LAKE CITY FIRE COMPANY

EIN: 251566334 501(c)(3) Public Safety

LAKE CITY, PA

Total Revenue
$400,054
Total Expenses
$221,565
Total Assets
$1,076,372
Net Assets
$1,074,640
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
PA
Principal Officer
Brian Mesaros
Phone
8147744402
Tax Period
2023-10-01 to 2024-09-30

LAKE CITY FIRE COMPANY, founded in 1923, is a small nonprofit in the Public Safety sector that reported $400K in total revenue in fiscal year 2023. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 45% operating margin.

Mission

The mission of the Lake City Fire Company is to protect the lives and property of the citizens and visitors of the Lake City Community by providing the highest possible levels of service through fire prevention, public education, fire suppression, emergency medical services, rescue operations, and mitigation of the effects of natural and man-made disasters. The company is 100% volunteer. During fiscal year 2019-2020, volunteers logged 9,672 volunteer hours by responding to 520 emergency calls, attending numerous training sessions and providing support services to 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $353,273
Program Service Revenue $2,212
Investment Income $8,850
Other Revenue $35,719
TOTAL REVENUE $400,054

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $2,643
Program Expenses $190,709
Other Expenses $221,565
TOTAL EXPENSES $221,565

Year-over-Year Comparison

2023 2022 Change
Revenue $400,054 $164,671 +1.4%
Expenses $221,565 $196,027 +0.1%
Net Income $178,489 $-31,356 -6.7%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
42

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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tim Olesanik President 15.00
Director
$0 $0 $0
Matt Kremer Trustee 10.00
Director
$0 $0 $0
Thomas Hosack Fire Chief 25.00
Director
$0 $0 $0
Marcia Mesaros Secretary 15.00
Director
$0 $0 $0
Chris Cashdollar Assistant Chief 15.00
Director
$0 $0 $0
Eric Gray Trustee 15.00
Director
$0 $0 $0
Jim Gross Assistant Chief 15.00
Director
$0 $0 $0
Dave Isles Trustee 15.00
Director
$0 $0 $0
Lindsay Weidler Vice President 15.00
Director
$0 $0 $0
Greg Summerson Assistant Chief 10.00
Officer
$0 $0 $0
Brian Mesaros Treasurer 10.00
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 $400,054 $221,565 $1,076,372 $178,489
2023 $164,671 $196,027 $899,495 $-31,356
2022 $284,509 $237,486 $930,335 $47,023
2021 $203,481 $221,357 $882,135 $-17,876
2020 $174,544 $244,817 $900,375 $-70,273
2019 $408,169 $345,746 $1,000,798 $62,423
2018 $176,272 $276,316 $933,251 $-100,044
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