Oakland 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

1950

Legal Domicile

Principal Officer

Thomas Carstensen

Phone

8142665600

Tax Period

2023-01-01 to 2023-12-31

Oakland Volunteer Fire Company, founded in 1950, is a small nonprofit in the Public Safety sector that reported $183K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $87K, a strong 48% operating margin.

Mission

To extinguish structure and other fires;accident and other rescue; miscellaneous community activities to raise funds and foster community involvement:maintain Memorial Park in honor of Veterans

Program Service Accomplishments

Program 1

Expenses: $7,653 Revenue: $9,168

maintain and purchase new equipment and supplies to enable fire fighters to extingish structural fires

Program 2

Expenses: $0 Revenue: $0

maintain the park in honor of Veterans

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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 $54,924

Program Service Revenue $0

Investment Income $6,192

Other Revenue $122,008

TOTAL REVENUE $183,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,653

Other Expenses $95,748

TOTAL EXPENSES $95,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$183,124	$226,164	-0.2%
Expenses	$95,748	$119,890	-0.2%
Net Income	$87,376	$106,274	-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
David Thomas	President	10.00	Officer	$0	$0	$0
Charlene Lease	Vice President	5.00	Officer	$0	$0	$0
Josh Buchanan	Secretary	5.00	Officer	$0	$0	$0
Cara Sweeney	Asst Secretary	5.00	Officer	$0	$0	$0
Thomas Carstensen	Treasurer	15.00	Officer	$0	$0	$0
Bret Chilcote	Asst Treasurer	10.00	Officer	$0	$0	$0
David Ream	Fire Chief	10.00	Officer	$0	$0	$0
Steven Bendick	Deputy Fire Chief	10.00	Officer	$0	$0	$0
Josh Buchanan	Asst Fire Chief	10.00	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
2023	$183,124	$95,748	No data	$87,376
2022	$226,164	$119,890	No data	$106,274
2021	$116,945	$88,852	No data	$28,093
2020	$137,908	$98,862	No data	$39,046
2019	$110,206	$83,888	No data	$26,318
2018	$124,442	$54,550	No data	$69,892