Lake George Volunteer Fire Co Inc

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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

1990

Legal Domicile

Principal Officer

Doni Smith

Phone

5186685083

Tax Period

2024-01-01 to 2024-12-31

Lake George Volunteer Fire Co Inc, founded in 1990, is a small nonprofit in the Public Safety sector that reported $138K in total revenue in fiscal year 2024. The organization ran a surplus of $39K, a strong 28% operating margin.

Mission

To provide fire protection, fire inspection and fire safety education services to our community.

Program Service Accomplishments

Program 1

Expenses: $97,577 Revenue: $137,746

To provide the best possible protection to the residents of the Town and Village of Lake George and the surrounding communities under the Mutual Aid Plan and as set forth in the Standard Operating...

To provide the best possible protection to the residents of the Town and Village of Lake George and the surrounding communities under the Mutual Aid Plan and as set forth in the Standard Operating Procedures of this department. To provide fire protection, fire inspection and fire safety education services to our community.

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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 $90,512

Program Service Revenue $0

Investment Income $18,673

Other Revenue $28,561

TOTAL REVENUE $137,746

Expense Breakdown

Grants Paid $1,850

Salaries & Benefits $10,415

Fundraising Expenses $0

Program Expenses $97,577

Other Expenses $86,305

TOTAL EXPENSES $98,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,746	$139,057	0.0%
Expenses	$98,570	$107,615	-0.1%
Net Income	$39,176	$31,442	+0.2%

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

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
Doni Smith	President	8.00	Officer	$0	$0	$0
Hugh Sullivan	Vice President	8.00	Officer	$0	$0	$0
Frank Nestro	Director	4.00	Director	$0	$0	$0
Ricky White	Director	4.00	Director	$0	$0	$0
Bob Evans	Director	4.00	Director	$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	$137,746	$98,570	$567,785	$39,176
2023	$139,057	$107,615	$528,609	$31,442