FARMINGTON VOLUNTEER FIRE COMPANY … - Form 990 Financial Data

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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

1951

Legal Domicile

Principal Officer

RICHIE SMITH

Phone

3023984445

Tax Period

2025-01-01 to 2025-12-31

FARMINGTON VOLUNTEER FIRE COMPANY INC, founded in 1951, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025. The organization ran a surplus of $623K, a strong 53% 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.

Program Service Accomplishments

Program 1

Expenses: $519,881

TO PROVIDE FIRE AND RESCUE SERVICES TO THE COMMUNITY OF 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $967,055

Program Service Revenue $0

Investment Income $205,058

Other Revenue $6,823

TOTAL REVENUE $1,178,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,822

Program Expenses $519,881

Other Expenses $550,304

TOTAL EXPENSES $556,295

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,178,936	$1,178,689	+0.0%
Expenses	$556,295	$523,333	+0.1%
Net Income	$622,641	$655,356	0.0%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIMMY ANTHONY	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BUSHEY	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
RAYMOND DEAN	DIRECTOR	1.00	Director	$0	$0	$0
ART FARIELLO	DIRECTOR	4.00	Director	$0	$0	$0
BILLY KEENE	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA MCCLOSKEY	TREASURER	4.00	Officer Director	$0	$0	$0
JEFF MCCOMBS	DIRECTOR	2.00	Director	$0	$0	$0
MIKE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
RICHIE SMITH	PRESIDENT	4.00	Officer Director	$0	$0	$0
LOUIS THIBAULT	DIRECTOR	1.00	Director	$0	$0	$0
ADAM WARNER	SECRETARY	4.00	Officer Director	$0	$0	$0
TOM WILLIAMS	FIRE CHIEF	2.00	Officer Director	$0	$0	$0
JOE ZEROLES	DIRECTOR	4.00	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
2025	$1,178,936	$556,295	$6,603,919	$622,641
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

FARMINGTON VOLUNTEER FIRE COMPANY INC