HOBBIE VOLUNTEER FIRE COMPANY 1 (EIN 232451475) - 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

1950

Legal Domicile

Principal Officer

MARK SMITH

Phone

5708243543

Tax Period

2024-01-01 to 2024-12-31

HOBBIE VOLUNTEER FIRE COMPANY 1, founded in 1950, is a small nonprofit in the Public Safety sector that reported $115K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $132K exceeded revenue, resulting in a 15% operating deficit.

Mission

PUBLIC SAFETY VOLUNTEER AMBULANCE AND FIRE COMPANY. HOLDS ANNUAL FIREMANS CARNIVAL. THIS IS THE MAIN SOURCE OF FUNDRAISING. ALL HELP IS VOLUNTARY. ALL FUNDS GO DIRECTLY TO THE FIRE COMPANY WHICH PROVIDES FIRE ,SAFETY AND EMS TO THE COMMUNITY.

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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 $114,849

Program Service Revenue $0

Investment Income $13

Other Revenue $0

TOTAL REVENUE $114,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $33,333

Program Expenses $98,499

Other Expenses $131,832

TOTAL EXPENSES $131,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$114,862	$139,734	-0.2%
Expenses	$131,832	$72,360	+0.8%
Net Income	$-16,970	$67,374	-1.3%

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

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
MARK SMITH	PRESIDENT	N/A	Officer	$0	$0	$0
PAUL GOOD	VICE PRSIDEN	N/A	Officer	$0	$0	$0
EILEEN SMITH	SECRETARY	N/A	Officer	$0	$0	$0
PENNY SMITH	TREASURER	N/A	Officer	$0	$0	$0
MIKE RINEHEMER	TRUSTEE	N/A	Director	$0	$0	$0
SHAWN GOOD	TRUSTEE	N/A	Director	$0	$0	$0
PATRICK WARD	TRUSTEE	N/A	Director	$0	$0	$0
MARK SMITH	TRUSTEE	N/A	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
2024	$114,862	$131,832	$1,240,491	$-16,970
2023	$139,734	$72,360	$924,224	$67,374
2022	$138,782	$91,393	$856,850	$47,389
2021	$141,348	$99,393	$814,630	$41,955
2020	$73,675	$46,525	$804,680	$27,150
2019	$130,654	$114,769	$806,604	$15,885
2018	$140,401	$111,557	$819,438	$28,844

HOBBIE VOLUNTEER FIRE COMPANY 1