COVINGTON FIRE & RESCUE INC (EIN 311661067) - 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

1999

Legal Domicile

Principal Officer

BRAD WEER

Phone

9374732905

Tax Period

2024-01-01 to 2024-12-31

COVINGTON FIRE & RESCUE INC, founded in 1999, is a community nonprofit in the Health Care sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $926K left a modest 9% surplus.

Mission

TO PROVIDES FIRE AND PRE-HOSPITAL EMERGENCY MEDICAL CARE IN COVINGTON, OHIO,NEWBERRY TOWNSHIP, AND THE SURROUNDING AREA.

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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 $193,476

Program Service Revenue $800,456

Investment Income $26,473

Other Revenue $0

TOTAL REVENUE $1,020,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $362,466

Fundraising Expenses $9,623

Program Expenses $906,371

Other Expenses $563,716

TOTAL EXPENSES $926,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,020,405	$1,155,813	-0.1%
Expenses	$926,182	$1,042,762	-0.1%
Net Income	$94,223	$113,051	-0.2%

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

$22,695

Total Directors

$22,695

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD WEER	TREASURER	40.00	Officer Director	$22,695	$0	$22,695
CHIP BRANT	TRUSTEE	1.00	Director	$0	$0	$0
ROGER FINROCK	TRUSTEE	1.00	Director	$0	$0	$0
SHARON FROCK	SECRETARY	5.00	Officer Director	$0	$0	$0
CHRIS HAINES	PRESIDENT	5.00	Officer Director	$0	$0	$0
JASON LYLE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MARION	TRUSTEE	1.00	Director	$0	$0	$0
RIKE MILLER	VICE-PRESIDE	5.00	Officer Director	$0	$0	$0
SHAWN RAY	TRUSTEE	1.00	Director	$0	$0	$0
BART WEER	TRUSTEE	1.00	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	$1,020,405	$926,182	$1,850,471	$94,223
2023	$1,155,813	$1,042,762	$1,863,920	$113,051
2022	$1,111,496	$1,152,258	$1,919,130	$-40,762
2021	$1,079,409	$1,051,357	$2,101,835	$28,052
2020	$1,061,230	$961,543	$2,032,632	$99,687
2019	$1,107,283	$1,010,403	$2,037,073	$96,880
2018	$901,064	$987,333	$2,410,001	$-86,269

COVINGTON FIRE & RESCUE INC