Newport Fire Company (EIN 237125089) - 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

1926

Legal Domicile

Principal Officer

Andrew Hazlett

Phone

2156381619

Tax Period

2024-01-01 to 2024-12-31

Newport Fire Company, founded in 1926, is a small nonprofit that reported $461K in total revenue in fiscal year 2024. Expenses of $442K left a modest 4% surplus.

Mission

Volunteer firefighting

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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 $395,676

Program Service Revenue $4,420

Investment Income $16,766

Other Revenue $44,101

TOTAL REVENUE $460,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,843

Program Expenses $418,798

Other Expenses $435,292

TOTAL EXPENSES $442,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$460,963	$440,701	+0.0%
Expenses	$442,135	$379,358	+0.2%
Net Income	$18,828	$61,343	-0.7%

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

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
Christopher Markert	Trustee	8.00	Director	$0	$0	$0
Colin Sweeney	Trustee	8.00	Director	$0	$0	$0
Dennis Haeberle	Trustee	8.00	Director	$0	$0	$0
Andrew Hazlett	President	10.00	Officer	$0	$0	$0
Kathaleen Hackbart	Treasurer	8.00	Officer	$0	$0	$0
Maurice Leibowitz	Vice President	10.00	Officer	$0	$0	$0
Joshua Hill	Secretary	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	$460,963	$442,135	$2,040,778	$18,828
2023	$440,701	$379,358	$2,363,582	$61,343
2022	$397,932	$349,472	$2,183,025	$48,460
2021	$404,638	$282,198	$2,248,936	$122,440
2020	$374,913	$297,860	$1,522,108	$77,053

Newport Fire Company