Germania Volunteer Hose Company (EIN 236297115) - 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

1902

Legal Domicile

Principal Officer

Gerald Korea

Phone

5704574160

Tax Period

2023-01-01 to 2023-12-31

Germania Volunteer Hose Company, founded in 1902, is a small nonprofit that reported $116K in total revenue in fiscal year 2023. Expenses of $104K left a modest 10% surplus.

Mission

VOLUNTEER FIREFIGHTING AND RESCUE SERVICES PROVIDED TO THE BOROUGH OF DURYEA AND SURROUNDING 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 $40,096

Program Service Revenue $0

Investment Income $2,504

Other Revenue $73,424

TOTAL REVENUE $116,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,890

Other Expenses $103,890

TOTAL EXPENSES $103,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,024	$110,898	+0.0%
Expenses	$103,890	$131,039	-0.2%
Net Income	$12,134	$-20,141	-1.6%

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
Gerald Korea	President	N/A	Officer	$0	$0	$0
James Steer	Vice President	N/A	Officer	$0	$0	$0
Joseph Korea	Treasurer	N/A	Officer	$0	$0	$0
Matthew Gromelski	Financial Secretary	N/A	Officer	$0	$0	$0
Eric Smith	Trustee	N/A	Director	$0	$0	$0
Joshua Meade	Trustee	N/A	Director	$0	$0	$0
Michael Shovlin	Trustee	N/A	Director	$0	$0	$0
Joseph Velehoski	Trustee	N/A	Director	$0	$0	$0
William Bradley	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	No data	No data	No data	No data
2023	$116,024	$103,890	$384,891	$12,134
2022	$110,898	$131,039	$413,173	$-20,141
2022	$110,898	$124,562	$413,173	$-13,664
2021	$144,028	$133,525	$470,774	$10,503
2020	$141,302	$166,535	$496,243	$-25,233
2019	$172,180	$249,389	$553,957	$-77,209
2018	$190,507	$176,254	$682,038	$14,253

Germania Volunteer Hose Company