HEREFORD VOLUNTEER FIRE COMPANY INC (EIN 237271965) - 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

1973

Legal Domicile

Principal Officer

WILLIAM KRIMMEL

Phone

2156794770

Tax Period

2024-01-01 to 2024-12-31

HEREFORD VOLUNTEER FIRE COMPANY INC, founded in 1973, is a small nonprofit in the Health Care sector that reported $155K in total revenue in fiscal year 2024. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 16% operating margin.

Mission

VOLUNTEER FIRE FIGHTING

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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 $74,371

Program Service Revenue $0

Investment Income $2,938

Other Revenue $77,614

TOTAL REVENUE $154,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,343

Program Expenses $120,919

Other Expenses $128,425

TOTAL EXPENSES $129,574

Year-over-Year Comparison

	2024	2023	Change
Revenue	$154,923	$66,907	+1.3%
Expenses	$129,574	$69,411	+0.9%
Net Income	$25,349	$-2,504	-11.1%

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

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
BRET MARKS	ASSISTANT TREASURER/TRUSTEE	20.00	Director	$0	$0	$0
DEAN MARKS	VICE PRESIDENT	5.00	Director	$0	$0	$0
JOSH BOROWSKI	CHIEF	20.00	Director	$0	$0	$0
TODD SIVCO SR	TRUSTEE	5.00	Director	$0	$0	$0
DEAN MARKS	DEPUTY CHIEF	5.00	Director	$0	$0	$0
MATTHEW LORISH	LIEUTENANT	5.00	Director	$0	$0	$0
BLAKE SIVCO	ASSISTANT CHIEF/TRUSTEE	5.00	Director	$0	$0	$0
WILLIAM KRIMMEL	PRESIDENT	15.00	Officer	$0	$0	$0
MATTHEW GEHMAN	CAPTAIN	5.00	Officer	$0	$0	$0
DUANE BORTZ	FINANCIAL SECRETARY	10.00	Officer	$0	$0	$0
JEFFREY HOFFMAN	RECORDING SECRETARY	10.00	Officer	$0	$0	$0
CARL FREI	TREASURER	5.00	Officer	$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	$154,923	$129,574	$564,089	$25,349
2023	$66,907	$69,411	$555,521	$-2,504
2022	$123,558	$160,486	$585,726	$-36,928
2021	$129,164	$163,048	$648,613	$-33,884
2020	$135,519	$158,002	$722,011	$-22,483
2019	$145,211	$167,719	$756,450	$-22,508
2018	$115,444	$138,615	$608,145	$-23,171

HEREFORD VOLUNTEER FIRE COMPANY INC