NEW WASHINGTON VOLUNTEER FIRE DEPT… - Form 990 Financial Data

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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

1960

Legal Domicile

Principal Officer

JASON COCHRAN

Phone

8122933311

Tax Period

2023-01-01 to 2023-12-31

NEW WASHINGTON VOLUNTEER FIRE DEPT INC, founded in 1960, is a small nonprofit in the Public Safety sector that reported $411K in total revenue in fiscal year 2023. Expenses of $364K left a modest 11% surplus.

Mission

TO PROVIDE FIRE PROTECTION AND FIRE PREVENTION SERVICES FOR THE BOUNDARIES OF NEW WASHINGTON TOWNSHIP IN INDIANA

Program Service Accomplishments

Program 1

Expenses: $222,589

THE FIRE DEPARTMENT WILL CONTINUE TO PROVIDE FIRE FIGHTING SERVICES FIRE PREVENTION PROGRAM AND EMERGENCY RESCUE TO THE TOWNSHIP OF NEW WASHINGTON. IN ADDITION THE FIRE DEPARTMENT PROVIDES MUTUAL AID...

Program 2

Expenses: $123,948

EMS SERVICE

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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 $378

Program Service Revenue $386,976

Investment Income $3,017

Other Revenue $20,230

TOTAL REVENUE $410,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,151

Fundraising Expenses $2,499

Program Expenses $346,262

Other Expenses $244,163

TOTAL EXPENSES $364,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$410,601	$385,428	+0.1%
Expenses	$364,314	$327,976	+0.1%
Net Income	$46,287	$57,452	-0.2%

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

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
EVAN BOWER	TREASURER	N/A	Officer Director	$0	$0	$0
RACHEL BUSSEY	SECRETARY	N/A	Officer Director	$0	$0	$0
JASON COCHRAN	CHIEF	N/A	Officer Director	$0	$0	$0
MIKE CURRY	PRESIDENT	N/A	Officer Director	$0	$0	$0
MICHAEL PARKHILL	BATALLON OFF	N/A	Officer Director	$0	$0	$0
STEVEN PARKHILL	DEPUTY CHIEF	N/A	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	No data	No data	No data	No data
2023	$410,601	$364,314	$898,486	$46,287
2022	$385,428	$327,976	$891,422	$57,452
2021	$451,875	$257,395	$871,062	$194,480
2020	$135,468	$169,752	$732,287	$-34,284
2019	$276,827	$196,703	$824,855	$80,124
2018	$285,034	$192,619	$851,766	$92,415

NEW WASHINGTON VOLUNTEER FIRE DEPT INC