WILLOW GROVE VOLUNTEER FIRE CO NO 1 (EIN 232394864) - 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

1907

Legal Domicile

Principal Officer

RICHARD DRENNEN

Phone

2156597633

Tax Period

2023-01-01 to 2023-12-31

WILLOW GROVE VOLUNTEER FIRE CO NO 1, founded in 1907, is a small nonprofit in the Public Safety sector that reported $117K in total revenue in fiscal year 2023. Expenses of $132K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE VOLUNTEER FIRE FIGHTING AND RELATED EMERGENCY SERVICES

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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 $75,820

Program Service Revenue $8,750

Investment Income $2,200

Other Revenue $30,719

TOTAL REVENUE $117,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13,908

Program Expenses $92,992

Other Expenses $131,774

TOTAL EXPENSES $131,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,489	$119,071	0.0%
Expenses	$131,774	$105,235	+0.3%
Net Income	$-14,285	$13,836	-2.0%

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
CHRISTOPHER JONES	PRESIDENT	20.00	Officer Director	$0	$0	$0
FRANK KIBLER	VICE PRESIDENT	25.00	Officer Director	$0	$0	$0
RICHARD DRENNEN	TREASURER	20.00	Officer Director	$0	$0	$0
CHARLES GYSI	SECRETARY	20.00	Officer Director	$0	$0	$0
TIMOTHY FOCHT	DIRECTOR OF PROPERTY	20.00	Director	$0	$0	$0
THOMAS SMITH JR	DIRECTOR OF PERSONNEL	20.00	Director	$0	$0	$0
BUD TUCKER	DIRECTOR	25.00	Director	$0	$0	$0
BRIAN DRENNEN	DIRECTOR	15.00	Director	$0	$0	$0
CHARLES JONES	FIRE CHIEF	15.00	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
2023	$117,489	$131,774	$82,062	$-14,285
2022	$119,071	$105,235	$96,347	$13,836
2021	$128,769	$140,165	$82,511	$-11,396
2020	$136,650	$105,065	$93,907	$31,585
2019	$120,477	$135,180	$62,322	$-14,703
2018	$150,286	$166,128	$77,025	$-15,842

WILLOW GROVE VOLUNTEER FIRE CO NO 1