NORWOOD VOLUNTEER FIREMANS ASSOCIATION (EIN 810780652) - 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

1970

Legal Domicile

Principal Officer

BRYANT M COTEY

Phone

3153532570

Tax Period

2023-01-01 to 2023-12-31

NORWOOD VOLUNTEER FIREMANS ASSOCIATION, founded in 1970, is a micro nonprofit in the Public Safety sector that reported $39K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $36K left a modest 6% surplus.

Mission

THE NORWOOD VOLUNTEER FIREMAN'S ASSOCIATION MISSION IS TO RESPOND TO FIRE CALLS WHEN RECEIVED, PROTECT LIFE AND PROPERTY FOR THE RESIDENTS OF NORWOOD AND THE SURROUNDING AREAS. MEMBERS ARE REQUIRED TO HAVE A FORMAL EDUCATION AND MUST ATTEND 20% OF ALL CALLS DURING THE YEAR TO MAINTAINED GOOD STANDING WITH THE ASSOCIATION.

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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 $13,424

Program Service Revenue $6,818

Investment Income $374

Other Revenue $18,342

TOTAL REVENUE $38,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,248

Other Expenses $36,469

TOTAL EXPENSES $36,469

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,958	$23,556	+0.7%
Expenses	$36,469	$59,914	-0.4%
Net Income	$2,489	$-36,358	-1.1%

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
BRYANT M COTEY	TREASURER	1.00	Officer Director	$0	$0	$0
NATHAN DURAND	1ST ASSISTAN	0.50	Director	$0	$0	$0
JEREMY FRENCH	CHIEF	1.00	Director	$0	$0	$0
JESSICA GRANT	ASSISTANT SE	0.50	Officer Director	$0	$0	$0
NATHAN HAGGETT	2ND ASSISTAN	0.50	Director	$0	$0	$0
JOHN UPHAM	SECRETARY	0.50	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	$38,958	$36,469	$267,579	$2,489
2022	$23,556	$59,914	$273,412	$-36,358
2021	$52,926	$40,720	$313,546	$12,206
2020	$18,022	$69,125	$308,695	$-51,103
2019	$35,285	$74,891	$315,874	$-39,606
2018	$38,820	$69,009	$377,986	$-30,189

NORWOOD VOLUNTEER FIREMANS ASSOCIATION