MOUNT HOPE FIRE CO NO 1

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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

1935

Legal Domicile

Principal Officer

WILLIAM A WILLADSEN

Phone

9733666339

Tax Period

2025-01-01 to 2025-12-31

MOUNT HOPE FIRE CO NO 1, founded in 1935, is a small nonprofit in the Public Safety sector that reported $126K in total revenue in fiscal year 2025. Expenses of $111K left a modest 12% surplus.

Mission

THE GOAL OF THE ORGANIZATION IS 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.

Program Service Accomplishments

Program 1

Expenses: $100,155

TO SERVE MOUNT HOPE AND SURROUNDING AREAS FOR EMERGENCIES SUCH AS FIRES, MOTOR VEHICLE ACCIDENTS, SEARCH AND RESCUE, AND AMBULANCE CALLS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $56,728

Program Service Revenue $0

Investment Income $17,433

Other Revenue $51,553

TOTAL REVENUE $125,714

Expense Breakdown

Grants Paid $1,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,155

Other Expenses $109,089

TOTAL EXPENSES $110,989

Year-over-Year Comparison

	2025	2024	Change
Revenue	$125,714	$119,512	+0.1%
Expenses	$110,989	$109,990	+0.0%
Net Income	$14,725	$9,522	+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

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
JOHN G ELKO	PRESIDENT	2.00	Officer	$0	$0	$0
WILLIAM A WILLADSEN	TREASURER	2.00	Officer	$0	$0	$0
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
2025	$125,714	$110,989	$1,516,995	$14,725
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