GOODWILL FIRE COMPANY NO 2 (EIN 311773186) - 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

1929

Legal Domicile

Phone

7329748811

Tax Period

2023-01-01 to 2023-12-31

GOODWILL FIRE COMPANY NO 2, founded in 1929, is a micro nonprofit in the Public Safety sector that reported $42K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13K, a strong 31% operating margin.

Mission

VOLUNTEER 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 (2023)

Revenue Breakdown

Contributions & Grants $42,402

Program Service Revenue $0

Investment Income $27

Other Revenue $0

TOTAL REVENUE $42,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,509

Other Expenses $29,250

TOTAL EXPENSES $29,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,429	$66,510	-0.4%
Expenses	$29,250	$60,089	-0.5%
Net Income	$13,179	$6,421	+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

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
TED FREEMAN JR	TRUSTEE	5.00	Director	$0	$0	$0
RUSSELL BRAHN	TRUSTEE	5.00	Director	$0	$0	$0
EDWARD MEGILL	TRUSTEE	5.00	Director	$0	$0	$0
SCOTT MASON	PRESIDENT	5.00	Officer	$0	$0	$0
CHRISTOPHER D'EUFEMIA	VICE PRESIDENT	5.00	Officer	$0	$0	$0
DAN POLLACK	SECRETARY	5.00	Officer	$0	$0	$0
JEFFREY SIEMINSKI	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
2023	$42,429	$29,250	$244,189	$13,179
2022	$66,510	$60,089	$231,010	$6,421
2021	$63,732	$58,325	$224,589	$5,407
2020	$50,498	$47,815	$219,182	$2,683
2019	$56,309	$56,165	$216,498	$144
2018	$68,625	$48,482	$216,355	$20,143

GOODWILL FIRE COMPANY NO 2