PROVIDENCE VOLUNTEER FIRE COMPANY INC (EIN 237042221) - 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

1947

Legal Domicile

Principal Officer

JEFF MIMS

Phone

4108289029

Tax Period

2024-01-01 to 2024-12-31

PROVIDENCE VOLUNTEER FIRE COMPANY INC, founded in 1947, is a small nonprofit in the Public Safety sector that reported $529K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $143K, a strong 27% operating margin.

Mission

PROVIDE FIRE SUPPRESSION, RESCUE, AND EMERGENCY MEDICAL SERVICES TO LOCAL COMMUNITIES IN TOWSON, MARYLAND AND SURROUNDING AREAS.

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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 $483,768

Program Service Revenue $0

Investment Income $45,598

Other Revenue $20

TOTAL REVENUE $529,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13,632

Program Expenses $359,452

Other Expenses $386,335

TOTAL EXPENSES $386,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$529,386	$457,772	+0.2%
Expenses	$386,335	$446,817	-0.1%
Net Income	$143,051	$10,955	+12.1%

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
TOM RICE	CAPTAIN	0.00	Director	$0	$0	$0
DUSTIN SPARKS	DIRECTOR	0.00	Director	$0	$0	$0
MARY ANNE CARROLL	DIRECTOR	0.00	Director	$0	$0	$0
LEONARD MANZ	DIRECTOR	0.00	Director	$0	$0	$0
STEVE GLENN	DIRECTOR	0.00	Director	$0	$0	$0
JEFFREY MIMS	PRESIDENT	5.00	Officer	$0	$0	$0
MATT HERWECK	VICE PRESIDENT	1.00	Officer	$0	$0	$0
PATRICK KAMMAR	VP OF ADMINISTRATION	1.00	Officer	$0	$0	$0
JAMES CUTRONE	TREASURER	5.00	Officer	$0	$0	$0
RUSTY COULBOURNE	SECRETARY	1.00	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	$529,386	$386,335	$2,880,030	$143,051
2023	$457,772	$446,817	$2,809,978	$10,955
2022	$486,448	$407,309	$2,812,902	$79,139
2021	$385,480	$356,594	$2,942,966	$28,886
2020	$398,456	$377,528	$2,963,788	$20,928
2019	$356,706	$327,801	$2,968,501	$28,905
2018	$536,861	$308,938	$2,936,444	$227,923

PROVIDENCE VOLUNTEER FIRE COMPANY INC