CAROGA LAKE VOL FIRE COMPANY INC (EIN 146025731) - 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

1951

Legal Domicile

Principal Officer

CHRISTOPHER ACKERKNECHT

Phone

5188354137

Tax Period

2023-01-01 to 2023-12-31

CAROGA LAKE VOL FIRE COMPANY INC, founded in 1951, is a small nonprofit in the Public Safety sector that reported $270K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $69K, a strong 25% operating margin.

Mission

TO PROVIDE FIRE PROTECTION SERVICES FOR THE RESIDENTS IN THE TOWNS OF CAROGA, BLEECKER, AND PISECO IN UPSTATE NEW YORK.

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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 $19,804

Program Service Revenue $242,396

Investment Income $7,674

Other Revenue $52

TOTAL REVENUE $269,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $140

Program Expenses $198,902

Other Expenses $201,406

TOTAL EXPENSES $201,406

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,926	$227,262	+0.2%
Expenses	$201,406	$236,101	-0.1%
Net Income	$68,520	$-8,839	-8.8%

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
CHRISTOPHER ACKERKNECHT	PRESIDENT	4.00	Officer Director	$0	$0	$0
GEORGE COSSELMAN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN DELESKY	SECRETARY	4.00	Officer Director	$0	$0	$0
BRIAN MCINTOSH	TREASURER	4.00	Officer Director	$0	$0	$0
ALAN PECK	DIRECTOR	2.00	Director	$0	$0	$0
TERRENCE SCHARPOU	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT SULLIVAN	VICE PRESIDE	4.00	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	$269,926	$201,406	$2,900,199	$68,520
2022	$227,262	$236,101	$2,889,309	$-8,839
2021	$399,416	$206,249	$2,954,981	$193,167
2020	$311,920	$137,411	$3,016,890	$174,509
2019	$230,821	$77,957	$1,468,220	$152,864
2018	$244,896	$89,709	$1,309,471	$155,187

CAROGA LAKE VOL FIRE COMPANY INC