LAKEMONT VOLUNTEER FIRE COMPANY (EIN 251450628) - 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

1913

Legal Domicile

Principal Officer

DAVE NOONAN

Phone

8149445846

Tax Period

2024-01-01 to 2024-12-31

LAKEMONT VOLUNTEER FIRE COMPANY, founded in 1913, is a small nonprofit in the Public Safety sector that reported $189K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $278K exceeded revenue, resulting in a 47% operating deficit.

Mission

PERFORM VOLUNTEER FIRE FIGHTING AND RESCUE SERVICES AS WELL AS FIRE PREVENTION EDUCATION.

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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 $91,072

Program Service Revenue $0

Investment Income $31,600

Other Revenue $66,553

TOTAL REVENUE $189,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $262,513

Other Expenses $278,431

TOTAL EXPENSES $278,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,225	$216,470	-0.1%
Expenses	$278,431	$220,197	+0.3%
Net Income	$-89,206	$-3,727	+22.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL YON	TRUSTEE	1.00	Director	$0	$0	$0
DAVID LYNCH	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA LYNCH	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS SRAL	TRUSTEE	1.00	Director	$0	$0	$0
IAN YON	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL S YON	FIRE CHIEF	1.00	Director	$0	$0	$0
ROBERT S BARD	DEPUTY	1.00	Director	$0	$0	$0
DAVID J LYNCH	ASST CHIEF	1.00	Director	$0	$0	$0
MICHAEL ANDERSON	ASST CHIEF	1.00	Director	$0	$0	$0
BRYAN BARTLEY	CAPTAIN	1.00	Director	$0	$0	$0
CHARLES J NOLAN	LIEUTENANT	1.00	Director	$0	$0	$0
MARVIN ANDERSON	PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL ANDERSON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
LISA K BOOKHAMMER	SECRETARY	1.00	Officer	$0	$0	$0
AMANDA LYNCH	ASST SECRETARY	1.00	Officer	$0	$0	$0
DAVE NOONAN	TREASURER	1.00	Officer	$0	$0	$0
CARL LONG	ASST TREASURER	1.00	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
2025	No data	No data	No data	No data
2024	$189,225	$278,431	$1,448,738	$-89,206
2023	$216,470	$220,197	$1,413,695	$-3,727
2022	$207,214	$185,672	$1,400,060	$21,542
2021	$161,130	$182,742	$1,522,504	$-21,612
2020	$153,314	$169,573	$1,558,091	$-16,259

LAKEMONT VOLUNTEER FIRE COMPANY