INWOOD FIRE DEPT OF INWOOD NASSAU COUNTY NY

EIN: 274716122 501(c)(3) Public Safety

INWOOD, NY

Total Revenue
$47,598
Total Expenses
$48,887
Total Assets
$728,747
Net Assets
$728,747
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1910
Legal Domicile
NY
Principal Officer
MICHAEL ABRAMS
Phone
5162393057
Tax Period
2023-01-01 to 2023-12-31

INWOOD FIRE DEPT OF INWOOD NASSAU COUNTY NY, founded in 1910, is a micro nonprofit in the Public Safety sector that reported $48K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $729K represent 184 months of operating reserves.

Mission

TO AID IN THE PRESERVATION OF LIFE AND PROPERTY. THIS MISSION IS CONDUCTED WITH THE PARTICIPATION OF THE BRAVE MEN AND WOMEN FROM OUR COMMUNITY WHO, WITHOUT A SALARY, SACRIFICE TIME FROM THEIR FAMILIES TO SERVE OTHERS. OUR VOLUNTEERS CONTRIBUTE TO ALL OF OUR COMMUNITY'S PUBLIC SAFETY-RELATED FUNCTIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,330
Program Service Revenue $0
Investment Income $14,281
Other Revenue $18,987
TOTAL REVENUE $47,598

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $44,911
Other Expenses $48,887
TOTAL EXPENSES $48,887

Year-over-Year Comparison

2023 2022 Change
Revenue $47,598 $59,902 -0.2%
Expenses $48,887 $49,800 0.0%
Net Income $-1,289 $10,102 -1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK BALZANO DIRECTOR 5.00
Director
$0 $0 $0
KENNETH OEHLER DIRECTOR 5.00
Director
$0 $0 $0
ROYAL PEARSALL JR DIRECTOR 5.00
Director
$0 $0 $0
ANTHONY ROMANO DIRECTOR 5.00
Director
$0 $0 $0
JAMES PEARSALL DIRECTOR 5.00
Director
$0 $0 $0
PATRICK SARRO PRESIDENT 5.00
Officer
$0 $0 $0
WILLIS SANDS VICE PRESIDENT 5.00
Officer
$0 $0 $0
MICHAEL ABRAMS TREASURER 5.00
Officer
$0 $0 $0
JUAN RODRIGUEZ RECORDING SECRETARY 5.00
Officer
$0 $0 $0
JOSEPHA REDA ASSISTANT TREASURER 5.00
Officer
$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 $47,598 $48,887 $728,747 $-1,289
2022 $59,902 $49,800 $730,036 $10,102
2020 $70,212 $57,627 $705,603 $12,585
2019 $61,688 $53,140 $688,540 $8,548
2018 $66,500 $71,765 $668,163 $-5,265
2018 $60,009 $53,445 $679,992 $6,564
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