HERMITAGE VOLUNTEER FIRE DEPARTMENT INC (EIN 251715417) - 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

1933

Legal Domicile

Principal Officer

LAWRENCE CLARK

Phone

7243420669

Tax Period

2023-01-01 to 2023-12-31

HERMITAGE VOLUNTEER FIRE DEPARTMENT INC, founded in 1933, is a small nonprofit that reported $329K in total revenue in fiscal year 2023. Net assets of $3.0M represent 111 months of operating reserves.

Mission

PROVIDE FIRE PROTECTION SERVICES

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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 $170,084

Program Service Revenue $0

Investment Income $159,150

Other Revenue $0

TOTAL REVENUE $329,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $323,833

Other Expenses $341,299

TOTAL EXPENSES $341,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$329,234	$315,460	+0.0%
Expenses	$341,299	$210,720	+0.6%
Net Income	$-12,065	$104,740	-1.1%

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

N/A

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
THOMAS ROLLINSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID VASCONI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS REDFOOT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WALT COWAN	SECRETARY	1.00	Officer Director	$0	$0	$0
LAWRENCE CLARK	TREASURER	1.00	Officer Director	$0	$0	$0
JON PASS	TRUSTEE	1.00	Director	$0	$0	$0
ADAM PRATHER	TRUSTEE	1.00	Director	$0	$0	$0
JAMES C REDA	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES MCKNIGHT	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN ERDESKY	TRUSTEE	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	$329,234	$341,299	$3,731,155	$-12,065
2022	$315,460	$210,720	$3,253,815	$104,740
2021	$254,014	$327,927	$3,450,553	$-73,913
2020	$289,621	$88,398	$4,651,856	$201,223

HERMITAGE VOLUNTEER FIRE DEPARTMENT INC