CHERRY CITY VOLUNTEER FIRE COMPANY (EIN 256067504) - 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

1919

Legal Domicile

Principal Officer

JEFF REDMAN

Phone

4128748109

Tax Period

2024-01-01 to 2024-12-31

CHERRY CITY VOLUNTEER FIRE COMPANY, founded in 1919, is a small nonprofit that reported $281K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $135K, a strong 48% operating margin.

Mission

VOLUNTEER FIRE DEPARTMENT

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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 $264,255

Program Service Revenue $0

Investment Income $17,138

Other Revenue $0

TOTAL REVENUE $281,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $41,309

Program Expenses $59,513

Other Expenses $146,121

TOTAL EXPENSES $146,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$281,393	$393,876	-0.3%
Expenses	$146,121	$176,655	-0.2%
Net Income	$135,272	$217,221	-0.4%

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
JEFF REDMAN	PRESIDENT	12.00	Officer	$0	$0	$0
AARON SKALOS	VICE PRESIDENT	8.00	Officer	$0	$0	$0
STEVEN MASZKIEWICZ	RECORDING SECRETARY	8.00	Officer	$0	$0	$0
SHAUN NESTLER	TREASURER	8.00	Officer	$0	$0	$0
DONALD DANIHER	FINANCIAL SECRETARY	8.00	Officer	$0	$0	$0
MATT RICCI	BUILDING AND GROUNDS	8.00	Officer	$0	$0	$0
HUNTER BOYLE	SERGEANT OF ARMS	8.00	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	$281,393	$146,121	$1,590,281	$135,272
2023	$393,876	$176,655	$1,475,009	$217,221
2022	$319,864	$150,403	$1,477,803	$169,461
2021	$364,076	$264,548	$1,403,713	$99,528
2020	$660,814	$655,089	$1,208,452	$5,725
2019	$276,039	$305,953	$1,164,232	$-29,914
2018	$161,492	$208,816	$2,344,959	$-47,324

CHERRY CITY VOLUNTEER FIRE COMPANY