Glendale Volunteer Fire Department Engine Company No 1 (EIN 251824081) - 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

1905

Legal Domicile

Principal Officer

Ian S Gabrielson

Phone

8146725453

Tax Period

2024-01-01 to 2024-12-31

Glendale Volunteer Fire Department Engine Company No 1, founded in 1905, is a small nonprofit in the Public & Societal Benefit sector that reported $169K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $163K left a modest 4% surplus.

Mission

Rescue and volunteer fire department support for the surrounding community.

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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 $83,397

Program Service Revenue $31,684

Investment Income $14,678

Other Revenue $39,463

TOTAL REVENUE $169,222

Expense Breakdown

Grants Paid $250

Salaries & Benefits $0

Fundraising Expenses $1,708

Program Expenses $158,323

Other Expenses $162,645

TOTAL EXPENSES $162,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,222	$331,209	-0.5%
Expenses	$162,895	$161,499	+0.0%
Net Income	$6,327	$169,710	-1.0%

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
Ian S Gabrielson	Treasurer	1.00	Officer	$0	$0	$0
Douglas F Bakaysa	President	1.00	Officer	$0	$0	$0
Robert M Burmeister	Vice President	1.00	Officer	$0	$0	$0
Patrick Gates	Secretary	1.00	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	$169,222	$162,895	$1,159,409	$6,327
2023	$331,209	$161,499	$1,151,551	$169,710
2022	$129,407	$131,889	$980,845	$-2,482
2021	$95,254	$113,806	$987,830	$-18,552
2020	$141,447	$101,450	$1,003,644	$39,997
2019	$170,899	$189,614	$964,339	$-18,715
2018	$75,824	$105,712	$990,635	$-29,888

Glendale Volunteer Fire Department Engine Company No 1