WALES CENTER VOLUNTEER FIRE CO INC

EIN: 900335424 501(c)(3) Public Safety

WALES CENTER, NY

Total Revenue
$254,479
Total Expenses
$291,930
Total Assets
$1,755,236
Net Assets
$1,178,688
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1932
Legal Domicile
NY
Principal Officer
DEBBIE WINGATE
Phone
7166521051
Tax Period
2024-04-01 to 2025-03-31

WALES CENTER VOLUNTEER FIRE CO INC, founded in 1932, is a small nonprofit in the Public Safety sector that reported $254K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $292K exceeded revenue, resulting in a 15% operating deficit.

Mission

100% VOLUNTEER FIRE COMPANY THAT PROVIDES FIRE PROTECTION & EMERGENCY MEDICAL SERVICES TO WALES CENTER, NY & SURROUNDING COMMUNITIES ON A MUTUAL AID BASIS. PROVIDE EMERGENCY MANAGEMENT SERVICES DURING NATURAL DISASTERS SUCH AS SNOW STORMS & FLOODS TO THE TOWN & SURROUNDING COMMUNITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $229,622
Program Service Revenue $0
Investment Income $2,367
Other Revenue $22,490
TOTAL REVENUE $254,479

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,307
Program Expenses $279,192
Other Expenses $290,930
TOTAL EXPENSES $291,930

Year-over-Year Comparison

2024 2023 Change
Revenue $254,479 $282,471 -0.1%
Expenses $291,930 $287,024 +0.0%
Net Income $-37,451 $-4,553 +7.2%
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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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
27

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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE SCHAUB PRESIDENT 10.00
Officer Director
$0 $0 $0
GREG FURMAN VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
DEBBIE WINGATE TREASURER 5.00
Officer Director
$0 $0 $0
DEMETRIUS WZIENTEK RECORDING SECRETARY 5.00
Officer Director
$0 $0 $0
CHUCK SLOAT FINANCIAL SECRETARY 5.00
Officer Director
$0 $0 $0
RICKY BRZIECKI DIRECTOR 1.00
Director
$0 $0 $0
WALLY RAICHEL DIRECTOR 1.00
Director
$0 $0 $0
D BAPST DIRECTOR 1.00
Director
$0 $0 $0
ROGER BADGLEY DIRECTOR 1.00
Director
$0 $0 $0
MARK SLEEPER DIRECTOR 1.00
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
2025 $254,479 $291,930 $1,755,236 $-37,451
2024 $282,471 $287,024 $1,783,423 $-4,553
2023 $231,924 $231,205 $1,677,819 $719
2022 $294,249 $177,817 $1,719,715 $116,432
2021 $268,015 $122,212 $1,118,003 $145,803
2020 $203,290 $172,352 $972,200 $30,938
2019 $208,460 $177,759 $942,845 $30,701
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