LAKE ERIE BEACH VOLUNTEER FIRE CO

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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

1952

Legal Domicile

Principal Officer

Norman Gzyl

Phone

7165496054

Tax Period

2024-01-01 to 2024-12-31

LAKE ERIE BEACH VOLUNTEER FIRE CO, founded in 1952, is a small nonprofit that reported $380K in total revenue in fiscal year 2024. Net assets of $1.7M represent 54 months of operating reserves.

Mission

VOLUNTEER FIRE COMPANY

Program Service Accomplishments

Program 1

Expenses: $414,357 Revenue: $0

Ambulance and Fire Protection for the Lake Erie Beach fire district in the Town of Evans, 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 (2024)

Revenue Breakdown

Contributions & Grants $435

Program Service Revenue $296,736

Investment Income $30,729

Other Revenue $51,651

TOTAL REVENUE $379,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,283

Fundraising Expenses $0

Program Expenses $414,357

Other Expenses $387,074

TOTAL EXPENSES $414,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$379,551	$392,259	0.0%
Expenses	$414,357	$443,993	-0.1%
Net Income	$-34,806	$-51,734	-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

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

$3,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Norman Gzyl	President	10.00	Officer	$0	$0	$0
Jeanne Macko	Treasurer	10.00	Officer	$0	$0	$3,300
Karen Gengler	Vice-President	10.00	Officer	$0	$0	$0
David Emhof	Secretary	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	$379,551	$414,357	$2,056,695	$-34,806
2023	$392,259	$443,993	$2,141,694	$-51,734
2022	$601,895	$528,750	$2,242,211	$73,145
2021	$370,272	$414,453	$2,216,481	$-44,181
2020	$527,421	$597,412	$2,306,700	$-69,991
2019	$424,832	$403,068	$1,851,153	$21,764
2018	$367,726	$324,600	$1,829,389	$43,126