GREENWOOD VOLUNTEER FIRE COMPANY (EIN 251466387) - 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

1925

Legal Domicile

Principal Officer

DORSEY LONSINGER

Phone

8149439185

Tax Period

2024-01-01 to 2024-12-31

GREENWOOD VOLUNTEER FIRE COMPANY, founded in 1925, is a micro nonprofit in the Public Safety sector that reported $97K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $110K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDES FIRE RESCUE AND EMS TO THE AREAS OF GREENWOOD BELLMEADE AND ALL OF NORTHEAST LOGAN 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 (2024)

Revenue Breakdown

Contributions & Grants $54,559

Program Service Revenue $205

Investment Income $0

Other Revenue $41,762

TOTAL REVENUE $96,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,341

Other Expenses $109,502

TOTAL EXPENSES $109,502

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,526	$169,372	-0.4%
Expenses	$109,502	$130,062	-0.2%
Net Income	$-12,976	$39,310	-1.3%

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
SCOTT SWEENY	TRUSTEE	1.00	Director	$0	$0	$0
MARK SALISBURY	TRUSTEE	1.00	Director	$0	$0	$0
MARK RISPOLI	FIRE CHIEF	1.00	Director	$0	$0	$0
NATE GERMANN	TRUSTEE	1.00	Director	$0	$0	$0
BRAD BRENNAMAN	PRESIDENT	1.00	Officer	$0	$0	$0
CARL DESTEFANO	VICE PRESIDENT	1.00	Officer	$0	$0	$0
SCOTT GRACE	RECORDING SECRETARY	1.00	Officer	$0	$0	$0
DORSEY LONSINGER	TREASURER	1.00	Officer	$0	$0	$0
MIKE LOCKARD	FINANCIAL SECRETARY	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
2024	$96,526	$109,502	$344,955	$-12,976
2023	$169,372	$130,062	$348,865	$39,310
2022	$102,424	$125,513	$300,492	$-23,089
2021	$68,707	$71,726	$342,522	$-3,019
2020	$128,905	$94,174	$345,541	$34,731
2019	$90,851	$102,096	$310,810	$-11,245
2018	$94,407	$103,237	$322,055	$-8,830

GREENWOOD VOLUNTEER FIRE COMPANY