Union Fire Co of Cornwells Heights

EIN: 232401651 501(c)(3)

Bensalem, PA

Total Revenue
$311,849
Total Expenses
$307,432
Total Assets
$1,565,122
Net Assets
$614,879
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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
1928
Legal Domicile
PA
Phone
2156392988
Tax Period
2023-01-01 to 2023-12-31

Union Fire Co of Cornwells Heights, founded in 1928, is a small nonprofit that reported $312K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $310,569
Program Service Revenue $0
Investment Income $105
Other Revenue $1,175
TOTAL REVENUE $311,849

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $274,079
Other Expenses $307,432
TOTAL EXPENSES $307,432

Year-over-Year Comparison

2023 2022 Change
Revenue $311,849 $365,113 -0.1%
Expenses $307,432 $412,977 -0.3%
Net Income $4,417 $-47,864 -1.1%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
40

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Knowles President 8.00
Officer
$0 $0 $0
John Brown Treasurer 8.00
Officer
$0 $0 $0
Don Anderson Vice President 8.00
Officer
$0 $0 $0
Lynn Shuchat Secretary 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
2023 $311,849 $307,432 $1,565,122 $4,417
2022 $365,113 $412,977 $1,634,221 $-47,864
2021 $501,005 $440,476 $1,807,386 $60,529
2020 $391,535 $342,030 $1,901,024 $49,505
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