NEW GOSHEN FIRE AND RESCUE INC (EIN 351677892) - 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

1998

Legal Domicile

Phone

8125353600

Tax Period

2023-01-01 to 2023-12-31

NEW GOSHEN FIRE AND RESCUE INC, founded in 1998, is a small nonprofit in the Public Safety sector that reported $217K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $536K represent 30 months of operating reserves.

Mission

TO PROVIDE FIRE PROTECTION, EMERGENCY MEDICAL SERVICES, PUBLIC EDUCATION AND PUBLIC SERVICE TO THE RESIDENTS OF FAYETTE TOWNSHIP, VIGO COUNTY, INDIANA.

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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 $1,570

Program Service Revenue $212,526

Investment Income $18

Other Revenue $3,360

TOTAL REVENUE $217,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,234

Fundraising Expenses $0

Program Expenses $230,081

Other Expenses $158,847

TOTAL EXPENSES $230,081

Year-over-Year Comparison

	2023	2022	Change
Revenue	$217,474	$235,515	-0.1%
Expenses	$230,081	$262,219	-0.1%
Net Income	$-12,607	$-26,704	-0.5%

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

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
NATHAN GOODWIN	President	1.00	Officer	$0	$0	$0
TAYLOR WHITE	Vice President	1.00	Officer	$0	$0	$0
KENNY WHITESELL	Secretary	2.00	Officer	$0	$0	$0
STEVE SOLOMON	Treasurer	5.00	Officer	$0	$0	$0
TERRY MEADLO	FIRE CHIEF	20.00	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	$217,474	$230,081	$536,328	$-12,607
2022	$235,515	$262,219	$548,935	$-26,704
2021	$193,315	$197,947	$575,639	$-4,632
2020	$93,039	$185,095	$580,271	$-92,056
2019	$226,821	$163,751	$673,707	$63,070
2018	$257,184	$161,347	$637,980	$95,837

NEW GOSHEN FIRE AND RESCUE INC