WOLCOTTSVILLE VOLUNTEER FIRE COMPANY INC

EIN: 300732437 501(c)(3) Public Safety

AKRON, NY

Total Revenue
$389,119
Total Expenses
$343,579
Total Assets
$537,308
Net Assets
$290,556
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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
1947
Legal Domicile
NY
Principal Officer
RICH GROFF
Phone
7165424422
Tax Period
2024-01-01 to 2024-12-31

WOLCOTTSVILLE VOLUNTEER FIRE COMPANY INC, founded in 1947, is a small nonprofit in the Public Safety sector that reported $389K in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $344K left a modest 12% surplus.

Mission

TO PROVIDE FIRE AND EMERGENCY PROTECTIONS TO THE CITIZENS AND PROPERTY IN THE AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $291,546
Program Service Revenue $20,386
Investment Income $4,342
Other Revenue $72,845
TOTAL REVENUE $389,119

Expense Breakdown

Grants Paid $3,490
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $308,588
Other Expenses $340,089
TOTAL EXPENSES $343,579

Year-over-Year Comparison

2024 2023 Change
Revenue $389,119 $229,013 +0.7%
Expenses $343,579 $183,360 +0.9%
Net Income $45,540 $45,653 0.0%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL TOBIN PRESIDENT 3.00
Officer Director
$0 $0 $0
HANNAH CRANE VICE PRESIDENT 2.50
Officer Director
$0 $0 $0
PAUL GURNETT CHIEF 4.00
Director
$0 $0 $0
RICHARD GROFF TREASURER 3.00
Officer Director
$0 $0 $0
DARLENE GURNETT SECRETARY 2.00
Officer Director
$0 $0 $0
MATTHEW BEDFORD ASSISTANT CHIEF 2.00
Director
$0 $0 $0
LUKE GEIGER TRUSTEE 2.00
Director
$0 $0 $0
SCOTT WYMYCZAK TRUSTEE/FIRE POLICE CAPT 2.00
Director
$0 $0 $0
CHRIS CARIER TRUSTEE / 1ST ASSISTANT CH 2.00
Director
$0 $0 $0
BRIAN GROFF TRUSTEE 2.00
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 $389,119 $343,579 $537,308 $45,540
2023 $229,013 $183,360 $509,218 $45,653
2022 $222,677 $251,466 $480,590 $-28,789
2021 $252,377 $198,509 $561,144 $53,868
2020 $133,397 $223,107 $537,047 $-89,710
2019 $211,843 $234,979 $654,102 $-23,136
2018 $226,379 $254,758 $801,908 $-28,379
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