LAPORTE BOROUGH VOLUNTEER FIRE COMPANY (EIN 232048759) - 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

1948

Legal Domicile

Principal Officer

RANDALL W RUHL

Phone

5709464136

Tax Period

2023-01-01 to 2023-12-31

LAPORTE BOROUGH VOLUNTEER FIRE COMPANY, founded in 1948, is a small nonprofit that reported $272K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $67K, a strong 25% operating margin.

Mission

PREVENT THE LOSS OF LIFE OR PROPERTY DUE TO FIRE, ACCIDENT, OR ILLNESS

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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 $124,045

Program Service Revenue $100,965

Investment Income $1,241

Other Revenue $45,485

TOTAL REVENUE $271,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,255

Program Expenses $202,294

Other Expenses $205,084

TOTAL EXPENSES $205,084

Year-over-Year Comparison

	2023	2022	Change
Revenue	$271,736	$241,062	+0.1%
Expenses	$205,084	$181,368	+0.1%
Net Income	$66,652	$59,694	+0.1%

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

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
FRANK FREDRICKS	PRESIDENT	3.00	Officer	$0	$0	$0
RHETT INNIS	VICE PRESIDE	3.00	Officer	$0	$0	$0
TREVOR MILLER	AMBULANCE CA	3.00	Officer	$0	$0	$0
DEB PETERMAN	SECRETARY	3.00	Officer	$0	$0	$0
MIKE PETERMAN	CHIEF	3.00	Officer	$0	$0	$0
RANDALL W RUHL	TREASURER	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
2023	$271,736	$205,084	$2,152,332	$66,652
2022	$241,062	$181,368	$2,329,482	$59,694
2021	$265,125	$175,698	$2,433,936	$89,427
2020	$197,956	$153,792	$2,220,614	$44,164
2019	$186,843	$107,513	$2,201,928	$79,330

LAPORTE BOROUGH VOLUNTEER FIRE COMPANY