TRAPPE FIRE COMPANY NO 1 (EIN 236261901) - 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

1912

Legal Domicile

Principal Officer

RICHARD SCHROETER

Phone

6104892700

Tax Period

2023-01-01 to 2023-12-31

TRAPPE FIRE COMPANY NO 1, founded in 1912, is a micro nonprofit in the Public Safety sector that reported $62K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $207K exceeded revenue, resulting in a 234% operating deficit.

Mission

TO PROVIDE FIRE FIGHTING SERVICES TO TRAPPE BOUROUGH AND SURRONDING AREAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $157,479

Program Service Revenue $6,344

Investment Income $-119,587

Other Revenue $17,727

TOTAL REVENUE $61,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,655

Program Expenses $143,838

Other Expenses $202,251

TOTAL EXPENSES $206,906

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,963	$1,447,667	-1.0%
Expenses	$206,906	$1,688,815	-0.9%
Net Income	$-144,943	$-241,148	-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
STEVE SELLET	TRUSTEE	8.00	Director	$0	$0	$0
JAMES MCCARAHER	TRUSTEE	8.00	Director	$0	$0	$0
ERIC LAU	TRUSTEE	8.00	Director	$0	$0	$0
CHRISTOPHER ROSENKRANS	VICE PRESIDENT	8.00	Officer	$0	$0	$0
RICHARD SCHROETER	PRESIDENT	8.00	Officer	$0	$0	$0
PAT WEBSTER	SECRETARY	8.00	Officer	$0	$0	$0
ROBERT GREENWOOD	ASST TREASURER	8.00	Officer	$0	$0	$0
JOHN BOLGER	DEPUTY CHIEF	8.00	Officer	$0	$0	$0
SAL CAPIZZI	CHIEF ENGINEER	8.00	Officer	$0	$0	$0
JOHN WENTWORTH	FIRE POLICE CAPTAIN	8.00	Officer	$0	$0	$0
TOM MCPOYLE	TREASURER	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
2024	No data	No data	No data	No data
2023	$61,963	$206,906	$468,042	$-144,943
2022	$1,447,667	$1,688,815	$612,985	$-241,148
2021	$2,359,786	$2,474,613	$922,809	$-114,827
2020	$2,826,674	$2,371,644	$1,024,219	$455,030
2019	$2,158,110	$2,274,574	$565,560	$-116,464
2018	$2,341,916	$2,328,817	$683,760	$13,099

TRAPPE FIRE COMPANY NO 1