HANOVER TOWNSHIP VOLUNTEER FIRE CO INC (EIN 356022045) - 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

1954

Legal Domicile

Principal Officer

RONALD C KROGER III

Tax Period

2023-01-01 to 2023-12-31

HANOVER TOWNSHIP VOLUNTEER FIRE CO INC, founded in 1954, is a small nonprofit that reported $132K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $189K exceeded revenue, resulting in a 43% operating deficit.

Mission

SERVICE TO THE COMMUNITY INCLUDING: FIRE FIGHTING, EMERGENCY RESCUES, WASH DOWNS AT ACCIDENT SITES, FIRE PREVENTION AND FIRST RESPONDERS.

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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 $6,770

Program Service Revenue $120,271

Investment Income $104

Other Revenue $5,155

TOTAL REVENUE $132,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,674

Other Expenses $189,020

TOTAL EXPENSES $189,020

Year-over-Year Comparison

	2023	2022	Change
Revenue	$132,300	$239,607	-0.4%
Expenses	$189,020	$220,037	-0.1%
Net Income	$-56,720	$19,570	-3.9%

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

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
CHARLES A JUSTICE	ENGINEER AND TRUSTEE	5.00	Officer Director	$0	$0	$0
CHRISTOPHER A LITSEY	ASSISTANT RESCUE OFFICER	5.00	Officer	$0	$0	$0
CORY THOMAS	RESCUE OFFICER	5.00	Officer	$0	$0	$0
SUSIE MORRIS	FIRE PREVENTION	5.00	Officer	$0	$0	$0
JONATHAN KEEL	TRAINING OFFICER	5.00	Officer	$0	$0	$0
RYAN M KELLEY	SAFETY OFFICER	5.00	Officer	$0	$0	$0
NELSON EHLERS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ROBERT L MCKENZIE	TREASURER	10.00	Officer	$0	$0	$0
LEAH M KROGER	SECRETARY	10.00	Officer	$0	$0	$0
RONALD C KROGER III	CHEIF	10.00	Officer	$0	$0	$0
WILLIAM PETTITT	PRESIDENT	1.00	Officer	$0	$0	$0
DENNIS R MADDOX	2ND ASSISTANT	1.00	Officer	$0	$0	$0
JOHN BURLESON	1ST ASSISTANT	5.00	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	$132,300	$189,020	$374,925	$-56,720
2022	$239,607	$220,037	$414,325	$19,570
2021	$94,860	$202,251	$417,381	$-107,391
2020	$91,397	$158,913	$527,747	$-67,516
2019	$87,471	$89,118	$354,421	$-1,647
2019	$87,471	$83,118	$360,421	$4,353
2018	$91,370	$102,897	$373,372	$-11,527

HANOVER TOWNSHIP VOLUNTEER FIRE CO INC