GRISSETTOWN-LONGWOOD FIRE & RESCUE INC (EIN 561477077) - 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

1985

Legal Domicile

Principal Officer

TALBOT GRISSETT

Phone

9102873030

Tax Period

2024-07-01 to 2025-06-30

GRISSETTOWN-LONGWOOD FIRE & RESCUE INC, founded in 1985, is a small nonprofit in the Public Safety sector that reported $959K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 39% operating deficit.

Mission

VOLUNTEER FIRE DEPARTMENT AND RESCUE SQUAD

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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 $794,522

Program Service Revenue $0

Investment Income $53,916

Other Revenue $110,979

TOTAL REVENUE $959,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $711,171

Fundraising Expenses $25,405

Program Expenses $1,072,776

Other Expenses $619,707

TOTAL EXPENSES $1,330,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$959,417	$2,941,505	-0.7%
Expenses	$1,330,878	$1,172,049	+0.1%
Net Income	$-371,461	$1,769,456	-1.2%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS FULWOOD	DIRECTOR	N/A	Director	$0	$0	$0
CAROLYN GNAM	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
KENNETH GRISSETT	PRESIDENT	N/A	Officer Director	$0	$0	$0
TALBOT GRISSETT	CHIEF	40.00	Officer Director	$0	$0	$0
JOHN POLLOCK	DIRECTOR	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
2025	$959,417	$1,330,878	$1,592,363	$-371,461
2024	$2,941,505	$1,172,049	$1,931,049	$1,769,456
2023	$938,101	$1,170,042	$204,454	$-231,941
2022	$862,410	$1,109,256	$439,996	$-246,846
2021	$759,637	$874,289	$582,128	$-114,652
2020	$812,047	$803,717	$144,766	$8,330
2019	$728,213	$721,415	$189,940	$6,798
2018	$562,019	$620,011	$170,927	$-57,992

GRISSETTOWN-LONGWOOD FIRE & RESCUE INC