INDEPENDENCE TWP VOLUNTEER FIRE (EIN 222458057) - 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

1946

Legal Domicile

Principal Officer

ERNEST KINNEY

Phone

9088139533

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENCE TWP VOLUNTEER FIRE, founded in 1946, is a small nonprofit in the Public Safety sector that reported $109K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $102K left a modest 7% surplus.

Mission

TO PROVIDE FIRE FIGHTING SERVICES

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $58,046

Program Service Revenue $0

Investment Income $33

Other Revenue $51,295

TOTAL REVENUE $109,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,608

Program Expenses $88,007

Other Expenses $99,807

TOTAL EXPENSES $101,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,374	$93,110	+0.2%
Expenses	$101,666	$120,305	-0.2%
Net Income	$7,708	$-27,195	-1.3%

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

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
ERNEST KINNEY	PRESIDENT	N/A	Officer	$0	$0	$0
MICHAEL PENNINGTON	TREASURER	N/A	Officer	$0	$0	$0
STEVEN SCHAFFER	VICE PRESIDE	N/A	Officer	$0	$0	$0
THOMAS TAGLIARENI	SECRETARY	N/A	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	No data	No data	No data	No data
2023	$109,374	$101,666	$771,103	$7,708
2022	$93,110	$120,305	$763,395	$-27,195
2021	$83,325	$111,970	$790,590	$-28,645
2020	$78,415	$125,863	$819,235	$-47,448
2019	$110,497	$150,249	$866,683	$-39,752
2018	$104,633	$122,883	$906,435	$-18,250

INDEPENDENCE TWP VOLUNTEER FIRE