WANTAGH FIRE DEPARTMENT

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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

1969

Legal Domicile

Principal Officer

JOHN LICATA

Phone

5167850180

Tax Period

2024-01-01 to 2024-12-31

WANTAGH FIRE DEPARTMENT, founded in 1969, is a small nonprofit in the Public Safety sector that reported $250K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $279K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROMOTE THE SOCIAL WELFARE AND WELL-BEING OF THE COMMUNITY IN THE FORM OF FIRE FIGHTING,FIRE PROTECTION, FIRE SAFETY, FIRE EDUCATION AND EMERGENCY MEDICAL SERVICES TO A GOVERNMENTAL ENTITY.

Program Service Accomplishments

Program 1

Expenses: $208,715

GIFTS, GRANTS AND CONTRIBUTIONS TO OTHER NPOS:THE WANTAGH FIRE DEPARTMENT CONDUCTS AN ANNUAL DIRECT MAIL AND "DOOR-TO-DOOR" FUNDRAISING CAMPAIGN. ALL OF THE MEMBERS OF THE VOLUNTEER FIRE COMPANIES OF THE DEPARTMENT PARTICIPATE BY VOLUNTERRING THEIR TIME AND TALENTS TO THE FUNDRAISING EFFORT. THE FIRE DEPARTMENT THEN GRANTS THE NET PROCEEDS GENERATED FROM THE ANNUAL CAMPAIGN TO THE DEPARTMENT'S FIRE COMPANIES IN ORDER TO ASSIST THE FIRE COMPANIES IN PROVIDING VOLUNTEER FIRE PROTECTION, FIRE EDUCATION AND AWARENESS, EMERGENCY MEDICAL ASSISTANCE, HAZARDOUS MATERIAL RESPONSE AND REMOVAL SERVICES, AND LIFE PRESERVATION SERVICES TO THE LOCAL COMMUNITY. MONEYS DISTRIBUTED TO THE DEPARTMENT'S FIRE COMPANIES ALSO ASSISTS THE FIRE COMPANIES IN PROVIDING MUTUAL AID TO SURROUNDING DISTRICTS.TO CONTINUE, THE WANTAGH FIRE DEPARTMENT GRANTS MONEYS TO OTHER OUTSIDE CIVIC ORGANIZATIONS THAT PROMOTE SOCIAL WELFARE, EDUCATION AND THE BETTERMENT OF THE SURROUNDING COMMUNITIES.

Program 2

Expenses: $52,229

THE WANTAGH FIRE DEPARTMENT SPONSORS VARIOUS MORALE BUILDING EVENTS AND ACTIVITIES FOR ITS CURRENT VOLUNTEER MEMBERS, INCLUDING INTERACTIVE PUBLIC AWARENESS AND EDUCATIONAL WORKSHOPS RELATED TO FIRE SAFETY, EMERGENCY SERVICES, DISASTER PREPAREDNESS AND FIRST AID. SUCH EVENTS PROMOTE COMMUNITY INVOLVEMENT AND ENCOURAGE PROSPECTIVE MEMBERS TO JOIN THE FIRE DEPARTMENT.

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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 $164,991

Program Service Revenue $0

Investment Income $403

Other Revenue $84,119

TOTAL REVENUE $249,513

Expense Breakdown

Grants Paid $152,214

Salaries & Benefits $21,500

Fundraising Expenses $0

Program Expenses $260,944

Other Expenses $74,035

TOTAL EXPENSES $279,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,513	$229,398	+0.1%
Expenses	$279,388	$241,819	+0.2%
Net Income	$-29,875	$-12,421	+1.4%

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

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

$21,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL H KRUSSMANN	3RD ASSISTANT CHIEF	10.00	Officer Director	$0	$0	$0
LEONARD J MATHEWSON	CHIEF OF DEPARTMENT	10.00	Officer Director	$0	$0	$0
WILLIAM L STEVENS	1ST ASSISTANT CHIEF	10.00	Officer Director	$0	$0	$0
WILLIAM T VAN LEER	2ND ASSISTANT CHIEF	10.00	Officer Director	$0	$0	$0
JOHN LICATA	TREASURER	20.00	Director	$9,000	$0	$9,000
LISA LANG-GROSS	RECORDING SECRETARY	15.00	Director	$6,500	$0	$6,500
KEVIN REGAN	CORRESPONDING SECRETARY	10.00	Director	$6,000	$0	$6,000

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	$249,513	$279,388	$152,555	$-29,875
2023	$229,398	$241,819	$200,382	$-12,421
2022	$254,941	$253,593	$213,243	$1,348
2021	$258,415	$278,901	$212,645	$-20,486
2020	$147,654	$151,471	$217,475	$-3,817
2019	$234,208	$200,266	$223,530	$33,942
2018	$254,327	$255,444	$201,287	$-1,117