WOLCOTT VOLUNTEER FIRE DEPT INC (EIN 510193960) - 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

1975

Legal Domicile

Principal Officer

JAMES HOLTON

Phone

8028884624

Tax Period

2024-07-01 to 2025-06-30

WOLCOTT VOLUNTEER FIRE DEPT INC, founded in 1975, is a micro nonprofit in the Public Safety sector that reported $86K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Net assets of $198K represent 28 months of operating reserves.

Mission

TO PROVIDE LOCAL RESPONDERS TO EMERGENCY SITUATIONS SUCH AS FIRES AND CAR ACCIDENTS, ETC. TO PROVIDE SAFETY AND TO MINIMIZE DAMAGE CAUSED BY THESE EMERGENCIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $86,423

Program Service Revenue $0

Investment Income $9

Other Revenue $0

TOTAL REVENUE $86,432

Expense Breakdown

Grants Paid $500

Salaries & Benefits $11,369

Fundraising Expenses $0

Program Expenses $84,580

Other Expenses $74,811

TOTAL EXPENSES $86,680

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,432	$229,962	-0.6%
Expenses	$86,680	$120,037	-0.3%
Net Income	$-248	$109,925	-1.0%

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

N/A

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

$5,511

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HOLTON	FIRE CHIEF	1.00	Officer	$1,735	$0	$1,735
STEVE PRINC	ASSISTANT CH	1.00	Officer	$1,418	$0	$1,418
BRETT EAGAN	1ST CAPTAIN/	1.00	Officer	$1,365	$0	$1,365
DANA CAMP	2ND CAPTAIN	1.00	Officer	$247	$0	$247
TJ BURNS	LIEUTENANT	1.00	Officer	$315	$0	$315
SAM AVERY	SECRETARY	1.00	Officer	$431	$0	$431

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
2025	$86,432	$86,680	$198,230	$-248
2024	$229,962	$120,037	$198,417	$109,925

WOLCOTT VOLUNTEER FIRE DEPT INC