CONNEAUT LAKE VOLUNTEER FIRE DEPT OF CONNEAUT LAKE AND SADSBURY TWP (EIN 251645313) - 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

1993

Legal Domicile

Principal Officer

ERIC BAUM

Phone

8143823005

Tax Period

2023-01-01 to 2023-12-31

CONNEAUT LAKE VOLUNTEER FIRE DEPT OF CONNEAUT LAKE AND SADSBURY TWP, founded in 1993, is a small nonprofit in the Public Safety sector that reported $369K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $343K left a modest 7% surplus.

Mission

FIRE DEPARTMENT

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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 $109,421

Program Service Revenue $0

Investment Income $3,500

Other Revenue $255,726

TOTAL REVENUE $368,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,364

Fundraising Expenses $0

Program Expenses $330,502

Other Expenses $339,605

TOTAL EXPENSES $342,969

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,647	$444,898	-0.2%
Expenses	$342,969	$308,504	+0.1%
Net Income	$25,678	$136,394	-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

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

Total Directors

$3,364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM LATTA	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC BAUM	TREASURER	1.00	Officer Director	$0	$0	$0
JIM MURPHY	VICE PRESIDENT	1.00	Director	$0	$0	$0
SHERRY HICKS	DIRECTOR	1.00	Director	$83	$0	$83
SKIP HOLT	DIRECTOR	1.00	Director	$0	$0	$0
FRANK JEWELL	DIRECTOR	1.00	Officer Director	$0	$0	$0
DEEDEE JEWELL	DIRECTOR	1.00	Director	$3,281	$0	$3,281
RENEE LEE	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN TREACY	FIRE CHIEF	1.00	Officer Director	$0	$0	$0
MATT LATTA	DIRECTOR	1.00	Director	$0	$0	$0
EDIE BAUM	DIRECTOR	1.00	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	$368,647	$342,969	$2,040,527	$25,678
2022	$444,898	$308,504	$2,074,535	$136,394
2021	$552,604	$254,406	$2,010,653	$298,198
2020	$217,735	$261,467	$1,940,570	$-43,732
2019	$472,436	$343,236	$1,839,474	$129,200

CONNEAUT LAKE VOLUNTEER FIRE DEPT OF CONNEAUT LAKE AND SADSBURY TWP