PRAIRIETON VOLUNTEER FIREMANS ASSOCIATION INC (EIN 357000000) - 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

1944

Legal Domicile

Phone

8122995466

Tax Period

2023-01-01 to 2023-12-31

PRAIRIETON VOLUNTEER FIREMANS ASSOCIATION INC, founded in 1944, is a small nonprofit that reported $392K in total revenue in fiscal year 2023.

Mission

TO PROVIDE FIRE PROTECTION AND EMERGENCY MEDICAL SERVICES TO PERSONS WHO RESIDE IN PRAIRIETON AND PRAIRIE CREEK TOWNSHIP IN VIGO COUNTY.

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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 $4,231

Program Service Revenue $386,279

Investment Income $0

Other Revenue $1,873

TOTAL REVENUE $392,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,722

Fundraising Expenses $0

Program Expenses $396,626

Other Expenses $300,904

TOTAL EXPENSES $396,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$392,383	$391,699	+0.0%
Expenses	$396,626	$370,668	+0.1%
Net Income	$-4,243	$21,031	-1.2%

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

N/A

Employees

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

$43,320

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BUD BONHAM	FIRE CHIEF	40.00	Officer	$43,320	$0	$43,320
AEDAN O'TOOLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT O'TOOLE	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY DEMPSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERRIE BONHAM	Treasurer	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	$392,383	$396,626	$754,684	$-4,243
2022	$391,699	$370,668	$808,522	$21,031
2021	$433,328	$350,523	$836,160	$82,805
2020	$415,326	$364,095	$806,445	$51,231
2019	$323,586	$406,125	$815,416	$-82,539
2018	$312,120	$453,447	$930,786	$-141,327

PRAIRIETON VOLUNTEER FIREMANS ASSOCIATION INC