Hastings Volunteer Fire Co 1 (EIN 250538704) - 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

1914

Legal Domicile

Principal Officer

ALLEN KLINE

Phone

8142478655

Tax Period

2024-01-01 to 2024-12-31

Hastings Volunteer Fire Co 1, founded in 1914, is a small nonprofit in the Public Safety sector that reported $630K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 19% operating margin.

Mission

TO PROVIDE EMERGENCY SERVICES TO THE RESIDENTS AND BUSINESSES OF HASTINGS BOROUGH AND SURROUNDING COMMUNITIES

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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 $93,851

Program Service Revenue $27,374

Investment Income $39,220

Other Revenue $469,333

TOTAL REVENUE $629,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,550

Fundraising Expenses $0

Other Expenses $312,350

TOTAL EXPENSES $511,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$629,778	$432,476	+0.5%
Expenses	$511,900	$378,405	+0.4%
Net Income	$117,878	$54,071	+1.2%

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

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
ALLEN KLINE	PRESIDENT	10.00	Officer	$0	$0	$0
JOSEPH STICH	VICE PRESIDENT	3.00	Officer	$0	$0	$0
MIKAELA PELLAS	SECRETARY	5.00	Officer	$0	$0	$0
MARA TARANTO	TREASURER	15.00	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	$629,778	$511,900	$1,674,284	$117,878
2023	$432,476	$378,405	$1,646,084	$54,071
2022	$287,904	$214,578	$1,443,266	$73,326
2021	$363,494	$229,950	$955,256	$133,544
2020	$260,380	$203,783	$917,736	$56,597
2019	$223,235	$248,464	$923,300	$-25,229
2018	$240,894	$227,801	$912,524	$13,093

Hastings Volunteer Fire Co 1