OSOLO TOWNSHIP VOLUNTEER FIRE DEPARTMENT INC (EIN 351066119) - 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

1957

Legal Domicile

Principal Officer

MICHAEL SMITH

Phone

5742641066

Tax Period

2024-01-01 to 2024-12-31

OSOLO TOWNSHIP VOLUNTEER FIRE DEPARTMENT INC, founded in 1957, is a community nonprofit in the Public Safety sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $353K, a strong 15% operating margin.

Mission

TO PROVIDE FIRE AND EMERGENCY PROTECTION FOR OSOLO TOWNSHIP.

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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 $26,910

Program Service Revenue $2,235,645

Investment Income $64,247

Other Revenue $5,581

TOTAL REVENUE $2,332,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,405,925

Fundraising Expenses $0

Program Expenses $1,635,210

Other Expenses $573,380

TOTAL EXPENSES $1,979,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,332,383	$941,313	+1.5%
Expenses	$1,979,305	$1,651,504	+0.2%
Net Income	$353,078	$-710,191	-1.5%

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

$96,822

Total Directors

$339,395

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SMITH	FIRE CHIEF	40.00	Officer Director	$87,147	$0	$87,147
GARRETT FREY	BOARD MEMBER	0.50	Director	$67,293	$0	$67,293
MICHAEL GRAHAM	BOARD MEMBER	1.00	Director	$44,485	$0	$44,485
CHRISTOPHER JONES	BOARD MEMBER	1.00	Director	$65,071	$0	$65,071
JO JOHNSTON	SECRETARY	0.50	Officer Director	$0	$75	$75
STEVE CRAWFORD	TREASURER	5.00	Officer Director	$6,900	$0	$6,900
BRITTANY SEABOLT	CHAIRMAN	2.00	Officer Director	$2,100	$0	$2,100
MICHAEL KORLOWICZ	VICE CHAIRMAN	0.50	Officer Director	$600	$0	$600
RYAN DEAL	BOARD MEMBER	0.50	Director	$65,724	$0	$65,724

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	$2,332,383	$1,979,305	$2,853,470	$353,078
2023	$941,313	$1,651,504	$1,562,568	$-710,191
2022	$783,051	$1,522,050	$1,498,505	$-738,999
2021	$1,421,459	$1,302,362	$2,015,594	$119,097
2020	$1,250,484	$1,125,973	$1,900,258	$124,511

OSOLO TOWNSHIP VOLUNTEER FIRE DEPARTMENT INC