SOMERTON VOLUNTEER FIRE COMPANY (EIN 341357373) - 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

2010

Legal Domicile

Principal Officer

CLARENCE D WILCOX

Phone

7403919060

Tax Period

2023-01-01 to 2023-12-31

SOMERTON VOLUNTEER FIRE COMPANY, founded in 2010, is a small nonprofit in the Public Safety sector that reported $429K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $476K exceeded revenue, resulting in a 11% operating deficit.

Mission

To provide Emergency Medical and Fire Service, to protect the lives and properties of the citizens of Somerset Township and other areas under contract.

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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 (2023)

Revenue Breakdown

Contributions & Grants $57,152

Program Service Revenue $341,944

Investment Income $9,345

Other Revenue $20,704

TOTAL REVENUE $429,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,405

Fundraising Expenses $0

Program Expenses $475,763

Other Expenses $283,358

TOTAL EXPENSES $475,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$429,145	$506,346	-0.2%
Expenses	$475,763	$512,689	-0.1%
Net Income	$-46,618	$-6,343	+6.3%

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

$39,076

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ONETA JO WILCOX	TREASURER	010.00	Officer	$33,350	$0	$33,350
KIRK BLACKSTONE	CAPTAIN	010.00	Officer	$2,710	$0	$2,710
CLARENCE DENNIS WILCOX	CHIEF	010.00	Officer	$1,846	$0	$1,846
DENNIS SCOTT WILCOX	CAPTAIN	010.00	Officer	$1,170	$0	$1,170
STEVEN CLARK	CHIEF II	010.00	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	No data	No data	No data	No data
2023	$429,145	$475,763	$634,524	$-46,618
2022	$506,346	$512,689	$148,804	$-6,343
2021	$605,449	$692,226	$193,061	$-86,777
2020	$891,592	$825,128	$393,967	$66,464

SOMERTON VOLUNTEER FIRE COMPANY