NEWCASTLE FIRE COMPANY INC (EIN 651315975) - 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

1980

Legal Domicile

Principal Officer

CASEY STEVENS

Phone

2075633888

Tax Period

2023-01-01 to 2023-12-31

NEWCASTLE FIRE COMPANY INC, founded in 1980, is a micro nonprofit in the Public Safety sector that reported $34K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $43K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE NEWCASTLE FIRE COMPANY, INC PROVIDES FIREFIGHTING PROTECTION FOR THE TOWN OF NEWCASTLE, ME AND SURROUNDING COMMUNITIES THROUGH INTERLOCAL AGREEMENTS. WE SPONSOR TRAINING PROGRAMS AND EXERCISES IN FIREFIGHTING AND EMERGENCY RESPONSE FOR VOLUNTEER MEMBERS. WE ALSO PROVIDE FIRE EDUCATION TO THE PUBLIC ON FIRE SAFETY THROUGHOUT THE YEAR. MEMBERS RAISE FINDS FOR THE PURCHASE OF EQUIPMENT FOR THE BENEFIT OF THE TOWN OF NEWCASTLE, ME AND PROVIDE FUNDING FOR PREVENTION PROGRAMS.

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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 $30,133

Program Service Revenue $0

Investment Income $3,000

Other Revenue $1,220

TOTAL REVENUE $34,353

Expense Breakdown

Grants Paid $1,802

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,923

Other Expenses $41,121

TOTAL EXPENSES $42,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,353	$53,810	-0.4%
Expenses	$42,923	$51,651	-0.2%
Net Income	$-8,570	$2,159	-5.0%

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

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
CASEY STEVENS	PRESIDENT/FIRE CHIEF	20.00	Officer Director	$0	$0	$0
JAMES BRYANT	DEPUTY CHIEF/VICE CHAIR	4.00	Officer Director	$0	$0	$0
JAMES KALER JR	ASST. CHIEF/CHAIR OF TRUST	4.00	Officer Director	$0	$0	$0
JACOB ABBOTT	CAPTAIN/TRUSTEE	2.00	Officer Director	$0	$0	$0
THOMAS W KOSTENBACKER	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT HATCH	TRUSTEE	1.00	Director	$0	$0	$0
LUCAS KOSTENBADER	LIEUTENANT/TRUSTEE	2.00	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	$34,353	$42,923	$180,922	$-8,570
2022	$53,810	$51,651	$179,799	$2,159
2021	$63,199	$87,173	$177,640	$-23,974

NEWCASTLE FIRE COMPANY INC