WOLCOTTSVILLE VOLUNTEER FIRE COMPA… - 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

1947

Legal Domicile

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

ASSIST IN PREVENTION AND EXTINGUISHING FIRES AND TO PROTECT LIVES AND TO PROTECT AND PRESERVE PROPERTY FROM DAMAGE BY FIRE IN THE TOWN OF ROYALTON, COUNTY OF NIAGARA, AND STATE OF NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $308,588

WOLCOTTSVILLE VOLUNTEER FIRE COMPANY'S MAIN PURPOSE IS TO PROVIDE FIRE AND EMERGENCY PROTECTION TO THE TERRITORY IN WHICH THE OPERATIONS OF THE ORGANIZATION ARE PRINCIPALLY CONDUCTED AND ADJACENT...

WOLCOTTSVILLE VOLUNTEER FIRE COMPANY'S MAIN PURPOSE IS TO PROVIDE FIRE AND EMERGENCY PROTECTION TO THE TERRITORY IN WHICH THE OPERATIONS OF THE ORGANIZATION ARE PRINCIPALLY CONDUCTED AND ADJACENT AREAS WHEN SUMMONED OR CONTRACTED.

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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 $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

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
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

WOLCOTTSVILLE VOLUNTEER FIRE COMPANY INC