BOSWELL VOLUNTEER FIRE DEPARTMENT (EIN 251627623) - 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

1926

Legal Domicile

Principal Officer

ROBERT TURNER

Phone

8146299488

Tax Period

2024-01-01 to 2024-12-31

BOSWELL VOLUNTEER FIRE DEPARTMENT, founded in 1926, is a small nonprofit in the Public Safety sector that reported $106K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $93K left a modest 12% surplus.

Mission

FIRE PROTECTION

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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 $53,558

Program Service Revenue $5,163

Investment Income $3,669

Other Revenue $43,143

TOTAL REVENUE $105,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,872

Program Expenses $89,541

Other Expenses $91,438

TOTAL EXPENSES $93,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,533	$185,159	-0.4%
Expenses	$93,310	$132,353	-0.3%
Net Income	$12,223	$52,806	-0.8%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BARNICK	DIRECTOR	1.00	Director	$0	$0	$0
GARY FROMBACH	DIRECTOR	1.00	Director	$0	$0	$0
ADRIANNE REVAK	DIRECTOR	1.00	Director	$0	$0	$0
TYLER REVAK	EMS COMMANDE	2.00	Director	$0	$0	$0
MICHAEL SOPICH	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN ADAMS	FIN. SECRETA	2.00	Officer	$0	$0	$0
CHERREE PYLE	REC. SECRETA	4.00	Officer	$0	$0	$0
MICHAEL REVAK	VICE PRESIDE	2.00	Officer	$0	$0	$0
CHAD SNYDER	FIRE CHIEF	6.00	Officer	$0	$0	$0
RIKKI SNYDER	TREASURER	8.00	Officer	$0	$0	$0
ROBERT TURNER	PRESIDENT	2.00	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	$105,533	$93,310	$342,443	$12,223
2023	$185,159	$132,353	$330,220	$52,806
2022	$325,120	$371,907	$277,414	$-46,787
2021	$486,291	$485,708	$328,390	$583
2020	$477,289	$468,352	$346,681	$8,937
2019	$356,370	$378,709	$325,945	$-22,339
2018	$323,027	$360,638	$359,060	$-37,611

BOSWELL VOLUNTEER FIRE DEPARTMENT