UNION FIRE COMPANY NO 1 (EIN 236265650) - 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

1905

Legal Domicile

Principal Officer

ALLEN FOWLER

Phone

6109322411

Tax Period

2024-01-01 to 2024-12-31

UNION FIRE COMPANY NO 1, founded in 1905, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $750K, a strong 55% operating margin.

Mission

VOLUNTEER FIRE COMPANY

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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 $204,486

Program Service Revenue $604,352

Investment Income $531,551

Other Revenue $33,875

TOTAL REVENUE $1,374,264

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $184,959

Fundraising Expenses $6,135

Program Expenses $553,238

Other Expenses $431,702

TOTAL EXPENSES $623,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,374,264	$761,612	+0.8%
Expenses	$623,796	$629,579	0.0%
Net Income	$750,468	$132,033	+4.7%

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

N/A

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
ALLEN FOWLER	PRESIDENT	25.00	Officer	$0	$0	$0
PAUL CHARLTON	VICE PRESIDE	6.00	Officer	$0	$0	$0
HANSLEY THOMAS	SECRETARY	4.00	Officer	$0	$0	$0
CHRIS OBENCHAIN	DIRECTOR	8.00	Director	$0	$0	$0
GERRY CHRISTIANS	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM GOODLEY	DIRECTOR	5.00	Director	$0	$0	$0
DAVE MESSAROS	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD TERRY	DIRECTOR	6.00	Director	$0	$0	$0
JIM BOOTH	FIRE CHIEF	15.00	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	$1,374,264	$623,796	$6,234,891	$750,468
2023	$761,612	$629,579	$5,428,249	$132,033
2022	$633,863	$677,047	$5,313,661	$-43,184
2021	$508,911	$597,372	$5,505,331	$-88,461
2020	$577,696	$555,801	$5,450,245	$21,895
2019	$804,470	$634,826	$5,466,415	$169,644
2018	$540,782	$609,078	$5,256,154	$-68,296

UNION FIRE COMPANY NO 1