MIDWAY 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

1931

Legal Domicile

Principal Officer

LEE FORSYTH

Phone

2157945612

Tax Period

2024-01-01 to 2024-12-31

MIDWAY VOLUNTEER FIRE CO, founded in 1931, is a small nonprofit in the Public Safety sector that reported $877K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $289K, a strong 33% operating margin.

Mission

FIRE PROTECTION SERVICES TO RESIDENCES AND BUSINESSES IN LAHASKA, SOLEBURY TWP., AND BUCKINGHAM TWP., PENNSYLVANIA.

Program Service Accomplishments

Program 1

Expenses: $483,201

PROVIDE FIRE PROTECTION SERVICES TO RESIDENCES AND BUSINESSES IN LAHASKA, SOLEBURY TWP., AND BUCKINGHAM TWP., PENNSYLVANIA.

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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 $770,229

Program Service Revenue $0

Investment Income $48,229

Other Revenue $58,186

TOTAL REVENUE $876,644

Expense Breakdown

Grants Paid $7,925

Salaries & Benefits $0

Fundraising Expenses $6,670

Program Expenses $483,201

Other Expenses $539,354

TOTAL EXPENSES $587,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$876,644	$504,189	+0.7%
Expenses	$587,559	$496,607	+0.2%
Net Income	$289,085	$7,582	+37.1%

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

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
LEE FORSYTH	PRESIDENT	5.00	Officer	$0	$0	$0
ELIZABETH RICE	VICE PRESIDE	5.00	Officer	$0	$0	$0
HERB HESS JR	TREASURER	5.00	Officer	$0	$0	$0
DOUG PEDERSON	SECRETARY	5.00	Officer	$0	$0	$0
PAUL HURST	FIN. SECRETA	5.00	Officer	$0	$0	$0
TERRY MCCREARY	HEAD TRUSTEE	5.00		$0	$0	$0
BILL CLARK	TRUSTEE	5.00		$0	$0	$0
STEVE TORI	TRUSTEE	5.00		$0	$0	$0
FRANK MICHITSCH	TRUSTEE	5.00		$0	$0	$0
MATT BOWMAN	TRUSTEE	5.00		$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	$876,644	$587,559	$3,439,355	$289,085
2023	$504,189	$496,607	$3,020,300	$7,582
2022	$628,862	$508,160	$2,869,534	$120,702
2021	$459,802	$455,289	$3,068,152	$4,513
2020	$467,626	$492,020	$2,925,654	$-24,394
2019	$458,433	$526,231	$2,833,091	$-67,798
2018	$795,751	$407,246	$2,591,796	$388,505