HOCKESSIN FIRE COMPANY (EIN 516016981) - 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

1936

Legal Domicile

Principal Officer

DAN CARRIER

Phone

3022397159

Tax Period

2024-01-01 to 2024-12-31

HOCKESSIN FIRE COMPANY, founded in 1936, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 8% surplus.

Mission

PROTECT AGAINST THE LOSS OF LIFE AND PROPERTY THROUGH FIRE PREVENTION AND FIRE SUPPRESSION, RESCUE AND AMBULANCE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,066,152

Program Service Revenue $1,116,245

Investment Income $97,416

Other Revenue $246,595

TOTAL REVENUE $3,526,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,730,900

Fundraising Expenses $19,306

Program Expenses $2,979,657

Other Expenses $1,528,621

TOTAL EXPENSES $3,259,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,526,408	$3,230,148	+0.1%
Expenses	$3,259,521	$3,218,535	+0.0%
Net Income	$266,887	$11,613	+22.0%

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

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	Role	Reportable Comp	Other Comp	Total
DANIEL CARRIER	PRESIDENT	Officer Director	$0	$0	$0
BRUCE POOLE	VICE PRESIDENT	Officer Director	$0	$0	$0
JAMES THOMPSON	TREASURER	Officer Director	$0	$0	$0
HELEN FORWOOD	RECORDING SECRETARY	Officer Director	$0	$0	$0
MICHAEL A PERRONE	FIRE CHIEF	Officer Director	$0	$0	$0
NICHOLAS ALBERT	DIRECTOR	Director	$0	$0	$0
MICHAEL EDISON	DIRECTOR	Director	$0	$0	$0
TERRY LAKE	DIRECTOR	Director	$0	$0	$0
DAVID P ROSER	DIRECTOR	Director	$0	$0	$0
DREW OUTTEN	DIRECTOR	Director	$0	$0	$0
D RANDALL BROADWATER	DIRECTOR	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	No data	No data	No data	No data
2024	$3,526,408	$3,259,521	$6,072,487	$266,887
2023	$3,230,148	$3,218,535	$5,894,362	$11,613
2022	$2,910,164	$3,001,454	$5,278,232	$-91,290
2021	$2,725,141	$2,918,995	$5,429,022	$-193,854
2020	$2,394,247	$2,931,135	$5,680,795	$-536,888
2019	$2,541,074	$2,614,314	$6,088,432	$-73,240
2018	$2,387,401	$2,578,065	$6,051,608	$-190,664

HOCKESSIN FIRE COMPANY