CANTON FIRE CORPORATION (EIN 166209638) - 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

1952

Legal Domicile

Principal Officer

MICHAEL MORGAN

Phone

3153864613

Tax Period

2024-04-01 to 2025-03-31

CANTON FIRE CORPORATION, founded in 1952, is a small nonprofit in the Public Safety sector that reported $168K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $255K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO PROVIDE PROTECTION FROM PERSONAL INJURY DURING A FIRE

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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 $8,761

Program Service Revenue $130,780

Investment Income $9,032

Other Revenue $19,688

TOTAL REVENUE $168,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $243,529

Other Expenses $254,894

TOTAL EXPENSES $254,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,261	$223,988	-0.2%
Expenses	$254,894	$281,037	-0.1%
Net Income	$-86,633	$-57,049	+0.5%

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

$13,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WITHERHEAD	MEMBER AT LARGE - FIRE	5.00	Director	$0	$0	$0
JIM BURDICK	MEMBER AT LARGE-RESCUE	5.00	Director	$0	$0	$0
ROBERT CROWE	CHIEF	5.00	Officer	$0	$0	$0
SHAWN MCGREGOR	1ST ASSISTANT CHIEF	5.00	Officer	$0	$0	$0
STEVEN CARY	3RD ASSISTANT CHIEF	5.00	Officer	$0	$0	$0
MATT KROEGER	2ND ASSISTANT CHIEF	5.00	Officer	$0	$0	$0
DONALD THOMPSON	SECRETARY	5.00	Officer	$0	$0	$0
MICHAEL MORGAN	TREASURER	5.00	Officer	$0	$0	$13,000
MICHAEL DALTON	ASST. TREASURER	5.00	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	$168,261	$254,894	$1,562,000	$-86,633
2024	$223,988	$281,037	$1,530,475	$-57,049
2023	$152,534	$290,878	$1,613,695	$-138,344
2022	$387,129	$250,259	$1,484,611	$136,870
2021	$110,703	$258,250	$1,347,741	$-147,547
2020	$373,063	$283,632	$1,495,288	$89,431
2019	$84,887	$716,502	$1,405,857	$-631,615
2018	$151,876	$219,019	$1,388,740	$-67,143

CANTON FIRE CORPORATION