COLOGNE VOLUNTEER FIRE COMPANY (EIN 222515420) - 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

1960

Legal Domicile

Principal Officer

MIKE ASPENWAL

Phone

6095766488

Tax Period

2023-01-01 to 2023-12-31

COLOGNE VOLUNTEER FIRE COMPANY, founded in 1960, is a micro nonprofit in the Public Safety sector that reported $56K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $96K exceeded revenue, resulting in a 71% operating deficit.

Mission

PROTECTION OF LIFE AND PROPERTY FROM FIRE

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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 $47,755

Program Service Revenue $0

Investment Income $24

Other Revenue $8,225

TOTAL REVENUE $56,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,311

Other Expenses $95,714

TOTAL EXPENSES $95,714

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,004	$77,558	-0.3%
Expenses	$95,714	$97,478	0.0%
Net Income	$-39,710	$-19,920	+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	Role	Reportable Comp	Other Comp	Total
CHRIS TAYLOR	Vice President	Officer Director	$0	$0	$0
WILLIAM FAUST	Treasurer	Officer	$0	$0	$0
ERIC SHANE	Secretary	Officer	$0	$0	$0
MIKE ASPENWAL	President	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	$56,004	$95,714	$563,450	$-39,710
2022	$77,558	$97,478	$603,160	$-19,920
2021	$71,782	$83,472	$632,728	$-11,690
2020	$63,706	$82,939	$634,073	$-19,233
2019	$78,602	$109,652	$648,598	$-31,050
2018	$202,807	$74,371	$671,714	$128,436

COLOGNE VOLUNTEER FIRE COMPANY