Erskine Lakes Volunteer Fire Co No 1 Inc (EIN 226029794) - 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

1966

Legal Domicile

Principal Officer

Peter Wattley

Phone

9739627017

Tax Period

2024-01-01 to 2024-12-31

Erskine Lakes Volunteer Fire Co No 1 Inc, founded in 1966, is a small nonprofit in the Public Safety sector that reported $154K in total revenue in fiscal year 2024. Revenue surged 101% from the prior year, signaling strong growth momentum. Expenses of $136K left a modest 11% surplus.

Mission

Volunteer Fire Fighting & Safety Education

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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 $123,136

Program Service Revenue $0

Investment Income $9,953

Other Revenue $20,422

TOTAL REVENUE $153,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,194

Program Expenses $106,665

Other Expenses $136,429

TOTAL EXPENSES $136,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$153,511	$76,241	+1.0%
Expenses	$136,429	$156,243	-0.1%
Net Income	$17,082	$-80,002	-1.2%

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
Matt Finch	Chief	15.00	Officer	$0	$0	$0
Steve Hoyt	Treasurer	3.00	Officer	$0	$0	$0
Peter Wattley	President	10.00	Officer	$0	$0	$0
Jerry Wallace	Secretary	3.00	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	$153,511	$136,429	$948,340	$17,082
2023	$76,241	$156,243	$924,507	$-80,002
2022	$132,607	$167,145	$1,009,152	$-34,538
2021	$136,592	$133,651	$1,045,181	$2,941
2020	$124,093	$147,554	$1,042,236	$-23,461
2019	$87,538	$141,664	$1,065,697	$-54,126
2018	$305,278	$115,873	$1,139,130	$189,405

Erskine Lakes Volunteer Fire Co No 1 Inc