NORWOOD FIRE COMPANY #1

EIN: 236297394 501(c)(3) Public Safety

NORWOOD, PA

Total Revenue
$2,293,343
Total Expenses
$760,657
Total Assets
$2,961,243
Net Assets
$2,960,994
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1905
Legal Domicile
PA
Principal Officer
WILLIAM R BIERMAN
Phone
6104611111
Tax Period
2024-01-01 to 2024-12-31

NORWOOD FIRE COMPANY #1, founded in 1905, is a community nonprofit in the Public Safety sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 205% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 67% operating margin.

Mission

Provide fire and ambulance service for the town of Norwood and provide ambulance services to six other surrounding communities. Glenolden, Prospect Park,Ridley Park, Holmes,Morton, and Secane

Program Service Accomplishments

Program 1
Expenses: $48,651

Fire service is for the town of Norwood. The Fire Company services a residential area of approximately one square mile consisting of about 2,000 homes with a population of more than 5,900 people.

Program 2
Expenses: $698,760

Ambulance service is for the town of Norwood and six other surrounding communities which include Glenolden, Prospect Park, Ridley Park, Holmes, Morton Secane

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,520,951
Program Service Revenue $704,252
Investment Income $20,378
Other Revenue $47,762
TOTAL REVENUE $2,293,343

Expense Breakdown

Grants Paid $0
Salaries & Benefits $512,345
Fundraising Expenses $8,557
Program Expenses $747,411
Other Expenses $248,312
TOTAL EXPENSES $760,657

Year-over-Year Comparison

2024 2023 Change
Revenue $2,293,343 $753,149 +2.0%
Expenses $760,657 $583,650 +0.3%
Net Income $1,532,686 $169,499 +8.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
15
Independent Members
15
Employees
29
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
5
$30,606
Total Directors
5
$30,606
Key Employees
1
$55,829
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HELENE M BIERMAN BILLING COLLECTION 035.00
Key Emp
$55,829 $0 $55,829
DAVE BRADLEY FINANCIAL SECRETARY 015.00
Officer Director
$20,206 $0 $20,206
CHRISTOPHER STEPHANO TREASURER 035.00
Officer Director
$10,400 $0 $10,400
WILLIAM R BIERMAN PRES 015.00
Officer Director
$0 $0 $0
DOUGLAS FAGAN VICE PRES 015.00
Officer Director
$0 $0 $0
BRIAN O'DOHERTY RECORDING SECRETARY 020.00
Officer 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 $2,293,343 $760,657 $2,961,243 $1,532,686
2023 $753,149 $583,650 $1,423,539 $169,499
2022 $624,304 $510,722 $1,248,375 $113,582
2021 $582,589 $543,448 $1,143,515 $39,141
2020 $587,574 $505,858 $1,099,001 $81,716
Explore More Nonprofits
→Top 100 Nonprofits in Pennsylvania →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NORWOOD FIRE COMPANY #1 with other nonprofits in Pennsylvania and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.