FARMINGTON VOLUNTEER FIRE COMPANY INC

EIN: 510206177

FARMINGTON, DE

Total Revenue
$1,178,689
Total Expenses
$523,333
Total Assets
$5,981,278
Net Assets
$5,981,278
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
DE
Principal Officer
JOHN BUSHEY
Phone
3023984445
Tax Period
2024-01-01 to 2024-12-31

FARMINGTON VOLUNTEER FIRE COMPANY INC, founded in 1951, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $655K, a strong 56% operating margin.

Mission

VOLUNTEER FIRE COMPANY OPERATING AND MAINTAINING A FIRE HOUSE AND EQUIPMENT TO PROVIDE FIRE AND RESCUE SERVICES FOR THE FARMINGTON, DELAWARE FIRE DISTRICT.

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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 $1,027,399
Program Service Revenue $0
Investment Income $144,965
Other Revenue $6,325
TOTAL REVENUE $1,178,689

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $12,822
Program Expenses $496,651
Other Expenses $517,695
TOTAL EXPENSES $523,333

Year-over-Year Comparison

2024 2023 Change
Revenue $1,178,689 $858,626 +0.4%
Expenses $523,333 $445,053 +0.2%
Net Income $655,356 $413,573 +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

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
11
Independent Members
11
Employees
N/A
Volunteers
22

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIMMY ANTHONY DIRECTOR 4.00
Director
$0 $0 $0
JAMES BAYNUM DIRECTOR 4.00
Director
$0 $0 $0
JOHN BUSHEY TREASURER 10.00
Officer Director
$0 $0 $0
RAYMOND DEAN DIRECTOR 4.00
Director
$0 $0 $0
ART FARIELLO DIRECTOR 4.00
Director
$0 $0 $0
JEFF MCCOMBS DIRECTOR 4.00
Director
$0 $0 $0
RICHARD SMITH VICE PRESIDE 6.00
Officer Director
$0 $0 $0
LOUIS THIBAULT DIRECTOR 4.00
Director
$0 $0 $0
ADAM WARNER SECRETARY 6.00
Officer Director
$0 $0 $0
TOM WILLIAMS FIRE CHIEF 10.00
Officer Director
$0 $0 $0
JOE ZEROLES PRESIDENT 10.00
Officer 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 $1,178,689 $523,333 $5,981,278 $655,356
2023 $858,626 $445,053 $5,325,922 $413,573
2022 $966,976 $412,482 $4,912,349 $554,494
2021 $676,289 $421,654 $4,357,855 $254,635
2020 $656,122 $373,557 $4,103,220 $282,565
2019 $597,086 $346,052 $3,820,655 $251,034
2018 $567,648 $374,453 $3,569,621 $193,195
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