TAUNTON FIRE DEPARTMENT INC (EIN 237241619) - 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

1947

Legal Domicile

Principal Officer

Edward Phelan Jr

Phone

3154681011

Tax Period

2024-01-01 to 2024-12-31

TAUNTON FIRE DEPARTMENT INC, founded in 1947, is a small nonprofit in the Public Safety sector that reported $792K in total revenue in fiscal year 2024. Net assets of $4.4M represent 66 months of operating reserves.

Mission

The Organization Provides Fire Protection and EMS to the Taunton New York Fire District.

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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 $67,954

Program Service Revenue $645,376

Investment Income $76,072

Other Revenue $2,384

TOTAL REVENUE $791,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,353

Program Expenses $827,423

Other Expenses $864,692

TOTAL EXPENSES $864,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$791,786	$761,286	+0.0%
Expenses	$864,692	$819,205	+0.1%
Net Income	$-72,906	$-57,919	+0.3%

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
Keith Ducett	BOD Member	10.00	Director	$0	$0	$0
Dan Messina	BOD Member	10.00	Director	$0	$0	$0
Tevin Harris	Deputy Fire Chief	10.00	Director	$0	$0	$0
Edward Phelan Jr	President	10.00	Officer	$0	$0	$0
Jess Duck	Vice President	10.00	Officer	$0	$0	$0
Michael Phelan	Fire Chief	10.00	Officer	$0	$0	$0
Thomas Sauer	Treasurer	10.00	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	$791,786	$864,692	$6,775,059	$-72,906
2023	$761,286	$819,205	$7,052,659	$-57,919
2022	$1,154,343	$727,756	$5,334,487	$426,587
2021	$714,920	$662,863	$5,105,289	$52,057
2020	$599,406	$582,799	$3,980,894	$16,607
2018	$633,167	$529,959	$3,906,706	$103,208

TAUNTON FIRE DEPARTMENT INC