GOODWILL FIRE COMPANY NO 1 INC

EIN: 510070987 501(c)(3) Public Safety

NEW CASTLE, DE

Total Revenue
$3,078,748
Total Expenses
$2,600,643
Total Assets
$6,112,545
Net Assets
$5,104,014
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1907
Legal Domicile
DE
Principal Officer
WILLIAM ROBINETT
Phone
3023282211
Tax Period
2024-01-01 to 2024-12-31

GOODWILL FIRE COMPANY NO 1 INC, founded in 1907, is a community nonprofit in the Public Safety sector that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $478K, a strong 16% operating margin.

Mission

WE PROVIDE PROVIDE EMERGENCY FIRE RESPONSE, RESCUE, AMBULANCE, MARINE RESCUE AND OTHER SERVICES WITHIN AND OUT OF OUR COMMUNITY. OUR COMPANY GOALS ARE TO PROVIDE UPGRADED FACILITIES, EQUIPMENT, VEHICLES, AND FIRE GEAR TO SERVE OUR COMMUNITY. TRAINING OF OUR VOLUNTEERS IS UPDATED CONSTANTLY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,285,985
Program Service Revenue $479,329
Investment Income $237,425
Other Revenue $76,009
TOTAL REVENUE $3,078,748

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,674,034
Fundraising Expenses $23,224
Program Expenses $2,475,422
Other Expenses $926,609
TOTAL EXPENSES $2,600,643

Year-over-Year Comparison

2024 2023 Change
Revenue $3,078,748 $2,811,279 +0.1%
Expenses $2,600,643 $2,517,082 +0.0%
Net Income $478,105 $294,197 +0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
13
Employees
40
Volunteers
130

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
6
$27,305
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM ROBINETT PRESIDENT/DI 20.00
Officer Director
$0 $0 $0
RAYMOND KRETT JR ASSISTANT TR 20.00
Officer Director
$0 $0 $0
DAVID MAJEWSKI SR DIRECTOR N/A
Director
$0 $0 $0
LAWRENCE GUYER TREASURER 20.00
Officer
$0 $0 $0
JAMIELEE MAJEWSKI DIRECTOR 15.00
Director
$0 $0 $0
SUSAN MOORE SECRETARY 30.00
Officer
$27,305 $0 $27,305
BRIAN CANNON DIRECTOR 15.00
Director
$0 $0 $0
JOSEPH MULLEN VICE PRESIDE 10.00
Officer
$0 $0 $0
DAVID MAJEWSKI JR DIRECTOR 5.00
Director
$0 $0 $0
ROBERT HAUG DIRECTOR 5.00
Director
$0 $0 $0
CHRIS RIALE DIRECTOR 5.00
Director
$0 $0 $0
KEITH WILSON DIRECTOR 5.00
Director
$0 $0 $0
KYLE YOUNG DIRECTOR 5.00
Director
$0 $0 $0
RAYMOND KRETT JR RISK MANAGEM 20.00
Officer
$0 $0 $0
GROVER INGLE DIRECTOR 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 $3,078,748 $2,600,643 $6,112,545 $478,105
2023 $2,811,279 $2,517,082 $5,769,609 $294,197
2022 $2,318,993 $2,202,317 $5,636,087 $116,676
2021 $2,255,869 $1,894,876 $5,883,178 $360,993
2020 $1,962,266 $1,779,729 $4,066,909 $182,537
2019 $2,098,473 $1,700,017 $3,961,081 $398,456
2018 $1,601,848 $1,528,116 $3,633,137 $73,732
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