LAKE HILLS VOLUNTEER FIRE DEPT INC

EIN: 351765509

SCHERERVILLE, IN

Total Revenue
$627,875
Total Expenses
$604,722
Total Assets
$594,172
Net Assets
$559,274
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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
1947
Legal Domicile
IN
Principal Officer
DEBBIE LOWE
Phone
2193653340
Tax Period
2023-01-01 to 2023-12-31

LAKE HILLS VOLUNTEER FIRE DEPT INC, founded in 1947, is a small nonprofit that reported $628K in total revenue in fiscal year 2023. Expenses of $605K left a modest 4% surplus.

Mission

COMMUNITY PROTECTION VIA FIGHTING FIRES AND EMT SERVICES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $495,751
Program Service Revenue $132,124
Investment Income $0
Other Revenue $0
TOTAL REVENUE $627,875

Expense Breakdown

Grants Paid $0
Salaries & Benefits $332,284
Fundraising Expenses $5,327
Program Expenses $567,499
Other Expenses $272,438
TOTAL EXPENSES $604,722

Year-over-Year Comparison

2023 2022 Change
Revenue $627,875 $607,330 +0.0%
Expenses $604,722 $593,189 +0.0%
Net Income $23,153 $14,141 +0.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
45
Volunteers
59

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBBIE LOWE TREASURER N/A
Officer
$0 $0 $0
MELISSA MICHALAK PRESIDENT N/A
Officer
$0 $0 $0
JAMIE TURLAY SECRETARY N/A
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 $627,875 $604,722 $594,172 $23,153
2022 $607,330 $593,189 $585,735 $14,141
2021 $527,522 $575,085 $604,849 $-47,563
2020 $502,630 $531,583 $648,060 $-28,953
2019 $379,877 $390,061 $718,985 $-10,184
2018 $380,928 $406,386 $720,679 $-25,458
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