Lake Shore Volunteer Fire Company Inc (EIN 160997192) - 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

1937

Legal Domicile

Principal Officer

Chris Wilson

Phone

7166273550

Tax Period

2024-01-01 to 2024-12-31

Lake Shore Volunteer Fire Company Inc, founded in 1937, is a small nonprofit that reported $996K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $308K, a strong 31% operating margin.

Mission

Volunteer fire emergency medical services

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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 $126,152

Program Service Revenue $579,800

Investment Income $45,365

Other Revenue $244,850

TOTAL REVENUE $996,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,392

Fundraising Expenses $0

Program Expenses $626,446

Other Expenses $668,901

TOTAL EXPENSES $688,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$996,167	$727,336	+0.4%
Expenses	$688,293	$645,510	+0.1%
Net Income	$307,874	$81,826	+2.8%

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

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
Paul Wilson	Chief	5.00	Director	$0	$0	$0
Chad Witkowski	Director	3.00	Director	$0	$0	$0
Brian Bleistein	Director	3.00	Director	$0	$0	$0
Thom Taylor	Director	3.00	Director	$0	$0	$0
David Zimmer	Director	3.00	Director	$0	$0	$0
Dylan Zielinski	Director	3.00	Director	$0	$0	$0
Gerry Cereghino	Sargent at Large	3.00	Director	$0	$0	$0
Garrett Hileman	Director	3.00	Director	$0	$0	$0
Mark Heilig	Director	3.00	Director	$0	$0	$0
Mary Gates	Recording Secretary	5.00	Officer	$0	$0	$0
Tom Putman	Financial Secretary	5.00	Officer	$0	$0	$0
Andrew Harris	Comptroller	10.00	Officer	$0	$0	$0
Larry Januchowski	Vice-President	5.00	Officer	$0	$0	$0
Joseph Pierce	Treasurer	5.00	Officer	$0	$0	$0
Peggie Lipka	Corresponding Secretary	5.00	Officer	$0	$0	$0
Chris Wilson	President	10.00	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	$996,167	$688,293	$3,428,428	$307,874
2023	$727,336	$645,510	$3,126,137	$81,826
2022	$585,376	$585,379	$3,060,236	$-3
2021	$596,331	$520,901	$3,036,853	$75,430
2020	$575,682	$526,450	$2,970,341	$49,232
2019	$659,981	$668,284	$2,903,561	$-8,303
2018	$556,640	$700,166	$2,908,717	$-143,526

Lake Shore Volunteer Fire Company Inc