HERMAN VOLUNTEER FIRE CO (EIN 256058531) - 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

1949

Legal Domicile

Phone

7242870836

Tax Period

2024-01-01 to 2024-12-31

HERMAN VOLUNTEER FIRE CO, founded in 1949, is a small nonprofit that reported $483K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $152K, a strong 32% operating margin.

Mission

PROVIDING FIRE FIGHTING AND RESCUE TO THE LOCAL COMMUNITY

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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 $77,790

Program Service Revenue $195,271

Investment Income $0

Other Revenue $210,228

TOTAL REVENUE $483,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,745

Fundraising Expenses $0

Program Expenses $329,271

Other Expenses $313,174

TOTAL EXPENSES $330,919

Year-over-Year Comparison

	2024	2023	Change
Revenue	$483,289	$390,144	+0.2%
Expenses	$330,919	$335,781	0.0%
Net Income	$152,370	$54,363	+1.8%

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

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
Larry Shuler	President	8.00	Officer Director	$0	$0	$0
Mike Barnes	Treasurer	16.00	Officer Director	$0	$0	$0
Tara Huntsman	Recording Sec.	16.00	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	$483,289	$330,919	$3,192,790	$152,370
2023	$390,144	$335,781	$2,733,848	$54,363
2023	$390,144	$335,781	$2,733,848	$54,363
2022	$258,261	$336,046	$2,768,262	$-77,785
2021	$245,788	$231,983	$2,325,479	$13,805
2020	$245,053	$231,330	$2,125,984	$13,723
2019	$221,476	$236,143	$1,967,925	$-14,667
2018	$224,511	$283,892	$1,823,751	$-59,381

HERMAN VOLUNTEER FIRE CO