Waterford Fire Engine Company No 1 Inc

Nonprofit profile at a glance

EIN
222720843
IRS 990-EZ coverage
2014–2024
Forms available
Form 990-EZ 2024
Location
Waterford, CT, USA
Phone
8604436302
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$11,114
Expenses
$5,446
Assets
$198,727

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

Leadership & pay

4 people listed

Executive titles in this filing

  • MATTHEW STROSNESKI (President)
  • MARK RUSSOMANO (Vice President)

People named in this filing

  • MATTHEW STROSNESKI (President)
  • TIMOTHY O'NEILL (Treasurer)
  • MARK RUSSOMANO (Vice President)

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

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

Overview

Mission

Volunteer firefighting/training and community service regarding fireprevention

What it reported doing in 2024

To provide funds to the fire company on a continuingbasis; engaging in fund-raising activities for the benefit of the volunteerfire company

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 82
  • Sustainability: 78
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49%; rating input score 49
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 51%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 36.49; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -7.6% per year; rating input score 0; 31st percentile among comparable filings
  • Revenue growth: -7.7% per year; rating input score 0; 28th percentile among comparable filings
  • Asset growth: 2.8% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 49% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $5K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.