SPRINGBORO VOLUNTEER FIRE DEPARTME… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1932

Legal Domicile

Principal Officer

KATIE SHERRETTS

Phone

8145873514

Tax Period

2024-01-01 to 2024-12-31

SPRINGBORO VOLUNTEER FIRE DEPARTMENT AND RELIEF ASSOCIATION, founded in 1932, is a small nonprofit in the Public Safety sector that reported $507K in total revenue in fiscal year 2024. Expenses of $698K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE PRESERVATION AND PROTECTION OF PROPERTY AND LIVES FROM FIRES IN THE SPRINGBORO AND SURROUNDING AREAS AND TO CREATE GOODWILL AND FELLOWSHIP AMONG ITS MEMBERS AND THE RESIDENTS OF SPRINGBORO AND SURROUNDING AREAS, AND TO ASSIST OTHER FIRE COMPANIES.

Program Service Accomplishments

Program 1

Expenses: $630,584

TO PROVIDE PRESERVATION AND PROTECTION OF PROPERTY AND LIVES FROM FIRES IN THE SPRINGBORO AND SURROUNDING AREA AND TO CREATE GOODWILL AND FELLOWSHIP AMONG IT'S MEMBERS, AND TO ASSIST OTHER FIRE...

TO PROVIDE PRESERVATION AND PROTECTION OF PROPERTY AND LIVES FROM FIRES IN THE SPRINGBORO AND SURROUNDING AREA AND TO CREATE GOODWILL AND FELLOWSHIP AMONG IT'S MEMBERS, AND TO ASSIST OTHER FIRE COMPANIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $66,908

Program Service Revenue $218,015

Investment Income $8,251

Other Revenue $213,405

TOTAL REVENUE $506,579

Expense Breakdown

Grants Paid $3,750

Salaries & Benefits $269,319

Fundraising Expenses $0

Program Expenses $630,584

Other Expenses $425,101

TOTAL EXPENSES $698,170

Year-over-Year Comparison

	2024	2023	Change
Revenue	$506,579	$506,017	+0.0%
Expenses	$698,170	$556,091	+0.3%
Net Income	$-191,591	$-50,074	+2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$18,512

Total Directors

$34,713

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD LAIRD	TRUSTEE	15.00	Director	$11,644	$0	$11,644
JENNA WALLS	VICE PRESIDE	2.00	Officer Director	$5,890	$0	$5,890
AUSTIN BATES	TRUSTEE	20.00	Director	$4,557	$0	$4,557
HELEN ALLEN	SECRETARY	20.00	Officer Director	$4,405	$0	$4,405
RONALD KASPER	TREASURER	10.00	Officer Director	$4,377	$0	$4,377
DAVID BATES	PRESIDENT	20.00	Officer Director	$3,840	$0	$3,840
LLOYD ALLEN	TRUSTEE	10.00	Director	$0	$0	$0
NOLAN HUMPHREYS	TRUSTEE	5.00	Director	$0	$0	$0
AMANDA KASPAR	TRUSTEE	10.00	Director	$0	$0	$0
KEITH SHAUBERGER	TRUSTEE	5.00	Director	$0	$0	$0
KATIE SHERRETTS	TREASURER	N/A	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	$506,579	$698,170	$993,781	$-191,591
2023	$506,017	$556,091	$1,218,386	$-50,074
2022	$513,981	$433,760	$1,287,718	$80,221
2021	$440,672	$367,483	$1,123,415	$73,189
2020	$394,808	$331,604	$1,040,544	$63,204
2019	$347,122	$340,059	$1,001,213	$7,063
2018	$409,693	$375,526	$1,065,269	$34,167

SPRINGBORO VOLUNTEER FIRE DEPARTMENT AND RELIEF ASSOCIATION