Lake George Volunteer Fire Co Inc

EIN: 223535436 501(c)(3) Public Safety

Lake George, NY

Total Revenue
$137,746
Total Expenses
$98,570
Total Assets
$567,785
Net Assets
$567,776
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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
NY
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.

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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%)

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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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
54

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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