Lake Silkworth Volunteer Fire Department

EIN: 232389325 501(c)(3)

Hunlock Creek, PA

Total Revenue
$1,287,797
Total Expenses
$84,486
Total Assets
$1,478,199
Net Assets
$1,478,199
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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
PA
Principal Officer
Maury Romonoski
Phone
5704775603
Tax Period
2021-01-01 to 2021-12-31

Lake Silkworth Volunteer Fire Department, founded in 1948, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2021. Revenue surged 2066% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 93% operating margin.

Mission

Protect Life & Property from Fire

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $1,090,410
Program Service Revenue $5,555
Investment Income $178,631
Other Revenue $13,201
TOTAL REVENUE $1,287,797

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,307
Program Expenses $56,590
Other Expenses $84,486
TOTAL EXPENSES $84,486

Year-over-Year Comparison

2021 2020 Change
Revenue $1,287,797 $59,463 +20.7%
Expenses $84,486 $67,949 +0.2%
Net Income $1,203,311 $-8,486 -142.8%
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

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Governance

Voting Members
22
Independent Members
22
Employees
N/A
Volunteers
40

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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maury Romonoski Treasurer 0.00
Director
$0 $0 $0
William Lathtop President 0.00
Officer
$0 $0 $0
Bob Lamoreaux Vice President 0.00
Officer
$0 $0 $0
Diane Grimes Secretary 0.00
Officer
$0 $0 $0
Chris Lathtop Fire Chief 0.00
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
2021 $1,287,797 $84,486 $1,478,199 $1,203,311
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