HARRINGTON FIRE COMPANY INC MIKE LAYTON

EIN: 510079874 501(c)(3) Public Safety

HARRINGTON, DE

Total Revenue
$1,974,613
Total Expenses
$1,719,043
Total Assets
$6,403,818
Net Assets
$6,061,596
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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
1902
Legal Domicile
DE
Principal Officer
ROB BRODE
Phone
3023988931
Tax Period
2024-01-01 to 2024-12-31

HARRINGTON FIRE COMPANY INC MIKE LAYTON, founded in 1902, is a community nonprofit in the Public Safety sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 13% surplus.

Mission

VOLUNTEER FIRE, AMBULANCE AND RESCUE SERVICES

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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 $1,141,681
Program Service Revenue $655,818
Investment Income $41,367
Other Revenue $135,747
TOTAL REVENUE $1,974,613

Expense Breakdown

Grants Paid $0
Salaries & Benefits $267,261
Fundraising Expenses $0
Program Expenses $1,704,194
Other Expenses $1,451,782
TOTAL EXPENSES $1,719,043

Year-over-Year Comparison

2024 2023 Change
Revenue $1,974,613 $1,866,901 +0.1%
Expenses $1,719,043 $1,577,180 +0.1%
Net Income $255,570 $289,721 -0.1%
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

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Governance

Voting Members
15
Independent Members
15
Employees
27
Volunteers
85

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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROB BRODE PRESIDENT N/A
Officer
$0 $0 $0
MARK SCRIBNER II VICE PRESIDE N/A
Officer
$0 $0 $0
CODY OUTTEN SECRETARY N/A
Officer
$0 $0 $0
CINDY MCCOMBS ASST SECRETA N/A
Officer
$0 $0 $0
MICHAEL LAYTON TREASURER N/A
Officer
$0 $0 $0
CHAD ROBINSON ASST TREASUR N/A
Officer
$0 $0 $0
EDWARD WELCH FINANCIAL SE N/A
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 $1,974,613 $1,719,043 $6,403,818 $255,570
2023 $1,866,901 $1,577,180 $6,245,305 $289,721
2022 $1,737,980 $1,421,494 $6,034,626 $316,486
2021 $1,385,758 $1,235,196 $5,548,225 $150,562
2020 $1,214,519 $1,189,334 $5,301,936 $25,185
2019 $1,297,453 $1,180,147 $5,383,130 $117,306
2018 $1,153,800 $961,367 $5,401,429 $192,433
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