ELKLAND BOROUGH VOLUNTEER FIRE DEPARTMENT INC (EIN 237394096) - 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

1966

Legal Domicile

Principal Officer

Alexis Taft

Phone

5707230140

Tax Period

2024-01-01 to 2024-12-31

ELKLAND BOROUGH VOLUNTEER FIRE DEPARTMENT INC, founded in 1966, is a small nonprofit in the Public Safety sector that reported $134K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $68K, a strong 51% operating margin.

Mission

Fire protection services

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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 $68,188

Program Service Revenue $0

Investment Income $1,505

Other Revenue $64,788

TOTAL REVENUE $134,481

Expense Breakdown

Grants Paid $8,700

Salaries & Benefits $550

Fundraising Expenses $0

Program Expenses $65,986

Other Expenses $56,736

TOTAL EXPENSES $65,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,481	$187,643	-0.3%
Expenses	$65,986	$68,039	0.0%
Net Income	$68,495	$119,604	-0.4%

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

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

$550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXIS TAFT	SECRETARY/TREASURER - FIREHALL;TREASURER - RELIEF	10.00	Officer	$525	$0	$525
BRIAN DAVENPORT	1ST CHIEF	5.00	Officer	$0	$0	$0
Melissa Potter	VICE PRESIDENT - RELIEF	5.00	Officer	$0	$0	$0
Mark Goodrich	CHIEF - FIREHALL; SECRETARY - RELIEF	10.00	Officer	$25	$0	$25
Emilie Taft	PRESIDENT - FIRE HALL	2.00	Officer	$0	$0	$0
Tony Swan	2ND CHIEF - FIREHALL; PRESIDENT - RELIEF	2.00	Officer	$0	$0	$0
Paul Button	3RD CHIEF	2.00	Officer	$0	$0	$0
TIM SWAN	VICE PRESIDENT - FIREHALL	2.00	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	$134,481	$65,986	$2,097,429	$68,495
2023	$187,643	$68,039	$2,048,495	$119,604
2022	$187,626	$68,580	$1,953,278	$119,046
2021	$189,755	$56,870	$1,795,612	$132,885
2020	$130,494	$65,835	$1,717,256	$64,659
2019	$118,904	$58,667	$1,618,572	$60,237

ELKLAND BOROUGH VOLUNTEER FIRE DEPARTMENT INC