Lake of the Woods Volunteer Fire and Rescue Company Inc (EIN 237222171) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

Stephen McInnis

Phone

5409727510

Tax Period

2024-07-01 to 2025-06-30

Lake of the Woods Volunteer Fire and Rescue Company Inc, founded in 1971, is a small nonprofit in the Public Safety sector that reported $365K in total revenue in fiscal year 2017. Net assets of $2.1M represent 71 months of operating reserves.

Mission

Lake of the Woods Volunteer Fire and Rescue Company, Inc. provides fire and rescue services to the Lake of the Woods homes owners association and surrounding counties of Orange, Spotsylvania, and Culpeper.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $449,500

Program Service Revenue $0

Investment Income $38,995

Other Revenue $174,842

TOTAL REVENUE $663,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $474,542

Other Expenses $495,634

TOTAL EXPENSES $495,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$663,337	$519,309	+0.3%
Expenses	$495,634	$443,175	+0.1%
Net Income	$167,703	$76,134	+1.2%

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 Cornell	President	10.00	Director	$0	$0	$0
Chris Barrett	Vice President	10.00	Director	$0	$0	$0
Stephen McInnis	Treasurer	15.00	Director	$0	$0	$0
Bill Belt	Director	10.00	Director	$0	$0	$0
Dick Ferguson	Director	10.00	Director	$0	$0	$0
Russell Deane	Director	10.00	Director	$0	$0	$0
Mike Cianci	Fire Chief	10.00	Director	$0	$0	$0
Sandy Wilson	Resscue Chief	10.00	Director	$0	$0	$0
Don Rapp	Secretary	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
2025	$663,337	$495,634	$3,280,602	$167,703
2024	$519,309	$443,175	$3,074,908	$76,134
2023	$775,922	$355,640	$2,961,893	$420,282
2022	$395,943	$304,546	$2,643,597	$91,397
2021	$418,846	$160,983	$2,788,318	$257,863
2020	$413,572	$360,493	$2,683,885	$53,079
2019	$234,972	$228,092	$2,816,455	$6,880
2019	$508,526	$357,943	$2,750,905	$150,583
2018	$364,899	$364,281	$2,698,490	$618

Lake of the Woods Volunteer Fire and Rescue Company Inc