Third District Volunteer Fire Co No 1 (EIN 232655366) - 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

1955

Legal Domicile

Principal Officer

Joseph Gasper

Phone

2157886214

Tax Period

2024-02-01 to 2025-01-31

Third District Volunteer Fire Co No 1, founded in 1955, is a small nonprofit that reported $536K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Volunteer firefighting and other emergency related services to the community.

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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 $432,658

Program Service Revenue $0

Investment Income $18,965

Other Revenue $84,690

TOTAL REVENUE $536,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,518

Program Expenses $555,765

Other Expenses $577,852

TOTAL EXPENSES $580,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$536,313	$485,719	+0.1%
Expenses	$580,370	$517,707	+0.1%
Net Income	$-44,057	$-31,988	+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
Herb Schoell Jr	President	10.00	Officer	$0	$0	$0
Joseph Gasper	Treasurer	10.00	Officer	$0	$0	$0
Deshawn Newkirk	Vice President	10.00	Officer	$0	$0	$0
Raymond Finnell	Recording Sec	10.00	Officer	$0	$0	$0
Gene Hathaway	Financial Sec	10.00	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
2025	$536,313	$580,370	$1,175,860	$-44,057
2024	$485,719	$517,707	$1,265,421	$-31,988
2023	$568,891	$437,675	$1,334,601	$131,216
2022	$371,454	$374,917	$1,293,751	$-3,463
2021	$295,502	$293,478	$1,327,680	$2,024

Third District Volunteer Fire Co No 1