GOSHEN FIRE COINC

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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

2016

Legal Domicile

Phone

8606054866

Tax Period

2024-01-01 to 2024-12-31

GOSHEN FIRE COINC, founded in 2016, is a micro nonprofit in the Public Safety sector that reported $75K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $39K, a strong 52% operating margin.

Mission

to furnish fire protection, emergency medical services and ambulance service to persons and property in the Town of Goshen, Connecticut and its surrounding vicinity.

Program Service Accomplishments

Program 1

Expenses: $29,229

The Goshen Fire Co. (GFC) is on call and ready to serve 24-hours a day, seven days a week. In recent years GFC has responded to motor vehicle accidents, house fires, forest and grass fires, basement...

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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 $61,932

Program Service Revenue $1,500

Investment Income $6,890

Other Revenue $4,438

TOTAL REVENUE $74,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,079

Program Expenses $29,229

Other Expenses $36,111

TOTAL EXPENSES $36,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,760	$107,319	-0.3%
Expenses	$36,111	$31,180	+0.2%
Net Income	$38,649	$76,139	-0.5%

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
WILLIAM GELORMINO	President	2.00	Officer Director	$0	$0	$0
STANLEY DETWILER	Treasurer	4.00	Officer Director	$0	$0	$0
DAVID PARILLO	Vice President	2.00	Officer Director	$0	$0	$0
SHILO GARCEAU	Secretary	2.00	Officer Director	$0	$0	$0
SCOTT TILLMAN	Commissioner	2.00	Director	$0	$0	$0
JOHN MILLER	Commissioner	2.00	Director	$0	$0	$0
WILLIAM CLINTON	Commissioner	2.00	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	$74,760	$36,111	$626,329	$38,649
2023	$107,319	$31,180	$586,049	$76,139
2022	$407,771	$211,558	$500,238	$196,213