MIDDLEFIELD VOLUNTEER FIRE (EIN 341282193) - 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

1950

Legal Domicile

Principal Officer

WILLIAM REED

Phone

4406325297

Tax Period

2024-01-01 to 2024-12-31

MIDDLEFIELD VOLUNTEER FIRE, founded in 1950, is a community nonprofit in the Public Safety sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE FIRE AND EMS SERVICES TO THE RESIDENTS OF MIDDLEFIELD VILLAGE AND THE SURROUNDING COMMUNITIES.

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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 $6,131

Program Service Revenue $1,083,022

Investment Income $3,628

Other Revenue $0

TOTAL REVENUE $1,092,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $799,958

Fundraising Expenses $0

Program Expenses $1,311,533

Other Expenses $529,813

TOTAL EXPENSES $1,329,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,092,781	$968,637	+0.1%
Expenses	$1,329,771	$1,332,182	0.0%
Net Income	$-236,990	$-363,545	-0.3%

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

N/A

Employees

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

$22,812

Total Directors

$49,270

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN REED	TRUSTEE	32.00	Director	$38,632	$0	$38,632
CURT CANFIELD	SECRETARY	12.00	Officer	$11,792	$0	$11,792
WILLIAM REED	FIRE CHIEF	12.00	Officer	$11,020	$0	$11,020
CHRISTIAN KLEIN	TRUSTEE	2.00	Director	$6,078	$0	$6,078
STUART ANDERSON	TRUSTEE	2.00	Director	$4,560	$0	$4,560

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	$1,092,781	$1,329,771	$1,290,426	$-236,990
2023	$968,637	$1,332,182	$1,586,750	$-363,545
2022	$761,644	$1,111,095	$2,002,394	$-349,451
2021	$815,772	$1,085,515	$2,408,772	$-269,743
2020	$793,644	$1,053,560	$2,476,045	$-259,916
2019	$815,461	$964,366	$2,788,955	$-148,905
2018	$965,299	$819,777	$3,046,174	$145,522

MIDDLEFIELD VOLUNTEER FIRE