LOWELL VOLUNTEER FIRE DEPT INC (EIN 237137889) - 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

1971

Legal Domicile

Principal Officer

MICHAEL HAM

Phone

2196966144

Tax Period

2023-01-01 to 2023-12-31

LOWELL VOLUNTEER FIRE DEPT INC, founded in 1971, is a small nonprofit that reported $948K in total revenue in fiscal year 2023. Revenue surged 150% from the prior year, signaling strong growth momentum. The organization ran a surplus of $419K, a strong 44% operating margin.

Mission

THE ORGANIZATION'S PURPOSE IS TO OPERATE EXCLUSIVELY AS A VOLUNTEER FIRE FIGHTING DEPARTMENT TO PROVIDE FIRE PROTECTION AND EMERGENCY RESPONSE SERVICES IN THE TOWN OF LOWELL 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 (2023)

Revenue Breakdown

Contributions & Grants $520,272

Program Service Revenue $350,904

Investment Income $35,029

Other Revenue $41,510

TOTAL REVENUE $947,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,856

Fundraising Expenses $0

Program Expenses $472,639

Other Expenses $364,952

TOTAL EXPENSES $528,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$947,715	$378,749	+1.5%
Expenses	$528,808	$363,817	+0.5%
Net Income	$418,907	$14,932	+27.1%

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

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

$36,298

Total Directors

$55,972

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER GAMBLIN	FIRE CHIEF	10.00	Officer Director	$6,127	$0	$6,127
CORY WIETBROCK	ASSISTANT CHIEF	10.00	Officer Director	$8,706	$0	$8,706
MICHAEL HAM	PRESIDENT	10.00	Officer Director	$4,762	$0	$4,762
JAKE CRULCICH	VICE PRESIDENT	10.00	Officer Director	$9,259	$0	$9,259
MATT HITZELBURGER	SECRETARY	10.00	Officer Director	$7,048	$0	$7,048
AUSTIN SCHREIBER	TRUSTEE	10.00	Director	$7,664	$0	$7,664
CRAIG MCMANIGAL	TRUSTEE	10.00	Director	$5,858	$0	$5,858
KYLE LASECKI	TRUSTEE	10.00	Director	$6,152	$0	$6,152
GEORGE MALAMATOS	TREASURER	10.00	Officer Director	$396	$0	$396

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
2023	$947,715	$528,808	$1,059,000	$418,907
2022	$378,749	$363,817	$575,189	$14,932
2021	$348,015	$427,657	$562,197	$-79,642
2020	$322,512	$311,662	$604,896	$10,850
2019	$344,892	$305,788	$605,768	$39,104
2018	$366,253	$352,071	$580,482	$14,182

LOWELL VOLUNTEER FIRE DEPT INC