North Irwin Volunteer Fire Co (EIN 250904898) - 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

1939

Legal Domicile

Principal Officer

Michael Marrone

Phone

7248639889

Tax Period

2024-01-01 to 2024-12-31

North Irwin Volunteer Fire Co, founded in 1939, is a small nonprofit that reported $298K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $260K left a modest 13% surplus.

Mission

Fire protection and rescue; as well as attracting new volunteers. The social club extends goodwill to seniors, children and the needy throughout the community.

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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 $105,000

Program Service Revenue $0

Investment Income $5

Other Revenue $193,344

TOTAL REVENUE $298,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,592

Fundraising Expenses $324

Program Expenses $176,609

Other Expenses $190,147

TOTAL EXPENSES $259,739

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,349	$435,781	-0.3%
Expenses	$259,739	$407,842	-0.4%
Net Income	$38,610	$27,939	+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

$11,263

Total Directors

$4,274

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Marrone	President	10.00	Director	$0	$0	$0
Joseph Peters	Trustee	5.00	Director	$0	$0	$0
Michelle Schade	Trustee	5.00	Officer Director	$4,274	$0	$4,274
Tracy Ayres	Treasurer	20.00	Officer	$2,782	$0	$2,782
Chuck Schade	Trustee	5.00	Director	$0	$0	$0
Tracy Dolence	Trustee	5.00	Director	$0	$0	$0
Harry Dolence	Vice President	10.00	Director	$0	$0	$0
Shannon Schade	Secretary	10.00	Officer	$4,207	$0	$4,207

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	$298,349	$259,739	$593,375	$38,610
2023	$435,781	$407,842	$564,119	$27,939
2022	$337,508	$300,003	$591,951	$37,505
2021	$420,704	$329,743	$595,930	$90,961
2020	$122,823	$127,028	$435,030	$-4,205

North Irwin Volunteer Fire Co