HILLSBOROUGH TOWNSHIP VOLUNTEER FIRE CO #3 (EIN 222188190) - 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

1955

Legal Domicile

Principal Officer

MARK BROWNLIE

Phone

9083593333

Tax Period

2024-01-01 to 2024-12-31

HILLSBOROUGH TOWNSHIP VOLUNTEER FIRE CO #3, founded in 1955, is a small nonprofit in the Public Safety sector that reported $132K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $639K represent 58 months of operating reserves.

Mission

TO PROVIDE A COMPREHENSIVE EMERGENCY SERVICE DESIGNED TO ENHANCE OUR COMMUNITY THROUGH FIRE PREVENTION, PUBLIC EDUCATION AND EMERGENCY RESPONSE. WE ARE DEDICATED TO PROTECTING LIFE, PROPERTY, AND ENVIRONMENT.

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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 $53,041

Program Service Revenue $0

Investment Income $5,614

Other Revenue $73,845

TOTAL REVENUE $132,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $127,150

Other Expenses $130,437

TOTAL EXPENSES $130,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$132,500	$168,600	-0.2%
Expenses	$130,437	$121,559	+0.1%
Net Income	$2,063	$47,041	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH FRUEND	PRESIDENT	10.00	Officer Director	$0	$0	$0
VIN RUSSO	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
VINCENT LAI	SECRETARY	2.00	Officer Director	$0	$0	$0
ED SHERER	TREASURER	5.00	Officer Director	$0	$0	$0
KEN JOHNSON	CHIEF	20.00	Officer Director	$0	$0	$0
MATT HAND	ASSISTANT CHIEF	10.00	Officer Director	$0	$0	$0
TIM COYLE	TRUSTEE	10.00	Officer Director	$0	$0	$0
SAM ROZYCKI	TRUSTEE	5.00	Officer Director	$0	$0	$0
RICK ARTZ	TRUSTEE	1.00	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	$132,500	$130,437	$1,058,850	$2,063
2023	$168,600	$121,559	$1,042,171	$47,041
2022	$161,321	$132,687	$973,415	$28,634
2021	$148,067	$106,697	$944,100	$41,370
2020	$109,330	$116,917	$903,595	$-7,587
2019	$134,507	$152,628	$913,382	$-18,121
2018	$122,040	$132,460	$935,490	$-10,420

HILLSBOROUGH TOWNSHIP VOLUNTEER FIRE CO #3