Albertson Hook & Ladder Engine & Hose Company No 1 Inc

Nonprofit profile at a glance

EIN
111951304
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Albertson, NY, USA
Phone
5162487182
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Fire Prevention

Official website

Reported finances

Revenue
$1,929,751
Expenses
$1,293,099
Assets
$6,946,622
Liabilities
$1,200,386

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • DANIEL GIORDANO (PRESIDENT)
  • DONALD T MCMAHON (VICE PRESIDENT)
  • JEANNINE WEISS (PRESIDENT)
  • PETER GLAVAS (VICE PRESIDENT)
  • EVAN SLATTERY (PRESIDENT (WELFARE FUND))
  • WILLIAM CLARK III (VICE PRESIDENT (WELFARE FUND))

People named in this filing

  • DANIEL GIORDANO (PRESIDENT)
  • DONALD T MCMAHON (VICE PRESIDENT)
  • DANIEL CHIN (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary goal of the corporation is to provide fire protection and emergency services to the residents of the albertson, New York community. The coproration has been providing these services to the community since its inception. These services are provided by the volunteer members of the fire company.secondly, the corporation educates the general public on the importance of fire safety by holding fire prevention seminars in local schools, and by distributing literature on fire prevention at various community events. Since its inception, this has been and will continue to be an important part of the corporation's goals and objective. These educational services are also provided by the volunteer members of the fire company.the fire company also is responsible for training all new and existing members and provides supporting and recreational activities for members.

What it reported doing in 2024

The fire company educates the general public on the importance of fire safety by holding fire prevention seminars in local schools, and by distributing literature on fire prevention at various community events. Since its inception, this has been and will continue to be an important part of the fire company's goals and objective. These educational services are also provided by the volunteer members of the fire company.the fire company also is responsible for training all new and existing members. This is accomplished by having regular drills and training exercises; and also by ensuring that all members obtain and maintain their required certifications.

Operating model

Revenue model
Grant-funded. 95% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 86
  • Accountability: 82
  • Sustainability: 79
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.9%; rating input score 75
  • Program expense ratio: 91%; rating input score 91
  • Fundraising efficiency: $399.16 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 33%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 5.37; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 4.5% per year; rating input score 100; 40th percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: 6.3% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 74.9% of revenue deployed · 91% of spending went to programs
  • Governance: 8 of 8 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $0 · 22 people listed
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.