EAST MEAD VOLUNTEER FIRE COMPANY NO 1 (EIN 251875798) - 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

1948

Legal Domicile

Principal Officer

WILLIAM L COSTON

Phone

8143339222

Tax Period

2023-01-01 to 2023-12-31

EAST MEAD VOLUNTEER FIRE COMPANY NO 1, founded in 1948, is a small nonprofit in the Public Safety sector that reported $312K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $52K, a strong 16% operating margin.

Mission

Supports, manage, & maintain the fire dept. for the purpose of fighting, control, & prevention of fires. Maintain equipment & social hall which is condusive for related events & services.

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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 $50,308

Program Service Revenue $5,620

Investment Income $126

Other Revenue $256,404

TOTAL REVENUE $312,458

Expense Breakdown

Grants Paid $400

Salaries & Benefits $77,967

Fundraising Expenses $3,463

Program Expenses $100,278

Other Expenses $182,554

TOTAL EXPENSES $260,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$312,458	$410,643	-0.2%
Expenses	$260,921	$264,976	0.0%
Net Income	$51,537	$145,667	-0.6%

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

$38,675

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM L COSTON	TREASURER/OPER. COMM.	50.00	Officer Director	$0	$0	$0
ERIC COSTON	SECRETARY	5.00	Officer	$0	$0	$0
CLIFFORD HAMILTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSHUA GORDON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
CLIFFORD HAMILTON	TRUSTEE	1.00	Officer Director	$0	$0	$0
WILLIAM HOLLABAUGH	TRUSTEE	0.50	Director	$0	$0	$0
JAMES HUTCHESON	TRUSTEE	1.00	Director	$0	$0	$0
ERIC COSTON	FIRE CHIEF	30.00	Officer	$0	$0	$0
CALLA PERRINE	MANAGER OF OPERATIONS	35.00	Key Emp	$38,675	$0	$38,675
CHRIS WELSH	OPERATIONS COMMITTEE	1.00	Director	$0	$0	$0
ERIC COSTON	OPERATIONS COMMITTEE	1.00	Director	$0	$0	$0
ERIC COSTON	FIRE CAPTAIN	2.00	Officer	$0	$0	$0
LEA ANN COSTON	PRESIDENT	3.00	Officer	$0	$0	$0
JAYNE URQUHART	VICE PRESIDENT	0.75	Officer	$0	$0	$0
MARY VOGAN	SECRETARY	1.25	Officer	$0	$0	$0
ROSE ANN GORDON	TREASURER	2.00	Officer	$0	$0	$0
LINDA HAMILTON	TRUSTEE	0.80	Director	$0	$0	$0
DEBBIE I HAMILTON	TRUSTEE	0.69	Director	$0	$0	$0
LAURIE HAMILTON	TRUSTEE	0.80	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	No data	No data	No data	No data
2023	$312,458	$260,921	$1,224,055	$51,537
2022	$410,643	$264,976	$1,224,378	$145,667
2021	$294,713	$215,486	$1,130,942	$79,227
2020	$114,196	$170,483	$920,345	$-56,287

EAST MEAD VOLUNTEER FIRE COMPANY NO 1