LAKELAND FIRE DEPARTMENT 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

1942

Legal Domicile

Principal Officer

WILLIAM THOMSON

Phone

6315888373

Tax Period

2023-01-01 to 2023-12-31

LAKELAND FIRE DEPARTMENT INC, founded in 1942, is a micro nonprofit that reported $95K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $82K left a modest 14% surplus.

Mission

THE LAKELAND FIRE DEPARTMENT IS AN ALL VOLUNTEER FIRE DEPARTMENT SERVING THE LAKELAND FIRE DISTRICT. THE DEPARTMENT SOLICITS FUNDS FOR TRAINING AND EDUCATION OF IT'S MEMBERS AS WELL AS THE RESIDENTS OF THE DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $33,042

FIREMAN TRAINING EXPENSES INCLUDING SUPPLIES AND POST FIRE MEALS, GOOD & WELFARE, SEMINARS, CONFERENCES, EMS, CHIEFS EXPENSES, MEETINGS AND HEADQUARTERS EXPENSES.

Program 2

Expenses: $5,337

SCHOLARSHIP PROGRAM FOR LOCAL STUDENTS BASED ON ACADEMIC PERFORMANCE AND EXCELLENCE AS WELL AS ECONOMIC NEED. DONATIONS ARE MADE TO LOCAL CHARITIES BASED UPON REVIEW OF THE EXEMPT PURPOSE OF THE...

SCHOLARSHIP PROGRAM FOR LOCAL STUDENTS BASED ON ACADEMIC PERFORMANCE AND EXCELLENCE AS WELL AS ECONOMIC NEED. DONATIONS ARE MADE TO LOCAL CHARITIES BASED UPON REVIEW OF THE EXEMPT PURPOSE OF THE ORGANIZATION BY THE BOARD.

Program 3

Expenses: $16,591

SPECIAL EVENTS INCLUDING THE ANNUAL 9/11 SERVICE, PARADE, PICNICS, MEMORIALS, INSTALLATION DINNER & AWARDS, AMONG OTHER EVENTS.

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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 $73,319

Program Service Revenue $21,041

Investment Income $84

Other Revenue $536

TOTAL REVENUE $94,980

Expense Breakdown

Grants Paid $5,337

Salaries & Benefits $0

Fundraising Expenses $8,692

Program Expenses $54,970

Other Expenses $76,673

TOTAL EXPENSES $82,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$94,980	$124,145	-0.2%
Expenses	$82,010	$101,826	-0.2%
Net Income	$12,970	$22,319	-0.4%

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
CHARLES ROTH	TRUSTEE	1.00	Director	$0	$0	$0
GERARD DOMBROWSKY	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH MARAVIGLIA	TRUSTEE	1.00	Director	$0	$0	$0
JUAN LAGRANDIER III	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM THOMSON	PRESIDENT	5.00	Officer	$0	$0	$0
KEN PAEHR	VICE PRESIDENT	5.00	Officer	$0	$0	$0
LISA O'MARA	TREASURER	5.00	Officer	$0	$0	$0
DONNA MONAHAN	SECRETARY	5.00	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
2024	No data	No data	No data	No data
2023	$94,980	$82,010	$401,760	$12,970
2022	$124,145	$101,826	$388,790	$22,319
2021	$123,264	$87,175	$366,471	$36,089
2020	$90,446	$58,407	$330,382	$32,039
2019	$84,433	$64,105	$298,343	$20,328
2018	$89,111	$77,288	$278,040	$11,823