WELLSBORO FIRE DEPARTMENT

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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

1963

Legal Domicile

Principal Officer

SCOT BOYCE

Phone

5707241480

Tax Period

2023-01-01 to 2023-12-31

WELLSBORO FIRE DEPARTMENT, founded in 1963, is a small nonprofit that reported $304K in total revenue in fiscal year 2023. The organization ran a surplus of $118K, a strong 39% operating margin.

Mission

TO PROVIDE VOLUNTEER FIRE AND RESCUE SERVICES TO THE BOROUGH OF WELLSBORO AND THE TOWNSHIPS OF CHARLESTON, DELMAR AND SHIPPEN IN TIOGA COUNTY PENNSYLVANIA.

Program Service Accomplishments

Program 1

Expenses: $177,369 Revenue: $0

PROVIDE VOLUNTEER FIRE AND RESCUE SERVICES TO THE BOROUGH OF WELLSBORO AND THE TOWNSHIPS OF CHARLESTON, DELMAR AND SHIPPEN IN TIOGA COUNTY, PA. THE TOTAL POPULATION AT THE 2020 CENSUS WAS 10,327...

PROVIDE VOLUNTEER FIRE AND RESCUE SERVICES TO THE BOROUGH OF WELLSBORO AND THE TOWNSHIPS OF CHARLESTON, DELMAR AND SHIPPEN IN TIOGA COUNTY, PA. THE TOTAL POPULATION AT THE 2020 CENSUS WAS 10,327. DURING 2023, A TOTAL OF 78 ACTIVE, HONORARY, LIFE AND RETIRED MEMBERS RESPONDED TO OVER 400 CALLS FOR SERVICE.

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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 $291,478

Program Service Revenue $0

Investment Income $15,488

Other Revenue $-3,219

TOTAL REVENUE $303,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $177,369

Other Expenses $185,501

TOTAL EXPENSES $185,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,747	$281,713	+0.1%
Expenses	$185,501	$144,594	+0.3%
Net Income	$118,246	$137,119	-0.1%

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
JOHN PAGANO	PRESIDENT	25.00	Officer	$0	$0	$0
KEN NOWAK	VICE PRESIDENT	25.00	Officer	$0	$0	$0
AUSTIN DUNHAM	SECRETARY	25.00	Officer	$0	$0	$0
SCOT BOYCE SR	TREASURER	25.00	Officer	$0	$0	$0
STEVE DAUGHERTY	TRUSTEE	25.00	Director	$0	$0	$0
TYLER HUCK	TRUSTEE	25.00	Director	$0	$0	$0
PETER LUPKOWSKI	TRUSTEE	25.00	Director	$0	$0	$0
LONNIE CAMPBELL	CHIEF-1	25.00	Officer	$0	$0	$0
CHAD BOYCE	CHIEF 1-10	25.00	Officer	$0	$0	$0
MIKE PIERCE	CHIEF 1-20	25.00	Officer	$0	$0	$0
JOSH SIMMONS	CHIEF 1-30	25.00	Officer	$0	$0	$0
RICK CHAMPAIGN	FIRE POLICE CAPT	N/A	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	$303,747	$185,501	$1,220,729	$118,246
2022	$281,713	$144,594	$1,109,835	$137,119
2021	$260,742	$182,407	$979,266	$78,335
2020	$253,818	$169,684	$928,053	$84,134
2018	$212,622	$236,313	$822,460	$-23,691