WORCESTER VOLUNTEER FIRE COMPANY (EIN 236399201) - 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

1959

Legal Domicile

Principal Officer

JAMES RAQUET

Phone

6105845159

Tax Period

2024-01-01 to 2024-12-31

WORCESTER VOLUNTEER FIRE COMPANY, founded in 1959, is a small nonprofit in the Public Safety sector that reported $630K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Net assets of $4.1M represent 79 months of operating reserves.

Mission

FIREFIGHTING AND RESCUE

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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 $539,500

Program Service Revenue $0

Investment Income $64,516

Other Revenue $26,133

TOTAL REVENUE $630,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,900

Program Expenses $639,630

Other Expenses $648,443

TOTAL EXPENSES $667,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$630,149	$1,687,255	-0.6%
Expenses	$667,293	$583,431	+0.1%
Net Income	$-37,144	$1,103,824	-1.0%

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

N/A

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
JAMES RAQUET	PRESIDENT	4.00	Officer	$0	$0	$0
RUSSELL BRYANT	VICE PRES	1.00	Officer	$0	$0	$0
PAMELA MCCLURE	SECRETARY	3.00	Officer	$0	$0	$0
DAVID CORNISH	TREASURER	4.00	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	$630,149	$667,293	$4,376,704	$-37,144
2023	$1,687,255	$583,431	$4,525,123	$1,103,824
2022	$412,386	$369,301	$3,122,552	$43,085
2021	$433,056	$542,297	$3,090,148	$-109,241
2020	$401,613	$382,419	$3,263,926	$19,194
2019	$428,477	$407,679	$3,260,833	$20,798
2018	$355,966	$396,263	$3,261,131	$-40,297

WORCESTER VOLUNTEER FIRE COMPANY