MIDWAY VOLUNTEER FIREMEN'S RELIEF ASSOCIATION (EIN 251885849) - 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

1932

Legal Domicile

Principal Officer

WILLIAM ROWE

Phone

2155381371

Tax Period

2023-01-01 to 2023-12-31

MIDWAY VOLUNTEER FIREMEN'S RELIEF ASSOCIATION, founded in 1932, is a small nonprofit in the Mutual Benefit sector that reported $219K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $59K, a strong 27% operating margin.

Mission

SUPPORT THE ACTIVITIES OF THE MIDWAY VOLUNTEER FIRE CO., BY PURCHASING SAFETY EQUIPMENT, PROVIDING TRAINING, HEALTH MONITORING, AND PHYSICAL FITNESS PROGRAMS.

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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 $183,111

Program Service Revenue $0

Investment Income $35,115

Other Revenue $1,000

TOTAL REVENUE $219,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,803

Other Expenses $159,965

TOTAL EXPENSES $159,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,226	$545,490	-0.6%
Expenses	$159,965	$112,401	+0.4%
Net Income	$59,261	$433,089	-0.9%

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
MATT BOWMAN	DIRECTOR	5.00	Director	$0	$0	$0
GARY COSNER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
HUGH HAGER	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVE HATHAWAY	TREASURER	5.00	Officer Director	$0	$0	$0
LUCAS ROSENTHAL	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM ROWE	PRESIDENT	5.00	Officer Director	$0	$0	$0
STEVE TORI	DIRECTOR	5.00	Director	$0	$0	$0
GARRED RANKIN WAHLERS	DIRECTOR	5.00	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	$219,226	$159,965	$1,557,104	$59,261
2022	$545,490	$112,401	$1,446,664	$433,089
2021	$274,724	$322,222	$1,369,798	$-47,498
2020	$210,136	$209,759	$1,007,547	$377
2019	$215,711	$253,329	$1,007,170	$-37,618
2018	$224,063	$393,866	$1,044,788	$-169,803

MIDWAY VOLUNTEER FIREMEN'S RELIEF ASSOCIATION