Independent Hose Company Inc

EIN: 340697171

Salem, OH

Total Revenue
$127,604
Total Expenses
$124,843
Total Assets
$256,194
Net Assets
$255,237
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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
1936
Legal Domicile
OH
Principal Officer
Ronald Irey Finance Officer
Phone
3303376500
Tax Period
2024-01-01 to 2024-12-31

Independent Hose Company Inc, founded in 1936, is a small nonprofit that reported $128K in total revenue in fiscal year 2024. Net assets of $255K represent 24 months of operating reserves.

Mission

Social organization for the benefit of members

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,955
Program Service Revenue $0
Investment Income $12,950
Other Revenue $103,699
TOTAL REVENUE $127,604

Expense Breakdown

Grants Paid $0
Salaries & Benefits $58,121
Fundraising Expenses $0
Other Expenses $66,722
TOTAL EXPENSES $124,843

Year-over-Year Comparison

2024 2023 Change
Revenue $127,604 N/A N/A
Expenses $124,843 N/A N/A
Net Income $2,761 N/A N/A
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
7
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Derek Brant Trustee 2.00
Director
$0 $0 $0
Max Clapsadle Trustee 2.00
Director
$0 $0 $0
R Steven Pasko Trustee 2.00
Director
$0 $0 $0
Andrew Null Trustee 2.00
Director
$0 $0 $0
David Janofa Trustee 2.00
Director
$0 $0 $0
Ronald Irey Treasurer 2.00
Officer
$0 $0 $0
Kenneth May President 2.00
Officer
$0 $0 $0
Kenneth Kyser Vice President 2.00
Officer
$0 $0 $0
Charles Bubba McShane Secretary 2.00
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 $127,604 $124,843 $256,194 $2,761
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