MARRERO RAGUSA VOLUNTEER FIRE CO (EIN 720567180) - 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

1954

Legal Domicile

Principal Officer

NICHOLAS ABADIE

Phone

5043495586

Tax Period

2024-01-01 to 2024-12-31

MARRERO RAGUSA VOLUNTEER FIRE CO, founded in 1954, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Expenses of $2.8M left a modest 4% surplus.

Mission

FIRE FIGHTING

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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 $2,682,588

Program Service Revenue $0

Investment Income $86,658

Other Revenue $174,875

TOTAL REVENUE $2,944,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,755,334

Fundraising Expenses $0

Program Expenses $2,739,296

Other Expenses $1,084,766

TOTAL EXPENSES $2,840,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,944,121	$2,875,027	+0.0%
Expenses	$2,840,100	$2,712,107	+0.0%
Net Income	$104,021	$162,920	-0.4%

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

$132,412

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS ABADIE	PRESIDENT/TREASURER	28.00	Officer Director	$0	$0	$0
JOSEPH FENNIDY	BOARD MEMBER	8.00	Director	$0	$0	$0
JOHN BALESTRA	BOARD MEMBER	8.00	Director	$0	$0	$0
COREY BOUDREAUX	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
WILSON CLARK	BOARD MEMBER	8.00	Director	$0	$0	$0
AUGUSTUS BLANCO	BOARD MEMBER	8.00	Director	$0	$0	$0
JACK PAYNE	SECRETARY	20.00	Officer Director	$0	$0	$0
FRANK MARGIOTTA	FIRE CHIEF	40.00	Officer	$105,959	$26,453	$132,412

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	$2,944,121	$2,840,100	$3,052,196	$104,021
2023	$2,875,027	$2,712,107	$2,473,339	$162,920
2022	$2,748,217	$2,770,607	$2,321,679	$-22,390
2021	$2,514,786	$2,881,837	$2,348,352	$-367,051
2020	$3,122,230	$2,771,042	$2,676,967	$351,188
2019	$3,569,480	$2,903,497	$2,460,571	$665,983
2018	$2,575,425	$2,698,826	$1,953,226	$-123,401

MARRERO RAGUSA VOLUNTEER FIRE CO