Polk Township Volunteer Fire Co (EIN 232155830) - 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

1969

Legal Domicile

Principal Officer

Wendy Cronshey

Phone

6106814370

Tax Period

2024-01-01 to 2024-12-31

Polk Township Volunteer Fire Co, founded in 1969, is a small nonprofit in the Public Safety sector that reported $443K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 31% operating margin.

Mission

Firefighting & rescue

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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 $341,498

Program Service Revenue $8,920

Investment Income $2,323

Other Revenue $90,650

TOTAL REVENUE $443,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,451

Program Expenses $233,204

Other Expenses $305,467

TOTAL EXPENSES $305,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$443,391	$358,217	+0.2%
Expenses	$305,467	$290,617	+0.1%
Net Income	$137,924	$67,600	+1.0%

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
Candy Burger	Secretary	3.00	Officer	$0	$0	$0
Cindy L Haydt	Treasurer	6.00	Officer	$0	$0	$0
William Tippett	Vice President	2.00	Officer	$0	$0	$0
Wendy Cronshey	President	5.00	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	$443,391	$305,467	$1,396,805	$137,924
2023	$358,217	$290,617	$1,101,983	$67,600
2022	$239,133	$298,364	$1,125,238	$-59,231
2021	$209,346	$198,471	$1,321,490	$10,875
2020	$286,737	$189,666	$1,373,574	$97,071
2019	$132,174	$239,079	$1,334,445	$-106,905
2018	$192,530	$221,455	$1,339,908	$-28,925

Polk Township Volunteer Fire Co