ARMONK INDEPENDENT FIRE COMPANY INC (EIN 270227762) - 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

1933

Legal Domicile

Principal Officer

Rich Greenwald

Phone

9142733292

Tax Period

2025-01-01 to 2025-12-31

ARMONK INDEPENDENT FIRE COMPANY INC, founded in 1933, is a small nonprofit in the Public Safety sector that reported $386K in total revenue in fiscal year 2025. Expenses of $347K left a modest 10% surplus.

Mission

Provide fire protection and suppression and emergency medical services including recruitment, training, and retention

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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 (2025)

Revenue Breakdown

Contributions & Grants $74,760

Program Service Revenue $279,930

Investment Income $1,547

Other Revenue $29,589

TOTAL REVENUE $385,826

Expense Breakdown

Grants Paid $305,055

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $347,392

Other Expenses $7,383

TOTAL EXPENSES $347,392

Year-over-Year Comparison

	2025	2024	Change
Revenue	$385,826	$383,969	+0.0%
Expenses	$347,392	$378,795	-0.1%
Net Income	$38,434	$5,174	+6.4%

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
Rich Greenwald	President	5	Officer	$0	$0	$0
Alex Greene	Vice President	5	Officer	$0	$0	$0
Charlie Swift	Treasurer	5	Officer	$0	$0	$0
Salvatore Divitto	Financial Secretary	5	Officer	$0	$0	$0
Leith Colton	Recording Secretary	5	Officer	$0	$0	$0
Robin Lovell	President	5		$0	$0	$0
Victoria Cipollone	Vice President	5		$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
2025	$385,826	$347,392	$229,306	$38,434
2024	$383,969	$378,795	$190,872	$5,174
2023	$227,885	$215,018	$185,698	$12,867
2022	$218,216	$261,497	$172,793	$-43,281
2021	$209,609	$176,919	$216,074	$32,690
2021	$181,049	$153,150	$183,334	$27,899
2020	$165,438	$142,373	$155,435	$23,065

ARMONK INDEPENDENT FIRE COMPANY INC