SILVER LAKE VOLUNTEER FIRE COMPANY… - Form 990 Financial Data

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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

KENNETH P LASS

Phone

6077545773

Tax Period

2023-01-01 to 2023-12-31

SILVER LAKE VOLUNTEER FIRE COMPANY INC, founded in 1950, is a small nonprofit that reported $231K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Net assets of $3.1M represent 162 months of operating reserves.

Mission

TO PROVIDE EMERGENCY SERVICES TO OUR SERVICE AREA SILVER LAKE AND CHOCONUT TOWNSHIPS TO PROVIDE TRAINING AND EQUIPENT TO PREFORM EMERGENCY SERVICES SAFELY AND EFFECTIVELY

Program Service Accomplishments

Program 1

Expenses: $234,214 Revenue: $80,708

PROVIDE FIRE AND AMBULANCE SERVICES TO THE RESIDENTS OF SILVER LAKE AND CHOCONUT TOWNSHIPS PA

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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 $50,220

Program Service Revenue $80,708

Investment Income $113

Other Revenue $99,463

TOTAL REVENUE $230,504

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $234,214

Other Expenses $232,441

TOTAL EXPENSES $235,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$230,504	$181,597	+0.3%
Expenses	$235,441	$155,218	+0.5%
Net Income	$-4,937	$26,379	-1.2%

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
JAMES KLEIN	PRESIDENT	010.00	Officer Director	$0	$0	$0
RONALD REAGAN	VICE PRESIDENT	005.00	Officer Director	$0	$0	$0
BETH KLEIN	SECRETARY	010.00	Officer Director	$0	$0	$0
KENNETH LASS	TREASURER	005.00	Officer 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	$230,504	$235,441	$3,103,214	$-4,937
2022	$181,597	$155,218	$3,108,151	$26,379
2021	$166,421	$356,436	$3,081,772	$-190,015
2020	$189,897	$158,195	$3,271,787	$31,702
2019	$195,781	$137,270	$3,240,085	$58,511
2018	$177,202	$136,820	$3,181,874	$40,382

SILVER LAKE VOLUNTEER FIRE COMPANY INC