ELM VOLUNTEER FIRE COMPANY (EIN 582337312) - 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

1976

Legal Domicile

Principal Officer

RICHARD TOMASETTI

Phone

6096711963

Tax Period

2024-01-01 to 2024-12-31

ELM VOLUNTEER FIRE COMPANY, founded in 1976, is a micro nonprofit in the Public Safety sector that reported $37K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Net assets of $204K represent 67 months of operating reserves.

Mission

TO PROVIDE A VOLUNTARY SERVICE TO THE COMMUNITY THROUGH FIRE CALLS AND FOOD.

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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 $33,950

Program Service Revenue $0

Investment Income $2,681

Other Revenue $0

TOTAL REVENUE $36,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,546

Other Expenses $39,546

TOTAL EXPENSES $39,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,631	$38,675	-0.1%
Expenses	$39,546	$34,455	+0.1%
Net Income	$-2,915	$4,220	-1.7%

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
RICHARD TOMASETTI	PRESIDENT	1.00	Director	$0	$0	$0
RONALD AMORIELLO	V PRES	1.00	Director	$0	$0	$0
ANTHONY DONIO	TREASURY	1.00	Director	$0	$0	$0
SHARON TOMASETTI	TRUSTEE	1.00	Director	$0	$0	$0
DAVID OBRIEN	SECRETARY	1.00	Director	$0	$0	$0
KYLE OSIECKI	TRUSTEE	1.00	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	$36,631	$39,546	$203,972	$-2,915
2023	$38,675	$34,455	$206,887	$4,220
2022	$39,633	$41,199	$202,666	$-1,566
2021	$29,015	$78,040	No data	$-49,025
2020	$31,278	$31,300	No data	$-22

ELM VOLUNTEER FIRE COMPANY