WEST HOMESTEAD VOLUNTEER FIRE COMPANY NO 1 (EIN 256055002) - 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

1901

Legal Domicile

Principal Officer

DAVID HARHAI

Phone

4124614799

Tax Period

2023-01-01 to 2023-12-31

WEST HOMESTEAD VOLUNTEER FIRE COMPANY NO 1, founded in 1901, is a small nonprofit that reported $267K in total revenue in fiscal year 2023. Revenue surged 326% from the prior year, signaling strong growth momentum. The organization ran a surplus of $197K, a strong 74% operating margin.

Mission

WEST HOMESTEAD VOLUNTEER FIRE DEPARTMENT HAS SERVED THE BOROUGH OF WEST HOMESTEAD AND SURROUNDING COMMUNITIES SINCE 1901 WITH THE LIFE SAVING MITIGATION SKILLS.

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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 $252,615

Program Service Revenue $0

Investment Income $453

Other Revenue $13,919

TOTAL REVENUE $266,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $431

Program Expenses $67,564

Other Expenses $66,688

TOTAL EXPENSES $69,841

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,987	$62,626	+3.3%
Expenses	$69,841	$150,289	-0.5%
Net Income	$197,146	$-87,663	-3.2%

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

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
JASON MCMICHAEL	BOARD MEMBER	8.00	Director	$0	$0	$0
CRAIG SINIAWSKI	BOARD MEMBER	8.00	Director	$0	$0	$0
WILLIAM MCLAUGHLIN	BOARD MEMBER	8.00	Director	$0	$0	$0
MICHAEL NOVOGRADAC	BOARD MEMBER	8.00	Director	$0	$0	$0
DEAN COLLINS	BOARD MEMBER	8.00	Director	$0	$0	$0
GEORGE MATTA	BOARD MEMBER	8.00	Director	$0	$0	$0
JOHN DINDAK	FIRE CHIEF	10.00	Director	$0	$0	$0
JB DINDAK	BOARD MEMBER	8.00	Director	$0	$0	$0
JAMES SINIAWSKI	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
DAVE HARHAI	PRESIDENT	10.00	Officer Director	$0	$0	$0
MAUREEN KELLY	TREASURER	10.00	Officer Director	$0	$0	$0
LYNN NIKOLAS	FINANCIAL SECRETARY	5.00	Officer Director	$0	$0	$0
STEVEN VINAY III	SECRETARY	8.00	Officer 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	$266,987	$69,841	$823,447	$197,146
2022	$62,626	$150,289	$614,232	$-87,663
2021	$331,072	$182,630	$707,672	$148,442

WEST HOMESTEAD VOLUNTEER FIRE COMPANY NO 1