WATTSBURG HOSE COMPANY

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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

1943

Legal Domicile

Principal Officer

MICHAEL CARTER

Phone

8147399411

Tax Period

2023-01-01 to 2023-12-31

WATTSBURG HOSE COMPANY, founded in 1943, is a small nonprofit that reported $135K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Net assets of $2.0M represent 177 months of operating reserves.

Mission

PROVIDE FIRE PROTECTION AND AMBULANCE SERVICES TO THE RESIDENTS OF WATTSBURG BORO, AMITY TOWNSHIP AND VENANGO TOWNSHIP.

Program Service Accomplishments

Program 1

Expenses: $135,518

THE WATTSBURG HOSE COMPANY'S EXEMPT PURPOSE IS TO PROVIDE FIRE PROTECTION AND AMBULANCE SERVICES TO THE RESIDENTS OF WATTSBURG BORO, AMITY TOWNSHIP AND VENANGO TOWNSHIP IN ERIE COUNTY, PENNSYLVANIA. THE WATTSBURG HOSE COMPANY ALSO AIDES OTHER VOLUNTEER FIRE COMPANIES WHEN THE NEED ARISES. THE COMPANY WAS SUCCESSFUL IN ASSISTING CITIZENS IN HUNDREDS OF MEDICAL, FIRE, AND OTHER EMERGENCIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $39,871

Program Service Revenue $26,112

Investment Income $10

Other Revenue $68,822

TOTAL REVENUE $134,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,518

Other Expenses $143,511

TOTAL EXPENSES $143,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$134,815	$166,842	-0.2%
Expenses	$143,511	$156,476	-0.1%
Net Income	$-8,696	$10,366	-1.8%

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
MICHAEL CARTER	PRESIDENT	5.00	Officer	$0	$0	$0
ANN HALL	BOARD MEMBER	5.00	Officer	$0	$0	$0
ANNE MAJEWSKI	TREASURER EL	5.00	Officer	$0	$0	$0
BRAD MCCRAY	FIRE CHIEF	10.00	Officer	$0	$0	$0
VICTORIA MEEHAN	SECRETARY	5.00	Officer	$0	$0	$0
SHERI THOMAS	VICE PRESIDE	5.00	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	No data	No data	No data	No data
2023	$134,815	$143,511	$2,036,780	$-8,696
2022	$166,842	$156,476	$2,081,037	$10,366
2021	$191,319	$204,846	$2,111,564	$-13,527
2020	$176,254	$143,580	$2,165,661	$32,674
2019	$109,556	$126,403	$2,157,817	$-16,847
2018	$117,906	$115,354	$2,032,011	$2,552