WORCESTER HOSE COMPANY INC (EIN 237230788) - 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

JIM O'CONNOR

Phone

6073978032

Tax Period

2024-01-01 to 2024-12-31

WORCESTER HOSE COMPANY INC, founded in 1959, is a micro nonprofit in the Public Safety sector that reported $85K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 43% operating margin.

Mission

PRIMARY FUNCTION IS FIRE SUPPRESSION, PREVENTION AND EMERGENCY MEDICAL SERVICES. THE COMPANY IS ALSO INVOLVED IN TRAINING, FUND RAISING, FIRE PREVENTION, SAFETY PROGRAMS, PARADES AND MEETINGS.

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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 $47,686

Program Service Revenue $0

Investment Income $13,214

Other Revenue $23,852

TOTAL REVENUE $84,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,782

Other Expenses $48,681

TOTAL EXPENSES $48,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,752	$62,581	+0.4%
Expenses	$48,681	$92,455	-0.5%
Net Income	$36,071	$-29,874	-2.2%

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

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
NATHAN BAKER	SECRETARY	7.00	Officer	$0	$0	$0
CHRIS BOYLE	TREASURER	7.00	Officer	$0	$0	$0
HAL CRISPELL	TRUSTEE	1.00	Officer	$0	$0	$0
ED HEAD	TRUSTEE	1.00	Officer	$0	$0	$0
JIM O'CONNOR	PRESIDENT	7.00	Officer	$0	$0	$0
JUDITH THISTLE	CHAPLAIN	1.00	Officer	$0	$0	$0
JEFF WILCOX	VICE-PRESIDE	7.00	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	$84,752	$48,681	$729,030	$36,071
2023	$62,581	$92,455	$650,589	$-29,874
2022	$79,640	$124,214	$633,321	$-44,574
2021	$166,501	$55,305	$754,807	$111,196
2020	$74,247	$13,548	$575,089	$60,699
2019	$191,749	$303,383	$483,222	$-111,634
2018	$67,980	$25,476	$563,251	$42,504

WORCESTER HOSE COMPANY INC