NICHOLSON FIRE COMPANY 1 (EIN 232610999) - 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

1904

Legal Domicile

Principal Officer

RICHARD LOCHEN JR

Phone

5709426891

Tax Period

2024-01-01 to 2024-12-31

NICHOLSON FIRE COMPANY 1, founded in 1904, is a small nonprofit in the Public Safety sector that reported $158K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 41% operating margin.

Mission

TO PROVIDE FIRE SUPPRESSION AND EMERGENCY SERVICES TO NICHOLSON BOROUGH AND SURROUNDING TOWNSHIPS.

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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 $54,524

Program Service Revenue $24,212

Investment Income $15,328

Other Revenue $63,515

TOTAL REVENUE $157,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,470

Other Expenses $93,655

TOTAL EXPENSES $93,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,579	$102,064	+0.5%
Expenses	$93,655	$57,267	+0.6%
Net Income	$63,924	$44,797	+0.4%

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
SCOTT AYLESWORTH	DIRECTOR	N/A	Officer	$0	$0	$0
CONNOR CROCK	DIRECTOR	N/A	Officer	$0	$0	$0
WILLIAM IRION	PRESIDENT	N/A	Officer	$0	$0	$0
RICHARD LOCHEN JR	SECRETARY/TR	N/A	Officer	$0	$0	$0
THEODORE ROBERTS	DIRECTOR	N/A	Officer	$0	$0	$0
DAVE SCHMIDT	VICE PRESIDE	N/A	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
2025	No data	No data	No data	No data
2024	$157,579	$93,655	$744,720	$63,924
2023	$102,064	$57,267	$680,797	$44,797
2022	$100,152	$95,079	$635,997	$5,073
2021	$84,230	$88,912	$630,928	$-4,682
2020	$122,438	$106,488	$637,122	$15,950
2019	$115,672	$163,414	$621,272	$-47,742
2018	$103,943	$134,594	$667,401	$-30,651

NICHOLSON FIRE COMPANY 1