PROGRESS 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

1928

Legal Domicile

Principal Officer

BRIAN HOCKENBERRY

Phone

7175453031

Tax Period

2024-01-01 to 2024-12-31

PROGRESS FIRE COMPANY, founded in 1928, is a small nonprofit in the Public Safety sector that reported $375K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $840K represent 27 months of operating reserves.

Mission

RESPOND TO FIRES AND EMERGENCIES

Program Service Accomplishments

Program 1

Expenses: $304,275

RESPOND TO EMERGENCY SITUATIONS SUCH AS FIRE FIGHTING, FIRE RESCUE, EVACUATIONS, HAZARDOUS SPILLS, AND TO EDUCATE THE GENERAL PUBLIC ON SAFETY ISSUES.

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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 $362,266

Program Service Revenue $0

Investment Income $2,003

Other Revenue $10,341

TOTAL REVENUE $374,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $59,341

Program Expenses $304,275

Other Expenses $397,656

TOTAL EXPENSES $397,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$374,610	$329,027	+0.1%
Expenses	$397,656	$408,389	0.0%
Net Income	$-23,046	$-79,362	-0.7%

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
BRIAN HOCKENBERRY	CHAIRMAN	20.00	Officer Director	$0	$0	$0
GLENN MCCOY	TREASURER	20.00	Officer Director	$0	$0	$0
DAN POPLASKI	TREASURER	20.00	Officer Director	$0	$0	$0
BENJAMIN GEVERS	FINANCIAL SE	20.00	Officer Director	$0	$0	$0
DYLAN LANDUYT	RECORDING SE	20.00	Officer Director	$0	$0	$0
MICHAEL LAWRENCE	FIRE CHIEF	20.00	Director	$0	$0	$0
BENJAMIN WOLFORD	DEPUTY FIRE	20.00	Director	$0	$0	$0
JORDAN LINHART	ASSISTANT FI	20.00	Director	$0	$0	$0
RICHARD CRAY	TRUSTEE	10.00	Director	$0	$0	$0
ADAM HOCKENBERRY	TRUSTEE	10.00	Director	$0	$0	$0
FRED NEVIUS	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	$374,610	$397,656	$884,283	$-23,046
2023	$329,027	$408,389	$938,541	$-79,362
2022	$249,445	$484,236	$989,751	$-234,791
2021	$537,195	$237,920	$1,244,205	$299,275
2020	$197,529	$218,396	$950,714	$-20,867
2019	$318,363	$306,686	$898,616	$11,677
2018	$290,348	$314,752	$902,000	$-24,404