FREEDOM TOWNSHIP VOLUNTEER FIRE CO

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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

1955

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

FREEDOM TOWNSHIP VOLUNTEER FIRE CO, founded in 1955, is a small nonprofit in the Public Safety sector that reported $250K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $54K, a strong 22% operating margin.

Mission

TO PROVIDE FIRE PROTECTION, RESCUE ASSISTANCE AND RELIEF FROM EMERGENT DISASTERS

Program Service Accomplishments

Program 1

Expenses: $158,321

THE EXEMPT PURPOSE OF THE FIRE COMPANY INCLUDES BUT IS NOT LIMITED TO; INITIAL RESPONSE TO FIRES, ACCIDENTS AND EMERGENCIES. THE RESCUE OF VICTIMS IN VARIOUS SITUATIONS AND PROVIDE MEDICAL ASSESSMENT TO THE APPROPRIATE UNITS. OPERATION OF FIRE TRUCKS, ON-SCENE COMMUNICATIONS AND EMERGENCY SITES AND PERFORMING WATCH DUTIES OF INCOMING ALARMS AT THE FIRE HOUSE. SAFETY AND TRAINING FOR THE COMMUNITY ARE ALSO PROVIDED.

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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 $145,318

Program Service Revenue $0

Investment Income $13

Other Revenue $104,221

TOTAL REVENUE $249,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,321

Other Expenses $195,098

TOTAL EXPENSES $195,098

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,552	$299,637	-0.2%
Expenses	$195,098	$147,635	+0.3%
Net Income	$54,454	$152,002	-0.6%

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
MATTHEW MAY	PRESIDENT	10.00	Officer	$0	$0	$0
THOMAS MILLER	VICE PRESIDENT	10.00	Officer	$0	$0	$0
TIMOTHY JAMES	TREASURER	10.00	Officer	$0	$0	$0
NATHAN CALDWELL	FINANCIAL SECRETARY	25.00	Officer	$0	$0	$0
JAMES LANG	SECRETARY	10.00	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
2025	No data	No data	No data	No data
2024	$249,552	$195,098	$1,262,545	$54,454
2023	$299,637	$147,635	$1,113,182	$152,002
2022	$197,351	$148,842	$1,001,320	$48,509
2021	$135,975	$126,066	$971,563	$9,909
2020	$149,889	$121,080	$977,402	$28,809
2019	$159,851	$113,117	$824,845	$46,734
2018	$153,502	$118,399	$791,516	$35,103