MOUNT HOPE FIRE CO NO 1 (EIN 222346580) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1935

Legal Domicile

Principal Officer

WILLIAM A WILLADSEN

Phone

9733666339

Tax Period

2024-01-01 to 2024-12-31

MOUNT HOPE FIRE CO NO 1, founded in 1935, is a small nonprofit in the Public Safety sector that reported $120K in total revenue in fiscal year 2024. Expenses of $110K left a modest 8% surplus.

Mission

THE FIRE COMPANY'S GOAL HAS BEEN TO PROTECT THE COMMUNITY BY ESTABLISHING A VOLUNTEER FIRE COMPANY. THE COMPANY RESPONDS TO EMERGENCIES SUCH AS FIRES, MOTOR VEHICLE ACCIDENTS, SEARCH AND RESCUES AND AMBULANCE CALLS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $58,711

Program Service Revenue $0

Investment Income $2,255

Other Revenue $58,546

TOTAL REVENUE $119,512

Expense Breakdown

Grants Paid $600

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,985

Other Expenses $109,390

TOTAL EXPENSES $109,990

Year-over-Year Comparison

	2024	2023	Change
Revenue	$119,512	$117,543	+0.0%
Expenses	$109,990	$95,315	+0.2%
Net Income	$9,522	$22,228	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$3,891

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN G ELKO	PRESIDENT	2.00	Officer	$2,813	$0	$2,813
WILLIAM A WILLADSEN	TREASURER	2.00	Officer	$1,078	$0	$1,078
AMBER MCCORMACK	SECRETARY	2.00	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	$119,512	$109,990	$1,429,558	$9,522
2023	$117,543	$95,315	$1,384,895	$22,228
2022	$117,502	$85,430	$1,348,383	$32,072
2021	$123,462	$73,187	$1,368,132	$50,275
2020	$98,696	$73,381	$1,303,608	$25,315
2019	$118,069	$77,463	$1,269,766	$40,606
2018	$106,190	$78,280	$1,197,016	$27,910

MOUNT HOPE FIRE CO NO 1