MADISON TOWNSHIP VOLUNTEER FIRE COMPANY (EIN 351728216) - 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

1979

Principal Officer

CLAUDE REESE

Phone

8122734100

Tax Period

2023-01-01 to 2023-12-31

MADISON TOWNSHIP VOLUNTEER FIRE COMPANY, founded in 1979, is a small nonprofit that reported $238K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $289K exceeded revenue, resulting in a 21% operating deficit.

Mission

FIRE PROTECTION

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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 $0

Program Service Revenue $74,907

Investment Income $1,845

Other Revenue $160,891

TOTAL REVENUE $237,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $288,677

Other Expenses $288,677

TOTAL EXPENSES $288,677

Year-over-Year Comparison

	2023	2022	Change
Revenue	$237,643	$458,755	-0.5%
Expenses	$288,677	$267,849	+0.1%
Net Income	$-51,034	$190,906	-1.3%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BICKERS	TREASURER	2.00	Officer	$0	$0	$0
CASSANDRA BLACK	SECRETARY	2.00	Officer	$0	$0	$0
RON LANHAM	VICE-PRESIDE	2.00	Officer	$0	$0	$0
CLAUDE REESE	PRESIDENT	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	No data	No data	No data	No data
2023	$237,643	$288,677	$963,872	$-51,034
2022	$458,755	$267,849	$1,014,906	$190,906
2021	$252,800	$230,890	$824,000	$21,910
2020	$191,698	$218,498	$802,090	$-26,800
2019	$273,005	$228,673	$828,890	$44,332
2018	$250,118	$251,419	$784,558	$-1,301

MADISON TOWNSHIP VOLUNTEER FIRE COMPANY