COVER HILL VOLUNTEER FIRE COMPANY

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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

1924

Legal Domicile

Principal Officer

RICHARD TOROK SR

Phone

8145393473

Tax Period

2023-01-01 to 2023-12-31

COVER HILL VOLUNTEER FIRE COMPANY, founded in 1924, is a small nonprofit in the Public Safety sector that reported $180K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $104K, a strong 57% operating margin.

Mission

THE PURPOSE OF THE COMPANY SHALL BE FOR THE PRESERVATION AND PROTECTION OF LIFE AND PROPERTY AS A RESULT OF, FROM AND DURING FIRE, COMMUNITY EMERGENCIES, DEPLOYEMNTS OR DISASTERS AS MAY OCCUR IN CONEMAUGH TOWNSHIP

Program Service Accomplishments

Program 1

Expenses: $73,011 Revenue: $15,372

TO PREVENT FIRES, EXTINGUISH FIRES AND TAKE COMMAND OR ASSIST IN HANDLING ANY EMERGENCY THAT OCCURS IN CONEMAUGH TOWHSHIP OR SURROUNDING AREAS.

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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 $148,844

Program Service Revenue $0

Investment Income $1,919

Other Revenue $29,573

TOTAL REVENUE $180,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,011

Other Expenses $76,584

TOTAL EXPENSES $76,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,336	$133,303	+0.4%
Expenses	$76,644	$49,026	+0.6%
Net Income	$103,692	$84,277	+0.2%

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

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
WILLIAM SCHERER	PRESIDENT	20.00	Officer	$0	$0	$0
THOMAS HORNER	VICE PRESIDENT/TRUSTEE	10.00	Officer Director	$0	$0	$0
GINA SCHELLHAMMER	RECORDING SECRETARY	10.00	Officer Director	$0	$0	$0
MICHAEL SCHERER	FINANCIAL SECRETARY/TRUSTEE	10.00	Officer	$0	$0	$0
DAVID W SCHELLHAMMER	TREASURER/TRUSTEE	20.00	Officer Director	$0	$0	$0
SUZANNE DONALD	TRUSTEE	10.00	Director	$0	$0	$0
SHAUN SCHELLHAMMER	TRUSTEE	20.00	Director	$0	$0	$0
CYNTHIA SCHELLHAMMER	TRUSTEE	10.00	Director	$0	$0	$0
RICHARD F TOROK JR	TRUSTEE	10.00	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	$180,336	$76,644	$2,072,567	$103,692
2022	$133,303	$49,026	$1,996,257	$84,277
2021	$579	$40,135	$1,766,076	$-39,556
2020	$73,275	$34,676	$1,778,801	$38,599
2019	$64,000	$34,168	$1,770,982	$29,832
2018	$68,993	$30,721	$1,747,795	$38,272