LAKEVILLE VOLUNTEER FIRE CO INC (EIN 222621689) - 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

1978

Legal Domicile

Principal Officer

JIM CRETEAU

Phone

5708403489

Tax Period

2023-01-01 to 2023-12-31

LAKEVILLE VOLUNTEER FIRE CO INC, founded in 1978, is a small nonprofit that reported $274K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $261K left a modest 5% surplus.

Mission

PROVIDE VOLUNTEER FIRE AND RESCUE SERVICES TO THE LAKEVILLE, PENNSYLVANIA AREA.

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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 $77,474

Program Service Revenue $194,951

Investment Income $1,456

Other Revenue $0

TOTAL REVENUE $273,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,800

Fundraising Expenses $0

Program Expenses $229,490

Other Expenses $258,266

TOTAL EXPENSES $261,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$273,881	$319,109	-0.1%
Expenses	$261,066	$321,997	-0.2%
Net Income	$12,815	$-2,888	-5.4%

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
ROBERT BOOGERTMAN	OFFICER	2.00	Officer	$0	$0	$0
MARGARET BRULOTTE	SECRETARY	2.00	Officer	$0	$0	$0
JIM CRETEAU	VICE PRESDIE	2.00	Officer	$0	$0	$0
CHARLES DABAGHIAN	PRESIDENT	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	No data	No data	No data	No data
2023	$273,881	$261,066	$2,058,133	$12,815
2022	$319,109	$321,997	$2,087,968	$-2,888
2021	$305,934	$317,040	$2,154,123	$-11,106
2020	$239,293	$238,577	$2,260,482	$716
2019	$234,293	$315,154	$2,282,005	$-80,861
2018	$229,147	$157,976	$2,389,512	$71,171

LAKEVILLE VOLUNTEER FIRE CO INC