LAKE PLACID VOLUNTEER FIRE DEPARTMENT INC (EIN 146020589) - 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

1905

Legal Domicile

Principal Officer

MICHAEL ST LOUIS

Phone

5185233211

Tax Period

2024-01-01 to 2024-12-31

LAKE PLACID VOLUNTEER FIRE DEPARTMENT INC, founded in 1905, is a small nonprofit in the Public Safety sector that reported $270K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 31% operating margin.

Mission

THE PURPOSE OF THIS ORGANIZATION SHALL BE THE PRESERVATION OF LIFE AND PROPERTY AND THE PREVENTION, CONTROL AND EXTINGUISHMENT OF FIRE.

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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 $153,202

Program Service Revenue $39,848

Investment Income $2,242

Other Revenue $75,202

TOTAL REVENUE $270,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,000

Fundraising Expenses $11,849

Program Expenses $147,171

Other Expenses $181,631

TOTAL EXPENSES $186,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$270,494	$202,715	+0.3%
Expenses	$186,631	$199,887	-0.1%
Net Income	$83,863	$2,828	+28.7%

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

$5,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ST LOUIS	CHIEF	N/A	Officer	$0	$0	$0
BYRON SKEELS	2ND ASSISTAN	N/A	Officer	$0	$0	$0
LIANE COLBY	DEPUTY SECRE	10.00	Officer	$2,500	$0	$2,500
JENNIFER MARSHALLL	1ST ASSISTAN	N/A	Officer	$0	$0	$0
GAVIN MARTIN	2ND CAPTAIN	N/A	Officer	$0	$0	$0
BARRY BALLENGER	1ST CAPTAIN	N/A	Officer	$0	$0	$0
RYAN ST LOUIS	3RD CAPTAIN	N/A	Officer	$0	$0	$0
TYRONE MULLINGS	4TH CAPTAIN	N/A	Officer	$0	$0	$0
JESSICA MARTIN	SECRETARY	10.00	Officer	$2,500	$0	$2,500
TORRY HOFFMAN	TREASURER	N/A	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	$270,494	$186,631	$2,032,228	$83,863
2023	$202,715	$199,887	$1,948,862	$2,828
2022	$239,896	$140,985	$1,942,516	$98,911
2021	$441,042	$120,214	$1,843,605	$320,828
2020	$188,613	$88,158	$1,522,777	$100,455
2019	$210,900	$108,327	$1,434,143	$102,573
2018	$195,939	$102,708	$1,331,593	$93,231

LAKE PLACID VOLUNTEER FIRE DEPARTMENT INC