Syosset Fire Company No 1 Inc

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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

1916

Legal Domicile

Principal Officer

JOHN KOLOGI

Phone

5165267951

Tax Period

2023-01-01 to 2023-12-31

Syosset Fire Company No 1 Inc, founded in 1916, is a small nonprofit in the Public Safety sector that reported $103K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $115K exceeded revenue, resulting in a 12% operating deficit.

Mission

FIRE PROTECTION, RESCUE AND PREVENTION IN SYOSSET, NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $80,981

TRAINING OF VOLUNTEER FIREFIGHTERS, MEETINGS TO PROMOTE THE FIRE DEPARTMENT AND RECRUITMENT AND RETENTION OF VOLUNTEER FIREFIGHTERS.

Program 2

Expenses: $17,838

COMMUNITY AWARENESS OF FIRE PREVENTION AND SAFETY. PARTICIPATION IN COMMUNITY ACTIVITIES.

Program 3

Expenses: $235

PROVIDE FIRE PROTECTION AND SUPPRESSION TO THE RESIDENTS OF SYOSSET, NY.

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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 $34,853

Program Service Revenue $0

Investment Income $-660

Other Revenue $68,900

TOTAL REVENUE $103,093

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,054

Other Expenses $110,449

TOTAL EXPENSES $115,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,093	$85,071	+0.2%
Expenses	$115,449	$84,876	+0.4%
Net Income	$-12,356	$195	-64.4%

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	Role	Reportable Comp	Other Comp	Total
DANIEL PERCELL	Director	Director	$0	$0	$0
DON RUSSO	Director	Director	$0	$0	$0
ROBERT SWANSON	Director	Director	$0	$0	$0
JOHN CAPOBIANCO	Director	Director	$0	$0	$0
JOHN KOLOGI	Treasurer	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	$103,093	$115,449	$220,916	$-12,356
2022	$85,071	$84,876	$234,359	$195
2021	$94,255	$87,606	$233,091	$6,649
2020	$82,019	$45,156	$226,791	$36,863
2019	$85,976	$83,537	$189,328	$2,439
2018	$103,349	$94,517	$186,889	$8,832