HEMLOCK FARMS VOL FIRE & RESCUE COMPANY (EIN 237099014) - 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

1969

Legal Domicile

Principal Officer

DANIEL BOYLE

Phone

5707756447

Tax Period

2021-01-01 to 2021-12-31

HEMLOCK FARMS VOL FIRE & RESCUE COMPANY, founded in 1969, is a small nonprofit that reported $646K in total revenue in fiscal year 2021. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $615K left a modest 5% surplus.

Mission

THE COMPANY'S PRIMARY PURPOSE IS TO OPERATE A NON-PROFIT VOLUNTEER FIRE AND RESCUE COMPANY FOR PROTECTION OF LIFE AND PROPERTY FROM DAMAGE OR INJURY CAUSED BY FIRES,

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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 (2021)

Revenue Breakdown

Contributions & Grants $394,595

Program Service Revenue $228,241

Investment Income $2,356

Other Revenue $20,509

TOTAL REVENUE $645,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,393

Program Expenses $583,858

Other Expenses $612,039

TOTAL EXPENSES $615,432

Year-over-Year Comparison

	2021	2020	Change
Revenue	$645,701	$595,426	+0.1%
Expenses	$615,432	$415,084	+0.5%
Net Income	$30,269	$180,342	-0.8%

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
ROBERT PALUMBO	PRESIDENT	10.00	Officer	$0	$0	$0
PETE FERRIS	VICE PRESIDENT	10.00	Officer	$0	$0	$0
DANIEL BOYLE	TREASURER	30.00	Officer	$0	$0	$0
TERRI BENDER GREENWALD	SECRETARY	10.00	Officer	$0	$0	$0
JIM MASON	TRUSTEE	10.00	Director	$0	$0	$0
SCOTT KENNEDY	TRUSTEE	10.00	Director	$0	$0	$0
BRAD DOW	TRUSTEE	10.00	Director	$0	$0	$0
SCOTT FRIEDMAN	TRUSTEE	10.00	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	No data	No data	No data	No data
2022	No data	No data	No data	No data
2021	$645,701	$615,432	$1,853,893	$30,269
2020	$595,426	$415,084	$1,724,851	$180,342
2019	$444,200	$366,630	$1,545,878	$77,570
2018	$591,309	$566,584	$1,513,585	$24,725

HEMLOCK FARMS VOL FIRE & RESCUE COMPANY