Covington Independent Vol Fire Co (EIN 222963543) - 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

1948

Legal Domicile

Principal Officer

Gene Hart Jr

Tax Period

2023-01-01 to 2023-12-31

Covington Independent Vol Fire Co, founded in 1948, is a small nonprofit that reported $996K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $283K, a strong 28% operating margin.

Mission

To provide fire and ambulance service to Covington TWP and surrounding communities.

🔒

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 $473,698

Program Service Revenue $473,998

Investment Income $48,022

Other Revenue $0

TOTAL REVENUE $995,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $91,852

Program Expenses $618,500

Other Expenses $713,155

TOTAL EXPENSES $713,155

Year-over-Year Comparison

	2023	2022	Change
Revenue	$995,718	$677,635	+0.5%
Expenses	$713,155	$539,777	+0.3%
Net Income	$282,563	$137,858	+1.0%

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
Sarah Rouse Jr	Vice President	5.00	Officer	$0	$0	$0
Jerry Timinski	Secretary	5.00	Officer	$0	$0	$0
Marshal Peirce Jr	Treasurer	20.00	Officer	$0	$0	$0
Gene Hart Jr	President	5.00	Officer Key Emp	$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	$995,718	$713,155	$1,187,773	$282,563
2022	$677,635	$539,777	$905,210	$137,858
2021	$544,218	$560,820	$890,125	$-16,602
2020	$267,813	$331,425	$938,726	$-63,612
2019	$284,194	$181,386	$1,034,382	$102,808
2018	$223,868	$207,637	$744,758	$16,231

Covington Independent Vol Fire Co