GREENWOOD VOLUNTEER FIRE COMPANY NO 1 OF GREENWOOD DELAWARE (EIN 510208938) - 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

1923

Legal Domicile

Principal Officer

JUSTIN BOYCE

Phone

3023494529

Tax Period

2024-01-01 to 2024-12-31

GREENWOOD VOLUNTEER FIRE COMPANY NO 1 OF GREENWOOD DELAWARE, founded in 1923, is a community nonprofit in the Public Safety sector that reported $1.9M in total revenue in fiscal year 2024. The organization ran a surplus of $359K, a strong 19% operating margin.

Mission

VOLUNTEER FIREFIGHTING AND PREVENTION, AND EMERGENCY MEDICAL ASSISTANCE

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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 $1,418,744

Program Service Revenue $306,010

Investment Income $856

Other Revenue $154,109

TOTAL REVENUE $1,879,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $664,914

Fundraising Expenses $0

Program Expenses $1,520,605

Other Expenses $855,691

TOTAL EXPENSES $1,520,605

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,879,719	$1,769,624	+0.1%
Expenses	$1,520,605	$1,565,765	0.0%
Net Income	$359,114	$203,859	+0.8%

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

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
JUSTIN BOYCE	PRESIDENT	10.00	Officer	$0	$0	$0
MARIA PUSEY	SECRETARY	5.00	Officer	$0	$0	$0
ELLIE MITCHELL	TREASURER	10.00	Officer	$0	$0	$0
DAVID WARNER	FIRE REC	5.00	Director	$0	$0	$0
BRUCE BOWMAN	DIRECTOR AT	5.00	Director	$0	$0	$0
DAVID MINTON JR	DIRECTOR AT	5.00	Director	$0	$0	$0
CHRIS PETRONE JR	FIRE CHIEF	5.00	Director	$0	$0	$0
RYAN BOYCE	VP	5.00	Officer	$0	$0	$0
DALE WILLEY	DIRECTOR AT	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	$1,879,719	$1,520,605	$6,024,447	$359,114
2023	$1,769,624	$1,565,765	$5,786,118	$203,859
2022	$1,371,537	$1,288,993	$5,214,564	$82,544
2021	$1,696,154	$1,222,773	$5,270,403	$473,381
2020	$1,212,790	$1,072,298	$5,119,135	$140,492
2019	$1,655,886	$1,056,547	$5,000,340	$599,339
2018	$1,228,193	$1,084,363	$4,581,334	$143,830

GREENWOOD VOLUNTEER FIRE COMPANY NO 1 OF GREENWOOD DELAWARE