Fairmont-Hahntown Volunteer Fire D… - Form 990 Financial Data

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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

1943

Legal Domicile

Principal Officer

Dave Dubovsky

Phone

7248634258

Tax Period

2024-01-01 to 2024-12-31

Fairmont-Hahntown Volunteer Fire Dept, founded in 1943, is a small nonprofit in the Public Safety sector that reported $411K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $120K, a strong 29% operating margin.

Mission

Volunteer Firefighting

Program Service Accomplishments

Program 1

Expenses: $107,055 Revenue: $0

Purchase of fire equipment, programs, vehicles, & maintenance of vehicles and equipment for the protection of the community from fire and othe disasters.

Program 2

Expenses: $0 Revenue: $0

Note that 25 men donated 15 hours on an average each week to be propared to fight fires and handle other disasters. The value of the services is estimated at $292,000.

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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 $81,084

Program Service Revenue $0

Investment Income $3,623

Other Revenue $326,720

TOTAL REVENUE $411,427

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $99,833

Fundraising Expenses $0

Program Expenses $107,055

Other Expenses $190,258

TOTAL EXPENSES $291,591

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,427	$379,537	+0.1%
Expenses	$291,591	$298,589	0.0%
Net Income	$119,836	$80,948	+0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dave Dubovsky	President	15.00	Officer	$0	$0	$0
Jim Olwell	V.President	15.00	Officer	$0	$0	$0
Stacy Hines	Secretary	15.00	Officer	$0	$0	$0
Ashley Olwell	Treasurer	15.00	Officer	$0	$0	$0
Art Bilesimo	Trustee	15.00	Director	$0	$0	$0
Marcy Aubele	Financial Secretary	15.00	Officer	$0	$0	$0
Anthony Bilesimo	Trustee	15.00	Director	$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	$411,427	$291,591	$600,578	$119,836
2023	$379,537	$298,589	$544,570	$80,948
2022	$298,290	$258,865	$502,961	$39,425
2021	$332,540	$192,470	$463,065	$140,070
2020	$209,195	$172,876	$327,954	$36,319

Fairmont-Hahntown Volunteer Fire Dept