FRANKLIN PARK VOLUNTEER FIRE CO NO… - Form 990 Financial Data

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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

1922

Legal Domicile

Phone

4123673392

Tax Period

2023-01-01 to 2023-12-31

FRANKLIN PARK VOLUNTEER FIRE CO NO 1, founded in 1922, is a small nonprofit that reported $233K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $456K exceeded revenue, resulting in a 96% operating deficit.

Mission

Provide Volunteer Fire Fighting and emergency services to the Franklin Park Borough Community and surrounding mutual aid communities.

Program Service Accomplishments

Program 1

Expenses: $455,834 Revenue: $232,742

Provide Volunteer Fire Fighting and emergency services to the Franklin Park Borough Community and surrounding mutual aid communities.

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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 $231,089

Program Service Revenue $0

Investment Income $1,653

Other Revenue $0

TOTAL REVENUE $232,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $455,834

Other Expenses $455,834

TOTAL EXPENSES $455,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$232,742	$255,598	-0.1%
Expenses	$455,834	$578,404	-0.2%
Net Income	$-223,092	$-322,806	-0.3%

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
Andy Nock	President	20.00	Officer Director	$0	$0	$0
Bill Miller	Vice-President	10.00	Officer Director	$0	$0	$0
Bob George	Recording Secretary	10.00	Officer Director	$0	$0	$0
John Parks	Treasurer	20.00	Officer Director	$0	$0	$0
Luke Myslinski	Financial Secretary	20.00	Officer Director	$0	$0	$0
Jared Dauer	Recording Secretary	10.00	Officer Director	$0	$0	$0
Scott Kloes	Director	10.00	Director	$0	$0	$0
Joe Birch	Director	10.00	Director	$0	$0	$0
N/A	Director	10.00	Director	$0	$0	$0
Ben Marriner	Director	10.00	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	No data	No data	No data	No data
2023	$232,742	$455,834	$6,768,734	$-223,092
2022	$255,598	$578,404	$7,024,513	$-322,806
2021	$415,083	$442,529	$7,272,912	$-27,446

FRANKLIN PARK VOLUNTEER FIRE CO NO 1