COROLLA FIRE & RESCUE SQUAD INC (EIN 561561027) - 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

1981

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

COROLLA FIRE & RESCUE SQUAD INC, founded in 1981, is a small nonprofit in the Public Safety sector that reported $402K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $510K exceeded revenue, resulting in a 27% operating deficit.

Mission

RESPOND TO REQUESTS FOR FIRE SUPPRESSION, INVESTIGATION, AND EMERGENCY MEDICAL CARE.

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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 $397,745

Program Service Revenue $0

Investment Income $4,560

Other Revenue $0

TOTAL REVENUE $402,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,008

Fundraising Expenses $0

Program Expenses $465,758

Other Expenses $445,538

TOTAL EXPENSES $509,546

Year-over-Year Comparison

	2023	2022	Change
Revenue	$402,305	$494,922	-0.2%
Expenses	$509,546	$493,433	+0.0%
Net Income	$-107,241	$1,489	-73.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN DEFEO	AT LARGE	2.00	Director	$0	$0	$0
MIKE BURGOYNE	TREASURER	2.00	Officer Director	$0	$0	$0
DEBBIE SPILLMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
ALFRED MARZETTI	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSEPH BOSTAPH	VICE PRESIDENT	2.00	Officer 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	$402,305	$509,546	$1,117,301	$-107,241
2023	$494,922	$493,433	$1,224,411	$1,489
2022	$638,667	$438,731	$1,223,157	$199,936
2021	$274,808	$365,424	$1,033,167	$-90,616
2020	$342,090	$324,062	$1,123,770	$18,028
2019	$271,719	$374,894	$1,105,527	$-103,175
2018	$331,842	$343,311	$1,208,357	$-11,469

COROLLA FIRE & RESCUE SQUAD INC