CORSICA VOLUNTEER FIRE COMPANY (EIN 256049862) - 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

2002

Legal Domicile

Principal Officer

BRIAN THOMPSON

Phone

8142279386

Tax Period

2024-01-01 to 2024-12-31

CORSICA VOLUNTEER FIRE COMPANY, founded in 2002, is a small nonprofit in the Public Safety sector that reported $206K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $103K, a strong 50% operating margin.

Mission

THE FIRE DEPARTMENT'S MISSION IS TO PREVENT THE LOSS OF LIFE AND PROPERTY.

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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 $69,407

Program Service Revenue $11,235

Investment Income $13,017

Other Revenue $112,276

TOTAL REVENUE $205,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,447

Program Expenses $100,835

Other Expenses $102,746

TOTAL EXPENSES $102,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,935	$373,452	-0.4%
Expenses	$102,746	$124,440	-0.2%
Net Income	$103,189	$249,012	-0.6%

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
CORRY BISH	FIRE CHIEF	5.00	Director	$0	$0	$0
MIKE CLARK	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY KEMMER	SECRETARY	2.00	Officer Director	$0	$0	$0
KYLE SHARRAR	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TYLER SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
KAIBEN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MISSE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
PEG STROHM	TREASURER	2.00	Officer Director	$0	$0	$0
BRIAN THOMPSON	PRESIDENT	2.00	Officer 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	$205,935	$102,746	$476,820	$103,189
2023	$373,452	$124,440	$373,631	$249,012
2022	$94,229	$44,334	$124,619	$49,895
2021	$195,113	$220,965	$74,724	$-25,852

CORSICA VOLUNTEER FIRE COMPANY