HOLLOWAY TERRACE VOLUNTEER FIRE COMPANY #1 INC (EIN 516028721) - 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

1922

Legal Domicile

Principal Officer

MARK GOTT

Phone

3026542817

Tax Period

2023-10-01 to 2024-09-30

HOLLOWAY TERRACE VOLUNTEER FIRE COMPANY #1 INC, founded in 1922, is a community nonprofit in the Public Safety sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $868K, a strong 37% operating margin.

Mission

TO PROVIDE FIRE PROTECTION AND EMERGENCY MEDICAL SERVICES TO COMMUNITIES IN ITS IMMEDIATE LOCATION AND TO SUPPORT THE NEARBY VOLUNTEER FIRE COMPANIES AND THE COMMUNITIES THEY SERVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,884,336

Program Service Revenue $314,135

Investment Income $108,121

Other Revenue $29,810

TOTAL REVENUE $2,336,402

Expense Breakdown

Grants Paid $10,500

Salaries & Benefits $506,570

Fundraising Expenses $30,565

Program Expenses $1,274,032

Other Expenses $951,030

TOTAL EXPENSES $1,468,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,336,402	$1,937,225	+0.2%
Expenses	$1,468,100	$1,429,577	+0.0%
Net Income	$868,302	$507,648	+0.7%

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

106

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

$168,806

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS MARK GOTT	PRESIDENT & DIRECTOR	20.00	Officer Director	$0	$0	$0
EDWARD BARLOW	DIRECTOR	20.00	Officer Director	$0	$0	$0
PAUL MAXWELL	DIRECTOR	20.00	Officer Director	$0	$0	$0
RICHARD WEAVER JR	DIRECTOR	20.00	Officer Director	$0	$0	$0
GENE EMMELL	DIRECTOR	20.00	Officer Director	$0	$0	$0
JOSEPH COCHRAN SR	DIRECTOR	20.00	Officer Director	$0	$0	$0
ROBERT SNYDER III	FIRE CHIEF & DIRECTOR	40.00	Officer Director	$0	$0	$0
MELISSA MAHONEY-ROCHE	VICE PRESIDENT	20.00	Officer	$31,142	$0	$31,142
TERRI REED	RECORDING SECRETARY	20.00	Officer	$0	$0	$0
LAURA SNYDER	TREASURER	20.00	Officer	$0	$0	$0
EMILY REED	FINANCIAL SECRETARY	20.00	Officer	$0	$0	$0
DEANA DIETRICK	FIRE RECORDER	20.00	Officer	$25,500	$0	$25,500
MIKE EMMELL	DEPUTY FIRE CHIEF	20.00	Officer	$22,090	$0	$22,090
STEVE SCHENCK	1ST ASST. FIRE CHIEF	20.00	Officer	$26,719	$0	$26,719
CONNER MAHONEY	2ND ASST. FIRE CHIEF	20.00	Officer	$0	$0	$0
MARK EDWARD WILLIS	CAPTAIN OF RESCUE	20.00	Officer	$60,055	$0	$60,055
FRANCIS SHERIDAN	CHIEF ENGINEER	20.00	Officer	$3,300	$0	$3,300
HARRY LOGAN JR	1ST ASST. ENGINEER	20.00	Officer	$0	$0	$0
DANIEL BROWN	ENGINE CAPTAIN	20.00	Officer	$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	$2,336,402	$1,468,100	$8,165,987	$868,302
2023	$1,937,225	$1,429,577	$7,325,633	$507,648
2022	$1,933,903	$1,503,769	$6,949,598	$430,134
2021	$1,568,180	$1,262,471	$6,592,227	$305,709
2020	$1,452,108	$1,185,900	$6,359,714	$266,208
2019	$1,331,018	$1,312,461	$6,161,469	$18,557
2018	$1,437,399	$1,125,835	$6,217,127	$311,564

HOLLOWAY TERRACE VOLUNTEER FIRE COMPANY #1 INC