WASHINGTON TOWNSHIP VOLUNTEER FIRE CO NO 1 (EIN 237356832) - 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

1998

Legal Domicile

Principal Officer

LAURIE PATERSON

Phone

7247273079

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON TOWNSHIP VOLUNTEER FIRE CO NO 1, founded in 1998, is a small nonprofit in the Public Safety sector that reported $381K in total revenue in fiscal year 2024. The organization ran a surplus of $212K, a strong 56% operating margin.

Mission

TO MAINTAIN AND OPERATE A LOCAL COMMUNITY VOLUNTEER FIRE COMPANY

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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 $261,361

Program Service Revenue $1,136

Investment Income $6,321

Other Revenue $111,895

TOTAL REVENUE $380,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,893

Other Expenses $168,295

TOTAL EXPENSES $168,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,713	$376,237	+0.0%
Expenses	$168,295	$108,648	+0.5%
Net Income	$212,418	$267,589	-0.2%

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

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
JAY MORGAN	PRESIDENT	1.00	Officer	$0	$0	$0
CLAYTON MURPHY	VICE PRESIDENT/CHIEF	1.00	Officer	$0	$0	$0
DOROTHY LEITH	SECRETARY	1.00	Officer	$0	$0	$0
CATHIE LEITH	ASST SECRETARY	1.00	Officer	$0	$0	$0
LAURIE PATERSON	FINANCIAL SECRETARY	1.00	Officer	$0	$0	$0
GARY ROWAN	TREASURER	1.00	Officer	$0	$0	$0
EDWARD KROKOSKY	ASST TREASURER	1.00	Officer	$0	$0	$0
JAMES POTLAS	SARGENT OF ARMS	1.00	Director	$0	$0	$0
BOB PATERSON	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT HELD	TRUSTEE/ASST CHIEF	1.00	Director	$0	$0	$0
BILL LEITH	RESCUE OFFICER	1.00	Director	$0	$0	$0
BOB BAUSTERT	ASST CHIEF	1.00	Director	$0	$0	$0
SEAN RODEN	CAPTAIN	1.00	Director	$0	$0	$0
AARON IGO	1ST LIEUTENANT	1.00	Director	$0	$0	$0
SARAH THOMPSON	2ND LIEUTENANT	1.00	Director	$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	$380,713	$168,295	$4,784,174	$212,418
2023	$376,237	$108,648	$4,581,739	$267,589
2022	$287,511	$82,473	$4,323,771	$205,038
2021	$421,593	$65,190	$4,146,288	$356,403
2020	$199,018	$122,294	$3,811,241	$76,724

WASHINGTON TOWNSHIP VOLUNTEER FIRE CO NO 1