SUMMIT TOWNSHIP VOLUNTEER FIRE DEPARTMENT INC (EIN 251465899) - 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

1949

Legal Domicile

Principal Officer

PETER ALBAUGH

Phone

8143821300

Tax Period

2023-01-01 to 2023-12-31

SUMMIT TOWNSHIP VOLUNTEER FIRE DEPARTMENT INC, founded in 1949, is a small nonprofit in the Public Safety sector that reported $168K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $253K exceeded revenue, resulting in a 51% operating deficit.

Mission

FIRE PROTECTION AND AMBULANCE SERVICE FOR SUMMIT TOWNSHIP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,955

Program Service Revenue $6,209

Investment Income $4,156

Other Revenue $137,803

TOTAL REVENUE $168,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,695

Fundraising Expenses $19,446

Program Expenses $145,007

Other Expenses $240,522

TOTAL EXPENSES $253,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,123	$289,691	-0.4%
Expenses	$253,217	$292,561	-0.1%
Net Income	$-85,094	$-2,870	+28.6%

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

$9,630

Total Directors

$9,630

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER ALBAUGH	PRESIDENT	10.00	Officer Director	$0	$0	$0
RICK DANIELS	VICE-PRESIDENT	10.00	Officer Director	$0	$0	$0
JESSICA AGNEW	SECRETARY	10.00	Officer Director	$0	$0	$0
BONNIE LANTZ	FINANCIAL SEC/TRESURER	10.00	Officer Director	$9,630	$0	$9,630
JOHN MCGLYNN	DIRECTOR	10.00	Director	$0	$0	$0
TRAVIS SAULSBERRY	DIRECTOR	10.00	Director	$0	$0	$0
ZACK KOVAC	FIRE CHIEF	10.00	Officer Director	$0	$0	$0
JAMES PETERSON	AMBULANCE CHIEF	10.00	Officer Director	$0	$0	$0
DANNY O'MEARA	DIRECTOR	10.00	Director	$0	$0	$0
ZACK WADE	DIRECTOR	10.00	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	No data	No data	No data	No data
2023	$168,123	$253,217	$996,577	$-85,094
2022	$289,691	$292,561	$1,032,543	$-2,870
2021	$379,159	$206,863	$1,069,785	$172,296
2020	$314,559	$194,806	$1,025,071	$119,753
2019	$315,381	$231,986	$858,067	$83,395
2018	$130,867	$180,060	$1,161,863	$-49,193

SUMMIT TOWNSHIP VOLUNTEER FIRE DEPARTMENT INC