LAKE CITY FIRE COMPANY

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

LAKE CITY, PA

Total Revenue
$514,912
Total Expenses
$223,955
Total Assets
$1,182,461
Net Assets
$1,172,422
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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
2024-10-01 to 2025-09-30

LAKE CITY FIRE COMPANY, founded in 1923, is a small nonprofit in the Public Safety sector that reported $515K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $291K, a strong 57% 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 2024-2025, volunteers logged 7,500 volunteer hours by responding to 414 emergency calls, attending numerous training sessions and providing support services to the community.

Program Service Accomplishments

Program 1
Expenses: $193,772

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...

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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 2023-24, volunteers logged 8,165 volunteer hours by responding to 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 (2024)

Revenue Breakdown

Contributions & Grants $443,423
Program Service Revenue $33,871
Investment Income $11,251
Other Revenue $26,367
TOTAL REVENUE $514,912

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $193,772
Other Expenses $223,955
TOTAL EXPENSES $223,955

Year-over-Year Comparison

2024 2023 Change
Revenue $514,912 $400,054 +0.3%
Expenses $223,955 $221,565 +0.0%
Net Income $290,957 $178,489 +0.6%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
46

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
Lucas Sauer 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
Alexa Meseros Trustee 15.00
Director
$0 $0 $0
Steve Knapp 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
2025 $514,912 $223,955 $1,182,461 $290,957
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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