ALBION VOLUNTEER FIRE DEPARTMENT (EIN 202150988) - 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

1925

Legal Domicile

Principal Officer

STEPHANIE HOSACK

Phone

8147564210

Tax Period

2023-01-01 to 2023-12-31

ALBION VOLUNTEER FIRE DEPARTMENT, founded in 1925, is a small nonprofit in the Public Safety sector that reported $236K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Net assets of $735K represent 37 months of operating reserves.

Mission

TO SERVE AND PROTECT THE COMMUNITY BY ACTING AS THE LOCAL FIRE DEPARTMENT AND TO PROVIDE FIRE SAFETY EDUCATION AND PUBLIC SERVICE FOR THE LOCAL COMMUNITY.

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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 $141,982

Program Service Revenue $89,220

Investment Income $4,207

Other Revenue $200

TOTAL REVENUE $235,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,616

Fundraising Expenses $0

Program Expenses $174,677

Other Expenses $230,085

TOTAL EXPENSES $231,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,609	$400,795	-0.4%
Expenses	$231,701	$296,678	-0.2%
Net Income	$3,908	$104,117	-1.0%

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

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

$425

Total Directors

$425

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE HOSACK	PRESIDENT	8.00	Officer Director	$425	$0	$425
ALLEN DUDA	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
SHIRLEY BRADDOCK	TREASURER	8.00	Officer Director	$0	$0	$0
JODY BORATYN	SECRETARY	4.00	Officer Director	$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	$235,609	$231,701	$768,862	$3,908
2022	$400,795	$296,678	$795,954	$104,117
2022	$400,795	$296,678	$795,954	$104,117
2021	$325,204	$292,871	$726,389	$32,333
2020	$331,814	$253,678	$776,479	$78,136
2019	$280,772	$274,587	$677,500	$6,185
2018	$279,653	$304,905	$714,062	$-25,252

ALBION VOLUNTEER FIRE DEPARTMENT