THE LAKEVILLE HOSE COMPANY NO 1 INC

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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

1910

Legal Domicile

Principal Officer

JENN FARWELL

Tax Period

2022-11-01 to 2023-10-31

THE LAKEVILLE HOSE COMPANY NO 1 INC, founded in 1910, is a small nonprofit in the Public Safety sector that reported $152K in total revenue in fiscal year 2022. The organization ran a surplus of $82K, a strong 54% operating margin.

Mission

LAKEVILLE HOSE COMPANY PROMOTES PUBLIC FIRE PROTECTION, THEY ARE AN ALL VOLUNTEER FIRE ORGANIZATION THAT PROVIDES FIRE FIGHTING SERVICES TO THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $62,458

FIRE PROTECTION SERVICES TO THE TOWN OF SALISBURY/LAKEVILLE PROVIDED ON AN ALL VOLUTEER BASIS

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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 (2022)

Revenue Breakdown

Contributions & Grants $152,388

Program Service Revenue $0

Investment Income $24

Other Revenue $0

TOTAL REVENUE $152,412

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $6,199

Program Expenses $62,458

Other Expenses $67,767

TOTAL EXPENSES $70,767

Year-over-Year Comparison

	2022	2021	Change
Revenue	$152,412	$152,412	N/A
Expenses	$70,767	$72,495	0.0%
Net Income	$81,645	$79,917	+0.0%

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
BILL SHERWOOD	BOARD MEMBER	5.00	Director	$0	$0	$0
DONALD REID JR	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVIN REID	ASSISTANT CHEIF	5.00	Director	$0	$0	$0
ROBERT SMITH JR	BOARD MEMBER	5.00	Director	$0	$0	$0
JAMIE FOX	CAPTAIN	5.00	Officer Director	$0	$0	$0
CHARLES W CARLETON	TREASURER	5.00	Officer Director	$0	$0	$0
MIGUEL BALAGUERO	SECRETARY	5.00	Officer Director	$0	$0	$0
BOB SMITH JR	CHIEF	5.00	Officer Director	$0	$0	$0
HANNA REEL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JENN FARWELL	PRESIDENT	5.00	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
2023	$152,412	$70,767	$851,543	$81,645
2022	$152,412	$72,495	$769,898	$79,917
2021	$152,412	$70,622	$689,981	$81,790
2020	$104,691	$69,243	$608,191	$35,448
2019	$105,264	$96,437	$545,796	$8,827
2018	$109,859	$84,585	$536,969	$25,274