WHITE OAK BOROUGH VOLUNTEER FIRE COMPANY NO 1 (EIN 251595945) - 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

1954

Legal Domicile

Principal Officer

DWYANE W LEWIS III

Phone

4126644822

Tax Period

2023-11-01 to 2024-10-31

WHITE OAK BOROUGH VOLUNTEER FIRE COMPANY NO 1, founded in 1954, is a small nonprofit in the Public Safety sector that reported $143K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $188K exceeded revenue, resulting in a 32% operating deficit.

Mission

TO PROVIDE FOR THE PROTECTION OF LIFE AND PROPERTY THROUGH ON SCENE FIRE FIGHTING, EDUCATION IN FIRE PREVENTION, AND PREVENTIVE INSPECTION THROUGHOUT THE BOROUGH OF WHITE OAK.

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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 $64,967

Program Service Revenue $0

Investment Income $4,262

Other Revenue $73,508

TOTAL REVENUE $142,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $187,886

Other Expenses $187,886

TOTAL EXPENSES $187,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,737	$121,512	+0.2%
Expenses	$187,886	$164,094	+0.1%
Net Income	$-45,149	$-42,582	+0.1%

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

N/A

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
JAMES BOOTH	PRESIDENT	3.00	Officer	$0	$0	$0
EDWARD THOMAS	VICE PRESIDENT	3.00	Officer	$0	$0	$0
DWAYNE W LEWIS III	TREASURER	3.00	Officer	$0	$0	$0
CHARLES WRIGHT	FINANCIAL SECRETARY	3.00	Officer	$0	$0	$0
HOLLY MARTIN	SECRETARY	3.00	Officer	$0	$0	$0
BRIAN THOMAS	REC.SECRETARY/ASST FIRE CHIEF	3.00	Officer	$0	$0	$0
STEVEN STANIECH	FIRE CHIEF	3.00	Officer	$0	$0	$0
MATTHEW DEPODESTA	DIRECTOR	3.00	Director	$0	$0	$0
BOB WASSEL	DIRECTOR	3.00	Director	$0	$0	$0
PAUL OCEL	HEAD DIRECTOR	3.00	Director	$0	$0	$0
BRIAN THOMAS	DIRECTOR	3.00	Director	$0	$0	$0
BOB BOARD	DIRECTOR	3.00	Director	$0	$0	$0
CHARLES J WRIGHT	DIRECTOR	3.00	Director	$0	$0	$0
EDWARD THOMAS	DIRECTOR	3.00	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	$142,737	$187,886	$1,017,202	$-45,149
2023	$121,512	$164,094	$1,080,677	$-42,582
2022	$131,886	$184,899	$1,011,610	$-53,013
2021	$145,920	$156,164	$1,083,125	$-10,244

WHITE OAK BOROUGH VOLUNTEER FIRE COMPANY NO 1