KENT VOLUNTEER FIRE DEPARTMENT INC (EIN 066045430) - 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

1911

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

KENT VOLUNTEER FIRE DEPARTMENT INC, founded in 1911, is a small nonprofit in the Public Safety sector that reported $704K in total revenue in fiscal year 2023. Expenses of $896K exceeded revenue, resulting in a 27% operating deficit.

Mission

KENT VOLUNTEER FIRE DEPARTMENT (KVFD) IS DEDICATED TO THE PRESERVATION AND PROTECTION OF LIFE, LIMB AND PROPERTY FROM FIRE AND OTHER HAZARDS IN ITS COMMUNITY. THE DEPARTMENT PROVIDES FIRE, RESCUE, AND AMBULANCE SERVICES TO THE TOWN OF KENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $194,192

Program Service Revenue $420,539

Investment Income $31,350

Other Revenue $58,053

TOTAL REVENUE $704,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,440

Fundraising Expenses $3,751

Program Expenses $857,318

Other Expenses $875,984

TOTAL EXPENSES $896,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$704,134	$686,350	+0.0%
Expenses	$896,424	$761,388	+0.2%
Net Income	$-192,290	$-75,038	+1.6%

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

125

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
JOHN CHRISTEN	ENGINEER	5.00	Officer Director	$0	$0	$0
SEAN DINGEE	CAPTAIN	5.00	Officer Director	$0	$0	$0
ED MATSON	CAPTAIN	5.00	Officer Director	$0	$0	$0
ERIC EPSTEIN	TREASURER	5.00	Officer Director	$0	$0	$0
CARALEE ROCHOVANSKY	SECRETARY	5.00	Officer Director	$0	$0	$0
JILL SCHOLSOHN	ASSISTANT AMBULANCE CHIEF	5.00	Officer Director	$0	$0	$0
JOHN RUSSELL	PRESIDENT	5.00	Officer Director	$0	$0	$0
ALAN GAWEL	FIRE CHIEF	5.00	Officer Director	$0	$0	$0
GARY HOCK	ASSISTANT CHIEF	5.00	Officer Director	$0	$0	$0
BONNIE DONZELLA	AMBULANCE CHIEF	5.00	Officer Director	$0	$0	$0
WENDELL SOULE	ASSISTANT CHIEF	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
2024	No data	No data	No data	No data
2023	$704,134	$896,424	$4,868,519	$-192,290
2022	$686,350	$761,388	$4,994,212	$-75,038
2021	$528,393	$656,893	$5,140,938	$-128,500
2020	$366,772	$590,245	$5,290,791	$-223,473
2019	$553,912	$539,964	$5,389,137	$13,948
2018	$573,755	$515,341	$5,242,447	$58,414

KENT VOLUNTEER FIRE DEPARTMENT INC