Lake Shore Fire Department (EIN 251778443) - 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

Principal Officer

Sara O'Brien

Phone

8148336508

Tax Period

2023-01-01 to 2023-12-31

Lake Shore Fire Department is a small nonprofit in the Philanthropy & Grantmaking sector that reported $556K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 18% operating margin.

Mission

Lake Shore Fire Dept. is an all-volunteer fire department that was established over 70 years ago to provide emergency services to the area residents and businesses. We operate 24 hours a day, 7 days a week, 365 days a year to provide the best in Fire, Medical, and Rescue services to our district and to surrounding departments as requested. The department has an active roster of about 25 members and several associate members. Lake Shore Fire Dept. is dispatched for approximately 850 emergency incidents a year.

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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 $463,692

Program Service Revenue $101,074

Investment Income $2,582

Other Revenue $-11,206

TOTAL REVENUE $556,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,427

Program Expenses $417,646

Other Expenses $457,642

TOTAL EXPENSES $457,642

Year-over-Year Comparison

	2023	2022	Change
Revenue	$556,142	$410,538	+0.4%
Expenses	$457,642	$463,951	0.0%
Net Income	$98,500	$-53,413	-2.8%

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

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
Thomas Kremer	Director	2.00	Director	$0	$0	$0
Sara O'Brien	President	2.00	Officer Director	$0	$0	$0
Cameron Manchester	Secretary	2.00	Officer Director	$0	$0	$0
Sue Kremer	Director	2.00	Director	$0	$0	$0
Brian Salvatore	Director	2.00	Director	$0	$0	$0
Alyssa Salvatore	Director	2.00	Director	$0	$0	$0
Phil Susann	Director	2.00	Director	$0	$0	$0
Cameron Schick	Director	2.00	Director	$0	$0	$0
Brian LaRiccia	Director	2.00	Director	$0	$0	$0
Robert Burt	Vice President	5.00	Officer Director	$0	$0	$0
Jessica Kremer	Financial Sec	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	No data	No data	No data	No data
2023	$556,142	$457,642	$1,292,158	$98,500
2022	$410,538	$463,951	$1,281,941	$-53,413
2021	$326,328	$427,957	$1,443,417	$-101,629
2020	$401,507	$358,514	$1,665,824	$42,993
2019	$326,486	$348,099	$1,254,138	$-21,613
2018	$353,773	$373,174	$1,338,076	$-19,401

Lake Shore Fire Department