LINCOLN VOLUNTEER FIRE DEPARTMENT (EIN 222536503) - 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

1947

Legal Domicile

Principal Officer

MICHAEL FREDERES

Phone

3155248493

Tax Period

2024-03-01 to 2025-02-28

LINCOLN VOLUNTEER FIRE DEPARTMENT, founded in 1947, is a small nonprofit in the Public Safety sector that reported $248K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $65K, a strong 26% operating margin.

Mission

TO PROVIDE FIRE PROTECTION TO THE TERRITORY WHICH THIS ORGANIZATION COVERS AND TO ASSIST OTHER ORGANIZATIONS IN SIMILAR ENDEAVORS

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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 $21,908

Program Service Revenue $178,072

Investment Income $19,951

Other Revenue $27,700

TOTAL REVENUE $247,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $179,948

Other Expenses $182,264

TOTAL EXPENSES $182,264

Year-over-Year Comparison

	2024	2023	Change
Revenue	$247,631	$216,338	+0.1%
Expenses	$182,264	$214,297	-0.1%
Net Income	$65,367	$2,041	+31.0%

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
MICHAEL FREDERES	PRESIDENT	15.00	Officer Director	$0	$0	$0
DANIEL FREDERES	CHIEF	15.00	Director	$0	$0	$0
DAVID BODAK	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BREWER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BODAK	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS LANDRY	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MACCHIONE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SHUBONEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL MCMANUS	TREASURER	10.00	Officer	$0	$0	$0
MICHAEL SEROTTA	SECRETARY	1.00	Officer	$0	$0	$0
CHRIS BROOMFIELD	SGT AT ARMS	1.00	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	$247,631	$182,264	$811,487	$65,367
2024	$216,338	$214,297	$746,120	$2,041
2023	$233,567	$270,859	$744,079	$-37,292
2022	$192,617	$332,090	$785,071	$-139,473
2021	$199,331	$181,271	$956,557	$18,060
2020	$197,978	$197,767	$948,653	$211
2019	$317,089	$140,556	$958,352	$176,533

LINCOLN VOLUNTEER FIRE DEPARTMENT