GODWIN-FALCON FIRE DEPARTMENT INC (EIN 561403391) - 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

1970

Legal Domicile

Principal Officer

WAYNE LUCAS

Phone

9109801066

Tax Period

2023-07-01 to 2024-06-30

GODWIN-FALCON FIRE DEPARTMENT INC, founded in 1970, is a small nonprofit in the Public Safety sector that reported $548K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

FIRE-FIGHTING & EMERGENCY RESCUE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $541,668

Investment Income $6,235

Other Revenue $255

TOTAL REVENUE $548,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,374

Fundraising Expenses $0

Program Expenses $578,896

Other Expenses $382,770

TOTAL EXPENSES $586,144

Year-over-Year Comparison

	2023	2022	Change
Revenue	$548,158	$577,753	-0.1%
Expenses	$586,144	$582,896	+0.0%
Net Income	$-37,986	$-5,143	+6.4%

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

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	Role	Reportable Comp	Other Comp	Total
WAYNE LUCAS	CHAIRMAN	Director	$0	$0	$0
DANNY MATTHEWS	VICE CHAIRMAN	Director	$0	$0	$0
ALEX JACKSON	SECRETARY	Director	$0	$0	$0
DWAYNE MATTHEWS	BOARD MEMBER	Director	$0	$0	$0
PRESTON MATTHEWS	BOARD MEMBER	Director	$0	$0	$0
CHARLES PARKER	BOARD MEMBER	Director	$0	$0	$0
DONALD MATTHEWS	BOARD MEMBER	Director	$0	$0	$0
WAYNE DORMAN	BOARD MEMBER	Director	$0	$0	$0
KEITH MATTHEWS	FIRE CHIEF	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	$548,158	$586,144	$2,250,246	$-37,986
2023	$577,753	$582,896	$2,374,866	$-5,143
2022	$680,814	$558,205	$2,147,588	$122,609
2021	$490,932	$451,361	$2,051,379	$39,571
2020	$420,244	$435,288	$2,026,420	$-15,044
2019	$677,848	$473,658	$2,062,552	$204,190

GODWIN-FALCON FIRE DEPARTMENT INC