LORRAINE VOLUNTEER FIRE COMPANY INC (EIN 161601628) - 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

1962

Legal Domicile

Principal Officer

Donald Gould

Phone

3152322601

Tax Period

2023-01-01 to 2023-12-31

LORRAINE VOLUNTEER FIRE COMPANY INC, founded in 1962, is a micro nonprofit in the Public Safety sector that reported $82K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $34K, a strong 42% operating margin.

Mission

Volunteer Fire Department

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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 $7,156

Program Service Revenue $58,500

Investment Income $6,886

Other Revenue $9,455

TOTAL REVENUE $81,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,682

Other Expenses $47,682

TOTAL EXPENSES $47,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,997	$75,079	+0.1%
Expenses	$47,682	$48,630	0.0%
Net Income	$34,315	$26,449	+0.3%

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
Brent Nichols	President	0.00	Officer	$0	$0	$0
Stacey Pitkin	Vice President	0	Officer	$0	$0	$0
Bilkey Moore	Secretary	0	Officer	$0	$0	$0
Donald Gould	Treasurer	0	Officer	$0	$0	$0
Mark Shelmidine	Chief	0	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	$81,997	$47,682	$1,478,207	$34,315
2022	$75,079	$48,630	$1,457,039	$26,449
2021	$82,836	$36,068	$1,443,147	$46,768
2020	$69,787	$40,570	$1,408,373	$29,217

LORRAINE VOLUNTEER FIRE COMPANY INC