WACHAPREAGUE VOLUNTEER FIRE COMPANY INC (EIN 546054484) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

TRACY FATE

Phone

7577877818

Tax Period

2024-01-01 to 2024-12-31

WACHAPREAGUE VOLUNTEER FIRE CO INC, founded in 1946, is a small nonprofit in the Public Safety sector that reported $419K in total revenue in fiscal year 2020. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $208K, a strong 50% operating margin.

Mission

VOLUNTEER FIRE DEPARTMENT PROVIDING GOVERNMENT-IN-NATURE SERVICES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $170,842

Program Service Revenue $232,206

Investment Income $97,943

Other Revenue $146,554

TOTAL REVENUE $647,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,284

Fundraising Expenses $9,468

Program Expenses $307,261

Other Expenses $284,445

TOTAL EXPENSES $316,729

Year-over-Year Comparison

	2024	2023	Change
Revenue	$647,545	$617,017	+0.0%
Expenses	$316,729	$411,355	-0.2%
Net Income	$330,816	$205,662	+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

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	Role	Reportable Comp	Other Comp	Total
BEN BYRD	REGISTERED AGENT	Director	$0	$0	$0
WAYNE DIZE	BOARD OF DIRECTOR	Director	$0	$0	$0
ROBERT EVANOFF	BOARD OF DIRECTOR	Director	$0	$0	$0
JUSTIN PAUL	BOARD OF DIRECTOR	Director	$0	$0	$0
KERRY PAUL	BOARD OF DIRECTOR	Director	$0	$0	$0
TRACY FATE	TREASURER	Director	$0	$0	$0
WILLIAM HAMILTON	CHAIRMAN	Director	$0	$0	$0
DAVID FLUHART	BOARD OF 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
2024	$647,545	$316,729	$3,340,833	$330,816
2023	$617,017	$411,355	$2,950,715	$205,662
2022	$723,568	$639,347	$2,708,509	$84,221
2021	$554,204	$272,142	$3,026,749	$282,062
2020	$419,366	$211,761	$2,686,448	$207,605

WACHAPREAGUE VOLUNTEER FIRE COMPANY INC