PROVIDENCE FIRE AND RESCUE INC (EIN 561262056) - 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

1961

Legal Domicile

Principal Officer

IRVIN DAILEY

Tax Period

2023-01-01 to 2023-12-31

PROVIDENCE FIRE AND RESCUE INC, founded in 1961, is a small nonprofit that reported $287K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $110K, a strong 38% operating margin.

Mission

FIRE PROTECTION/FIRST RESPOND

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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 $267,725

Program Service Revenue $450

Investment Income $189

Other Revenue $18,268

TOTAL REVENUE $286,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,834

Fundraising Expenses $0

Program Expenses $177,063

Other Expenses $149,229

TOTAL EXPENSES $177,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,632	$240,028	+0.2%
Expenses	$177,063	$183,012	0.0%
Net Income	$109,569	$57,016	+0.9%

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

N/A

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
HARRY W BRAY	PRESIDENT	N/A	Director	$0	$0	$0
WILLIAM CARROLL	DIRECTOR	N/A	Director	$0	$0	$0
HOUSTON HAMLETT	DIRECTOR	N/A	Director	$0	$0	$0
GERALD HOVATTER	TREASURER	N/A	Director	$0	$0	$0
RUBY HOVATTER	PRES LADY AU	N/A	Director	$0	$0	$0
DAVID S SARTIN JR	VICE PRESIDE	N/A	Director	$0	$0	$0
WALTER REED	SECRETARY	N/A	Director	$0	$0	$0
DAVID SARTIN SR	DIRECTOR	N/A	Director	$0	$0	$0
LISA TALBOTT	ASS TREASURE	N/A	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	No data	No data	No data	No data
2023	$286,632	$177,063	$765,966	$109,569
2022	$240,028	$183,012	$447,940	$57,016
2021	$211,452	$170,376	$429,523	$41,076
2020	$175,936	$173,823	$455,898	$2,113
2019	$323,959	$157,298	$517,706	$166,661
2018	$162,953	$140,388	$414,966	$22,565

PROVIDENCE FIRE AND RESCUE INC