LANESBOROUGH VOLUNTEER FIREMEN'S ASSOCIATION (EIN 043390184) - 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

1997

Legal Domicile

Principal Officer

PETER PANNESCO

Phone

4134432321

Tax Period

2024-07-01 to 2025-06-30

LANESBOROUGH VOLUNTEER FIREMEN'S ASSOCIATION, founded in 1997, is a micro nonprofit in the Public Safety sector that reported $34K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $45K exceeded revenue, resulting in a 32% operating deficit.

Mission

VOLUNTEER FIRE SERVICES

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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 $11,685

Program Service Revenue $0

Investment Income $16,624

Other Revenue $5,769

TOTAL REVENUE $34,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $49

Program Expenses $17,155

Other Expenses $44,931

TOTAL EXPENSES $44,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,078	$53,124	-0.4%
Expenses	$44,931	$52,349	-0.1%
Net Income	$-10,853	$775	-15.0%

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

N/A

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
DANIEL BOLOGNIA	SECRETARY	2.00	Officer	$0	$0	$0
PETE OAKLEY	V. PRESIDENT	2.00	Officer	$0	$0	$0
PETER PANNESCO	TREASURER	6.00	Officer	$0	$0	$0
GLEN STORIE	PRESIDENT	4.00	Officer	$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	$34,078	$44,931	$435,350	$-10,853
2024	$53,124	$52,349	$436,690	$775
2023	$39,567	$55,566	$425,154	$-15,999
2022	$34,404	$45,801	$434,001	$-11,397
2021	$84,482	$33,416	$462,277	$51,066
2020	$40,924	$43,339	$410,549	$-2,415
2019	$37,710	$36,620	$416,627	$1,090

LANESBOROUGH VOLUNTEER FIREMEN'S ASSOCIATION