PERSEVERANCE VOLUNTEER FIRE CO NO 1 (EIN 237000521) - 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

1901

Legal Domicile

Principal Officer

P MICHAEL COLL

Phone

2157234371

Tax Period

2024-01-01 to 2024-12-31

PERSEVERANCE VOLUNTEER FIRE CO NO 1, founded in 1901, is a small nonprofit in the Public Safety sector that reported $818K in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $405K, a strong 49% operating margin.

Mission

TO MAINTAIN FIRE CONTROL PROTECTION FOR THE RESIDENTS OF SOUDERTON 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 (2024)

Revenue Breakdown

Contributions & Grants $592,408

Program Service Revenue $0

Investment Income $136,198

Other Revenue $89,668

TOTAL REVENUE $818,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $16,992

Program Expenses $351,990

Other Expenses $408,771

TOTAL EXPENSES $413,593

Year-over-Year Comparison

	2024	2023	Change
Revenue	$818,274	$422,289	+0.9%
Expenses	$413,593	$342,524	+0.2%
Net Income	$404,681	$79,765	+4.1%

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
DAN BIROS	VICE-PRESIDENT	2.00	Officer	$0	$0	$0
ALBERT SERGIO JR	PRESIDENT	2.00	Officer	$0	$0	$0
AMANDA GEIGER	SECRETARY	2.00	Officer	$0	$0	$0
P MICHAEL COLL	TREASURER/FINANCIAL SECREATARY	5.00	Officer	$0	$0	$0
RICK ALBRIGHT	TRUSTEE	2.00	Officer	$0	$0	$0
MIKE DALTON	TRUSTEE	2.00	Officer	$0	$0	$0
ED TOY	TRUSTEE	2.00	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
2024	$818,274	$413,593	$3,760,323	$404,681
2023	$422,289	$342,524	$3,464,241	$79,765
2022	$417,049	$313,980	$3,349,748	$103,069
2021	$458,663	$298,553	$3,496,943	$160,110
2020	$364,868	$293,216	$3,125,926	$71,652
2019	$321,677	$314,827	$3,087,587	$6,850
2018	$323,046	$322,376	$3,059,459	$670

PERSEVERANCE VOLUNTEER FIRE CO NO 1