Porter Township Volunteer Firemen Inc (EIN 351559539) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Phone

2194050775

Tax Period

2023-01-01 to 2023-12-31

Porter Township Volunteer Firemen Inc, founded in 1982, is a small nonprofit in the Public Safety sector that reported $198K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Net assets of $765K represent 46 months of operating reserves.

Mission

To engage without charge in the work of preventing and extinguishing fires in the homes and buildings situated within Porter Township and unincorporated communities in Porter County in Northwest Indiana.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $186,210

Program Service Revenue $0

Investment Income $348

Other Revenue $11,198

TOTAL REVENUE $197,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,405

Fundraising Expenses $0

Program Expenses $173,701

Other Expenses $203,909

TOTAL EXPENSES $216,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,756	$230,589	-0.1%
Expenses	$216,314	$220,049	0.0%
Net Income	$-18,558	$10,540	-2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Eric Palleson	President	Director	$0	$0	$0
Justin Hanson	Vice President	Director	$0	$0	$0
David Rice	Treasurer	Director	$0	$0	$0
Patrick Librandi	Secretary	Director	$0	$0	$0
Blake Palleson	Member at Large	Director	$0	$0	$0
Michael Meinert	Fire Chief	Director	$0	$0	$0
Bryce Palleson	Deputy Chief	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	No data	No data	No data	No data
2023	$197,756	$216,314	$1,156,199	$-18,558
2022	$230,589	$220,049	$783,783	$10,540
2021	$243,500	$216,124	$773,243	$27,376
2020	$314,436	$185,187	$790,840	$129,249
2019	$256,488	$221,306	$705,709	$35,182
2018	$173,309	$266,056	$713,856	$-92,747

Porter Township Volunteer Firemen Inc