FARMINGTON FIRE DEPARTMENT INC (EIN 562391420) - 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

2003

Legal Domicile

Principal Officer

STEPHEN W JONES

Phone

8606752533

Tax Period

2023-01-01 to 2023-12-31

FARMINGTON FIRE DEPARTMENT INC, founded in 2003, is a small nonprofit in the Public Safety sector that reported $190K in total revenue in fiscal year 2023. Expenses of $219K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS THE PROVISION OF FIRE PROTECTION AND EMERGENCY MEDICAL RESPONSE SERVICES TO THE TOWN OF FARMINGTON, CONNECTICUT AND SURROUNDING TOWNS AND CITIES.

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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 $185,156

Program Service Revenue $0

Investment Income $5

Other Revenue $4,368

TOTAL REVENUE $189,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,351

Fundraising Expenses $0

Program Expenses $210,742

Other Expenses $70,910

TOTAL EXPENSES $219,261

Year-over-Year Comparison

	2023	2022	Change
Revenue	$189,529	$193,910	0.0%
Expenses	$219,261	$227,451	0.0%
Net Income	$-29,732	$-33,541	-0.1%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY JASON	PRESIDENT	6.00	Officer Director	$0	$0	$0
KATHERINE MASON	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
KATHERINE WOLLENBERG	SECRETARY	5.00	Officer Director	$0	$0	$0
STEPHEN W JONES	TREASURER	20.00	Officer Director	$0	$0	$0
MICHAEL GRABULIS	DIRECTOR (CH	5.00	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	$189,529	$219,261	$843,142	$-29,732
2022	$193,910	$227,451	$872,874	$-33,541
2021	$169,886	$195,286	$906,415	$-25,400
2020	$160,622	$186,150	$931,815	$-25,528
2019	$179,970	$220,618	$957,343	$-40,648
2018	$171,562	$221,362	$997,991	$-49,800

FARMINGTON FIRE DEPARTMENT INC