HIBERNIA FIRE COMPANY 2 (EIN 611544316) - 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

1872

Legal Domicile

Principal Officer

MATTHEW HARTIGAN

Tax Period

2023-01-01 to 2023-12-31

HIBERNIA FIRE COMPANY 2, founded in 1872, is a small nonprofit in the Public Safety sector that reported $373K in total revenue in fiscal year 2023. Revenue surged 13230% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 26% operating margin.

Mission

FORMERLY VOLUNTEER FIREFIGHTING. BUILDING WAS SOLD, PROCEEDS DONATD TO 501(C)3 ORGANIZATIONS AS PER IRS RULES.

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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 $23,248

Program Service Revenue $0

Investment Income $350,003

Other Revenue $0

TOTAL REVENUE $373,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13

Other Expenses $274,627

TOTAL EXPENSES $274,627

Year-over-Year Comparison

	2023	2022	Change
Revenue	$373,251	$2,800	+132.3%
Expenses	$274,627	N/A	N/A
Net Income	$98,624	$2,800	+34.2%

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

N/A

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
RICHARD CARMOSINO	TREASURER SECRETARY	2.00	Officer Director	$0	$0	$0
MILLARD THORNTON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MATTHEW HARTIGAN	PRESIDENT	1.00	Officer	$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
2023	$373,251	$274,627	$120,579	$98,624

HIBERNIA FIRE COMPANY 2