The Lyme Fire Company Incorporated

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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

1949

Legal Domicile

Principal Officer

John Evans

Phone

8604341329

Tax Period

2024-04-01 to 2025-03-31

The Lyme Fire Company Incorporated, founded in 1949, is a micro nonprofit in the Public Safety sector that reported $93K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 46% operating margin.

Mission

Volunteer fire department protecting life and property in Lyme, CT.

Program Service Accomplishments

Program 1

Expenses: $46,029 Revenue: $7,192

Fire protection and prevention, rescue, and hazmat response servicing the hamlets of Lyme, Hadlyme, and Hamburg, Connecticut.

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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 $36,242

Program Service Revenue $0

Investment Income $29,216

Other Revenue $27,236

TOTAL REVENUE $92,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,029

Other Expenses $49,827

TOTAL EXPENSES $49,827

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,694	$71,236	+0.3%
Expenses	$49,827	$65,520	-0.2%
Net Income	$42,867	$5,716	+6.5%

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

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 Evans	Chief	7.00	Officer	$0	$0	$0
Sam Adams	Deputy Chief	7.00	Officer	$0	$0	$0
Ed Vidou	Assistant Chief	7.00	Officer	$0	$0	$0
Andre Yeomans	Assistant Chief	7.00	Officer	$0	$0	$0
Chase Reneson	Captain	7.00	Officer	$0	$0	$0
Elizabeth J Morgan	Treasurer	2.00	Officer	$0	$0	$0
Kayla Vidou	Secretary	2.00	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	$92,694	$49,827	$827,587	$42,867
2024	$71,236	$65,520	$777,749	$5,716
2023	$80,134	$30,810	$728,002	$49,324
2022	$90,485	$26,004	$729,749	$64,481
2021	$82,820	$19,758	$676,911	$63,062
2020	$59,530	$30,419	$529,519	$29,111
2019	$82,353	$51,320	$529,226	$31,033