Romulus Volunteer Fire Department (EIN 161400105) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Romulus Volunteer Fire Department, founded in 1947, is a small nonprofit in the Public Safety sector that reported $156K in total revenue in fiscal year 2023. The organization ran a surplus of $24K, a strong 15% operating margin.

Mission

Provide fire services to over 3000 homes in the Romulus Fire District

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,839

Program Service Revenue $143,981

Investment Income $17

Other Revenue $8,887

TOTAL REVENUE $155,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,309

Other Expenses $131,783

TOTAL EXPENSES $131,783

Year-over-Year Comparison

	2023	2022	Change
Revenue	$155,724	$158,053	0.0%
Expenses	$131,783	$165,868	-0.2%
Net Income	$23,941	$-7,815	-4.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Melody Collinsworth	Board	1.00	Director	$0	$0	$0
John Zimmerman	Board	1.00	Director	$0	$0	$0
Bryan Burkholder	Board	1.00	Director	$0	$0	$0
Nevin Horst	Board Asst Chief	1.00	Officer Director	$0	$0	$0
Stacey Bennett	Chief Board Chairman	4.00	Officer Director	$0	$0	$0
James Hinman	Treasurer	3.00	Officer Director	$0	$0	$0
Scott Brewer	Vice-President	2.00	Officer Director	$0	$0	$0
Diana Hinman	Corporate Recorder	4.00	Officer	$0	$0	$0
Robert Steele	President Asst Chief	1.00	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	$155,724	$131,783	$264,232	$23,941
2022	$158,053	$165,868	$266,404	$-7,815
2021	$160,514	$156,556	$298,955	$3,958
2020	$167,160	$158,251	$320,954	$8,909
2019	$154,168	$156,938	$273,929	$-2,770
2018	$184,244	$147,998	$282,074	$36,246

Romulus Volunteer Fire Department