PLATEA VOLUNTEER FIRE COMPANY (EIN 256060318) - 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

1946

Legal Domicile

Principal Officer

STEVEN MICHAEL

Phone

8148814237

Tax Period

2024-01-01 to 2024-12-31

PLATEA VOLUNTEER FIRE COMPANY, founded in 1946, is a micro nonprofit in the Public Safety sector that reported $91K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $46K, a strong 51% operating margin.

Mission

TO PROVIDE VOLUNTEER FIRE AND AMBULANCE SERVICE

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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 $40,010

Program Service Revenue $0

Investment Income $49,496

Other Revenue $1,397

TOTAL REVENUE $90,903

Expense Breakdown

Grants Paid $309

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,378

Other Expenses $44,355

TOTAL EXPENSES $44,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,903	$96,016	-0.1%
Expenses	$44,664	$72,135	-0.4%
Net Income	$46,239	$23,881	+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
STEVEN MICHAEL	PRESIDENT	10.00	Officer	$0	$0	$0
KATRINA MICHAEL	TREASURER UNTIL JUNE	20.00	Officer	$0	$0	$0
BRIAN BORLAND	VICE PRESIDENT	10.00	Officer	$0	$0	$0
KRISTEN REINWALD	TREASURER AFTER JUNE	10.00	Officer	$0	$0	$0
ANTHONY TEED	SECRETARY	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
2024	$90,903	$44,664	$488,893	$46,239
2023	$96,016	$72,135	$372,647	$23,881
2022	$140,111	$72,662	$348,766	$67,449
2021	$104,969	$64,813	$281,317	$40,156
2020	$123,781	$55,460	$241,161	$68,321
2019	$77,933	$57,495	$172,840	$20,438
2018	$66,890	$49,587	$160,588	$17,303

PLATEA VOLUNTEER FIRE COMPANY