282,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,107,274

Other Expenses $1,115,765

TOTAL EXPENSES $1,115,765

Year-over-Year Comparison

	2020	2019	Change
Revenue	$282,996	$115,522	+1.4%
Expenses	$1,115,765	$175,937	+5.3%
Net Income	$-832,769	$-60,415	+12.8%

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

155

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
RONALD TRACE	PRESIDENT	1.00	Officer	$0	$0	$0
MATTHEW TRACE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TIMOTHY YEAKLE	TREASURER	2.00	Officer	$0	$0	$0
ELIZABETH NEFF	ASSISTANT TR	1.00	Officer	$0	$0	$0
JOSEPH METALLO	FINANCIAL SE	1.00	Officer	$0	$0	$0
LEISA METALLO	RECORDING SE	1.00	Officer Director	$0	$0	$0
JACK OTSTOT	DIRECTOR	1.00		$0	$0	$0
MARTY KABERLE	FIRE CHIEF	60.00	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
2020	$282,996	$1,115,765	$39,461	$-832,769
2019	$115,522	$175,937	$945,307	$-60,415
2018	$204,491	$211,653	$1,014,575	$-7,162

WASHINGTON FIRE COMPANY