FORT WASHINGTON FIRE COMPANY NO 1 (EIN 232628141) - 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

1908

Legal Domicile

Principal Officer

ERNEST RACZ

Phone

2156462555

Tax Period

2024-01-01 to 2024-12-31

FORT WASHINGTON FIRE COMPANY NO 1, founded in 1908, is a small nonprofit in the Public Safety sector that reported $380K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE FIRE FIGHTING, EMERGENCY & RESCUE 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 (2024)

Revenue Breakdown

Contributions & Grants $334,205

Program Service Revenue $16,975

Investment Income $6,275

Other Revenue $22,638

TOTAL REVENUE $380,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $11,162

Program Expenses $281,150

Other Expenses $380,472

TOTAL EXPENSES $380,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,093	$568,087	-0.3%
Expenses	$380,472	$557,414	-0.3%
Net Income	$-379	$10,673	-1.0%

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

144

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
ERNEST RACZ	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOSH HYRINDA	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
MITCHELL COLLIER	TREASURER	3.00	Officer Director	$0	$0	$0
JEFFREY FOGEL	FINANCIAL SE	3.00	Officer Director	$0	$0	$0
ROBERT TONER III	SECRETARY	3.00	Officer Director	$0	$0	$0
WILLIAM FRICK	BOARD MEMBER	3.00	Director	$0	$0	$0
LARRY SALOMON	BOARD MEMBER	3.00	Director	$0	$0	$0
JEFFERY OLLIS	BOARD MEMBER	3.00	Director	$0	$0	$0
TOM MCDONALD	BOARD MEMBER	3.00	Director	$0	$0	$0
KELLY O'NEAL	BOARD MEMBER	3.00	Director	$0	$0	$0
EDWARD HURT JR	BOARD MEMBER	3.00	Director	$0	$0	$0
ANDREW RATHFON	CHIEF	3.00	Director	$0	$0	$0
RICHARD ECHEVARRIA	CHIEF ENGINE	3.00	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
2024	$380,093	$380,472	$256,246	$-379
2023	$568,087	$557,414	$246,795	$10,673
2022	$470,766	$489,282	$225,981	$-18,516
2021	$452,941	$449,381	$259,102	$3,560
2020	$473,872	$482,573	$246,529	$-8,701
2019	$437,134	$431,128	$247,854	$6,006
2018	$372,675	$358,648	$233,182	$14,027

FORT WASHINGTON FIRE COMPANY NO 1