IONIA VOLUNTEER FIRE COMPANY INC

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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

1954

Legal Domicile

Principal Officer

JUDITH L BALDWIN

Phone

5856577188

Tax Period

2025-01-01 to 2025-12-31

IONIA VOLUNTEER FIRE COMPANY INC, founded in 1954, is a small nonprofit in the Public Safety sector that reported $147K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $46K, a strong 31% operating margin.

Mission

THE IONIA VOLUNTEER FIRE COMPANY, INC. IS ORGANIZED TO PROVIDE FIRE AND EMERGENCY SERVICES TO THE RESIDENTS OF WEST BLOOMFIELD, NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $100,018 Revenue: $147,430

PROVIDE FIRE AND EMERGENCY 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 (2025)

Revenue Breakdown

Contributions & Grants $11,362

Program Service Revenue $119,347

Investment Income $11,888

Other Revenue $4,833

TOTAL REVENUE $147,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,018

Other Expenses $96,470

TOTAL EXPENSES $101,263

Year-over-Year Comparison

	2025	2024	Change
Revenue	$147,430	$128,883	+0.1%
Expenses	$101,263	$114,153	-0.1%
Net Income	$46,167	$14,730	+2.1%

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

N/A

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
CARTER WHITMORE	CHIEF	10.00	Officer	$0	$0	$0
RANDY O'BRIEN	President	10.00	Officer	$0	$0	$0
JUDITH L BALDWIN	SECR/TREASURER	10.00	Officer	$0	$0	$0
JOHN STEIN	Vice 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
2025	$147,430	$101,263	$777,374	$46,167
2024	$128,883	$114,153	$730,566	$14,730
2023	$116,367	$100,405	$716,249	$15,962
2022	$104,389	$89,717	$817,040	$14,672
2021	$93,782	$79,088	$884,257	$14,694
2020	$90,461	$97,861	$890,416	$-7,400
2019	$328,325	$88,082	$918,122	$240,243
2018	$96,176	$83,118	$774,462	$13,058