Lake Harmony Volunteer Fire Co Inc (EIN 232056840) - 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

1953

Legal Domicile

Principal Officer

DAVID R LENNON

Phone

5707228138

Tax Period

2023-01-01 to 2023-12-31

Lake Harmony Volunteer Fire Co Inc, founded in 1953, is a small nonprofit that reported $426K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $367K left a modest 14% surplus.

Mission

Provide fire protection emergency services to the nearby communities

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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 $343,216

Program Service Revenue $10,331

Investment Income $13,618

Other Revenue $58,517

TOTAL REVENUE $425,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,978

Program Expenses $352,187

Other Expenses $366,636

TOTAL EXPENSES $366,636

Year-over-Year Comparison

	2023	2022	Change
Revenue	$425,682	$334,743	+0.3%
Expenses	$366,636	$288,099	+0.3%
Net Income	$59,046	$46,644	+0.3%

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
DAVID R LENNON	President	15.00	Officer	$0	$0	$0
RALPH LENNON	Chief	15.00	Officer	$0	$0	$0
JOSEPH LENNON	Deputy Chief	15.00	Officer	$0	$0	$0
LEE DISIMONE	Captain and VP	15.00	Officer	$0	$0	$0
DOMINICK PINAMONTI	Treasurer	15.00	Officer	$0	$0	$0
VICKI DARROW	Assistant Treasurer	5.000	Officer	$0	$0	$0
MALIA TORRES	Secretary	5.000	Officer	$0	$0	$0
ANGELO DUBRAVSKI	Trustee	1.000	Director	$0	$0	$0
MARY FARNSCHLADER	Trustee	2.000	Director	$0	$0	$0
ED O'MELIA	Trustee	2.000	Director	$0	$0	$0
JOSEPH SAMBUCO	Trustee	1.000	Director	$0	$0	$0
LOUIS PANTAGES	Trustee	1.000	Director	$0	$0	$0
GERALD STRUBINGER JR	Trustee	2.000	Director	$0	$0	$0
GREGORY PETRILLO	Trustee	1.000	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$425,682	$366,636	$3,529,183	$59,046
2022	$334,743	$288,099	$3,024,143	$46,644
2021	$242,888	$260,454	$2,994,980	$-17,566
2020	$269,079	$231,923	$3,053,813	$37,156
2019	$290,363	$276,526	$3,159,969	$13,837
2018	$584,278	$183,322	$2,964,091	$400,956

Lake Harmony Volunteer Fire Co Inc