Madison Park Volunteer Fire Co Inc (EIN 226168681) - 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

1956

Legal Domicile

Principal Officer

Mike Greaves

Phone

7327271143

Tax Period

2023-01-01 to 2023-12-31

Madison Park Volunteer Fire Co Inc, founded in 1956, is a micro nonprofit in the Public Safety sector that reported $85K in total revenue in fiscal year 2023. Net assets of $324K represent 46 months of operating reserves.

Mission

Fire Fighting Fire Protection and supression for municipality

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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 $5,105

Program Service Revenue $0

Investment Income $47

Other Revenue $79,715

TOTAL REVENUE $84,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $88,918

TOTAL EXPENSES $88,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,867	$82,061	+0.0%
Expenses	$88,918	$74,282	+0.2%
Net Income	$-4,051	$7,779	-1.5%

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

N/A

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
Richard Wolff	Pres	20.00	Officer	$0	$0	$0
Noah Seals	V Pres	10.00	Officer	$0	$0	$0
Olivia Seals	Treasurer	10.00	Officer	$0	$0	$0
Heather Doninger	Secretary	10.00	Officer	$0	$0	$0
Robert Doninger	Trustee Chairman	10.00		$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
2023	$84,867	$88,918	$685,972	$-4,051
2022	$82,061	$74,282	$705,934	$7,779
2021	$74,322	$61,301	$716,300	$13,021
2020	$62,785	$58,792	$724,197	$3,993
2019	$73,682	$76,439	$739,519	$-2,757
2018	$84,029	$76,847	$758,150	$7,182

Madison Park Volunteer Fire Co Inc