Ludwigs Corner Fire Company No 1 (EIN 237210814) - 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

1955

Legal Domicile

Principal Officer

PAUL MATTES

Phone

6104582562

Tax Period

2024-01-01 to 2024-12-31

Ludwigs Corner Fire Company No 1, founded in 1955, is a small nonprofit in the Public Safety sector that reported $806K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $523K, a strong 65% operating margin.

Mission

VOLUNTEER FIRE COMPANY

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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 $374,075

Program Service Revenue $210

Investment Income $355,292

Other Revenue $76,550

TOTAL REVENUE $806,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $283,317

Other Expenses $283,317

TOTAL EXPENSES $283,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$806,127	$869,620	-0.1%
Expenses	$283,317	$408,398	-0.3%
Net Income	$522,810	$461,222	+0.1%

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

113

Independent Members

113

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
FRNK GUNSON	PRESIDENT	10.00	Officer Director	$0	$0	$0
JEFF BENACH	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JANE R CLARKE	SECRETARY	15.00	Officer Director	$0	$0	$0
CHERYL FREESE	TREASURER	20.00	Director	$0	$0	$0
AMANDA KEESEY	FINANCIAL SECRETARY	10.00	Director	$0	$0	$0
HEATHER SENN	MEMBERSHIP	10.00	Director	$0	$0	$0
GARY HOLOWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN ZMUIDA	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA FREESE	BOARD MEMBER	1.00	Director	$0	$0	$0
HAROLD TREGO	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN FREESE	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG SODEN	BOARD MEMBER	1.00	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	$806,127	$283,317	$7,593,100	$522,810
2023	$869,620	$408,398	$6,991,100	$461,222
2022	$689,496	$288,237	$6,010,905	$401,259
2021	$569,522	$272,771	$6,556,122	$296,751
2020	$314,454	$197,333	$6,133,255	$117,121
2018	$273,534	$152,769	$5,233,751	$120,765
2017	$564,047	$258,344	$4,913,781	$305,703

Ludwigs Corner Fire Company No 1