HARRISON TWP VOLUNTEER FIRE CO (EIN 256066919) - 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

1947

Legal Domicile

Principal Officer

CHERI POTTER

Phone

8143677926

Tax Period

2024-01-01 to 2024-12-31

HARRISON TWP VOLUNTEER FIRE CO, founded in 1947, is a small nonprofit that reported $174K in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 32% operating margin.

Mission

TO PROVIDE FIRE AND RESCUE SERVICES TO THE TERRITORY IN WHICH THE OPERATIONS OF THE ORGANIZATION ARE PRINCIPALLY CONDUCTED AND TO PROVIDE MUTUAL AID TO ADJACENT TERRITORIES IF CALLED.

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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 $76,289

Program Service Revenue $49,247

Investment Income $4,628

Other Revenue $43,790

TOTAL REVENUE $173,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $117,787

Other Expenses $117,886

TOTAL EXPENSES $117,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$173,954	$83,290	+1.1%
Expenses	$117,886	$76,291	+0.5%
Net Income	$56,068	$6,999	+7.0%

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

N/A

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
ART HAND	PRESIDENT	003.00	Officer Director	$0	$0	$0
KIRK MCCASLIN	VICE PRESIDENT	003.00	Officer Director	$0	$0	$0
CHERI POTTER	SECRETARY/ TREASURER	004.00	Officer Director	$0	$0	$0
FRANK MORSEMAN	TRUSTEE	001.00	Director	$0	$0	$0
THEODORE WHITE	TRUSTEE	001.00	Director	$0	$0	$0
WALTER SOROKO	TRUSTEE	001.00	Director	$0	$0	$0
NEAL POTTER	CHIEF	006.00	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	$173,954	$117,886	$599,934	$56,068
2023	$83,290	$78,182	$558,866	$5,108
2022	$187,107	$141,569	$583,146	$45,538
2021	$110,060	$73,769	$539,530	$36,291
2020	$109,210	$74,674	$518,899	$34,536
2019	$95,301	$71,505	$391,974	$23,796
2018	$87,121	$62,003	$960,445	$25,118

HARRISON TWP VOLUNTEER FIRE CO