NEW MILFORD FIRE COMPANY 2 INC (EIN 383753579) - 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

1956

Legal Domicile

Principal Officer

GEORGE SAIGH

Phone

2012651631

Tax Period

2023-01-01 to 2023-12-31

NEW MILFORD FIRE COMPANY 2 INC, founded in 1956, is a micro nonprofit in the Public Safety sector that reported $61K in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $52K left a modest 14% surplus.

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 $55,377

Program Service Revenue $0

Investment Income $99

Other Revenue $5,084

TOTAL REVENUE $60,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,740

Program Expenses $35,038

Other Expenses $51,827

TOTAL EXPENSES $51,827

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,560	$33,556	+0.8%
Expenses	$51,827	$33,495	+0.5%
Net Income	$8,733	$61	+142.2%

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
JAMES TUFARO	PRESIDENT	10.00	Officer	$0	$0	$0
JAMES FAVIA	VICE PRESIDENT	10.00	Officer	$0	$0	$0
MATTHEW PORRINO	SECRETARY	10.00	Officer	$0	$0	$0
GEORGE SAIGH	TREASURER	10.00	Officer	$0	$0	$0
RICHARD KOCH	FINANCIAL SECRETARY	10.00	Officer	$0	$0	$0
ALAN SILVERMAN	TRUSTEE	5.00	Director	$0	$0	$0
JAMES HOWARD	TRUSTEE	5.00	Director	$0	$0	$0
RICHARD KOCH	TRUSTEE	5.00	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	No data	No data	No data	No data
2023	$60,560	$51,827	$134,633	$8,733
2022	$33,556	$33,495	$125,900	$61

NEW MILFORD FIRE COMPANY 2 INC