Hanover Volunteer Fire Department Inc (EIN 256061312) - 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

1962

Legal Domicile

Principal Officer

Brenda A Latshaw

Phone

7247293929

Tax Period

2023-01-01 to 2023-12-31

Hanover Volunteer Fire Department Inc, founded in 1962, is a small nonprofit that reported $191K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $177K left a modest 7% surplus.

Mission

To provide fire protection for Hanover Township, PA.

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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 $152,075

Program Service Revenue $78

Investment Income $59

Other Revenue $38,749

TOTAL REVENUE $190,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,095

Program Expenses $171,895

Other Expenses $177,388

TOTAL EXPENSES $177,388

Year-over-Year Comparison

	2023	2022	Change
Revenue	$190,961	$323,218	-0.4%
Expenses	$177,388	$167,584	+0.1%
Net Income	$13,573	$155,634	-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
Joe Livada	President	8.00	Officer Director	$0	$0	$0
Mike Anderson	Vice-President	8.00	Officer Director	$0	$0	$0
Brenda Latshaw	Treasurer	8.00	Officer Director	$0	$0	$0
Rosanna Ham	Recording Secretary	8.00	Officer Director	$0	$0	$0
Janice Radford	Financial Secretary	8.00	Officer Director	$0	$0	$0
Pete Error	Trustee	8.00	Director	$0	$0	$0
Jim Freeland	Trustee	8.00	Director	$0	$0	$0
Glenn Latshaw	Trustee	8.00	Director	$0	$0	$0
Gary Ward	Trustee	8.00	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	$190,961	$177,388	$552,596	$13,573
2022	$323,218	$167,584	$539,023	$155,634
2021	$134,191	$122,324	$383,389	$11,867
2020	$74,843	$139,786	$371,522	$-64,943
2019	$196,251	$159,963	$436,465	$36,288
2018	$154,979	$155,672	$400,177	$-693

Hanover Volunteer Fire Department Inc