Modena Fire Company No 1 (EIN 232744945) - 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

1922

Legal Domicile

Principal Officer

Frank Dowlin

Phone

6103841311

Tax Period

2024-01-01 to 2024-12-31

Modena Fire Company No 1, founded in 1922, is a small nonprofit in the Public Safety sector that reported $893K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $773K left a modest 13% surplus.

Mission

Volunteer firefighting

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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 $415,717

Program Service Revenue $445,301

Investment Income $14,550

Other Revenue $17,146

TOTAL REVENUE $892,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $319,215

Fundraising Expenses $10,728

Program Expenses $738,472

Other Expenses $443,178

TOTAL EXPENSES $773,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$892,714	$760,166	+0.2%
Expenses	$773,121	$716,322	+0.1%
Net Income	$119,593	$43,844	+1.7%

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

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
Paul Yanarella	Trustee	8.00	Director	$0	$0	$0
Art Campbell	Trustee	8.00	Director	$0	$0	$0
Scott Shilling	Trustee	8.00	Director	$0	$0	$0
Frank Dowlin	President	8.00	Officer	$0	$0	$0
Todd Bryant	Vice President	8.00	Officer	$0	$0	$0
Shannon Dowlin	Secretary	8.00	Officer	$0	$0	$0
Michael Townsley	Treasurer	8.00	Officer	$0	$0	$0
Chris Corle	Fire Chief	15.00	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
2024	$892,714	$773,121	$1,082,062	$119,593
2023	$760,166	$716,322	$996,655	$43,844
2022	$543,998	$671,133	$986,818	$-127,135
2021	$633,577	$504,439	$1,149,628	$129,138
2020	$506,731	$502,103	$1,046,044	$4,628

Modena Fire Company No 1