Honey Creek Department of Fire and Rescue Services Inc (EIN 237307439) - 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

Tom High

Phone

8122980548

Tax Period

2024-01-01 to 2024-12-31

Honey Creek Department of Fire and Rescue Services Inc, founded in 1973, is a community nonprofit in the Public Safety sector that reported $4.9M in total revenue in fiscal year 2024. Expenses of $4.7M left a modest 5% surplus.

Mission

Provide fire/rescue service in the Honey Creek Township and provide awareness and education concerning fire prevention and safety.

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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 $29,900

Program Service Revenue $2,996,436

Investment Income $1,881,263

Other Revenue $34,627

TOTAL REVENUE $4,942,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,300,102

Fundraising Expenses $0

Program Expenses $2,738,674

Other Expenses $2,394,271

TOTAL EXPENSES $4,694,373

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,942,226	$4,658,090	+0.1%
Expenses	$4,694,373	$5,099,252	-0.1%
Net Income	$247,853	$-441,162	-1.6%

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

N/A

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

$105,832

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bill Lutes	President	2.00	Officer Director	$0	$0	$0
Vonda Otey	Secretary	1.00	Officer Director	$0	$0	$0
Josh Hubbard	Vice President	1.00	Officer Director	$0	$0	$0
Dana Lindley	Director	1.00	Director	$0	$0	$0
Jonathan Wright	Director	1.00	Director	$0	$0	$0
Mike Gummerre	Past Director	1.00	Director	$0	$0	$0
Tina Dean	Treasurer	2.00	Officer Director	$0	$0	$0
Caleb Talpas	Director	1.00	Director	$0	$0	$0
Ted Lemke	Director	1.00	Director	$0	$0	$0
Eric Farver	Director	1.00	Director	$0	$0	$0
Tom High	Fire Chief	40.00	Officer	$90,555	$15,277	$105,832

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	$4,942,226	$4,694,373	$1,827,406	$247,853
2023	$4,658,090	$5,099,252	$1,579,553	$-441,162
2022	$3,113,366	$4,104,111	$2,020,715	$-990,745
2021	$2,456,584	$2,472,430	$3,011,460	$-15,846
2020	$2,606,180	$2,413,705	$3,027,306	$192,475
2019	$2,421,367	$2,201,022	$2,834,831	$220,345
2018	$2,270,122	$2,270,589	$2,614,486	$-467

Honey Creek Department of Fire and Rescue Services Inc