LAKE VILLA VOLUNTEER FIRE DEPT (EIN 366102213) - 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

1939

Legal Domicile

Principal Officer

GREG PHILLIPS

Phone

8473562525

Tax Period

2018-05-01 to 2019-04-30

LAKE VILLA VOLUNTEER FIRE DEPT, founded in 1939, is a micro nonprofit that reported $77K in total revenue in fiscal year 2018. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $179K exceeded revenue, resulting in a 133% operating deficit.

Mission

THE PURPOSES OF THE LAKE VILLA FIREFIGHTERS ASSOCIATION (THE "ASSOCIATION"), AS STATED IN ITS CERTIFICATE OF INCORPORATION, AS AMENDED ARE, TO THE BEST OF ITS ABILITY IS TO BE SUPPORTIVE IN A FINANCIAL MANNER TO THE LAKE VILLA FIRE PROTECTION DISTRICT AND TO THE OTHER COMMUNITY PUBLIC SERVICE ORGANIZATIONS AND FOSTER GOOD WILL AMONGST THE MEMBERS. THE CORPORATION SHALL HAVE THE GENERAL POWERS GRANTED BY SECTION 4 OF THE GENERAL NOTFORPROFIT CORPORATION ACT (805 ILCS 105/101.01 ET SEQ.), INCLUDING, BUT NOT LIMITED TO, THE POWER TO PURCHASE, TAKE, RECEIVE, LEASE AS LESSEE, TAKE BY GIFT OR LEGACY, OR OTHERWISE ACQUIRE, AND TO OWN, HOLD, USE AND OTHERWISE DEAL IN AND WITH ANY REAL OR PERSONAL PROPERTY, OF ANY INTEREST THEREIN, SITUATED IN OR OUT OF THIS STATE; TO MAKE CONTRACTS AND INCUR LIABILITIES WHICH MAY BE APPROPRIATE TO AND ENABLE IT TO ACCOMPLISH ANY OR ALL OF ITS PURPOSES; TO EMPLOY PERSONNEL TO ACCOMPLISH ITS PURPOSES; TO ELECT OR APPOINT OFFICERS AND AGENTS OF THE CORPORATION AN

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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 (2018)

Revenue Breakdown

Contributions & Grants $1,418

Program Service Revenue $46,342

Investment Income $429

Other Revenue $28,904

TOTAL REVENUE $77,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $154,243

Other Expenses $179,449

TOTAL EXPENSES $179,449

Year-over-Year Comparison

	2018	2017	Change
Revenue	$77,093	$106,436	-0.3%
Expenses	$179,449	$181,708	0.0%
Net Income	$-102,356	$-75,272	+0.4%

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
GREG PHILLIPS	PRESIDENT	10.00	Officer	$0	$0	$0
JEFF HARAS	SECRETARY	1.00	Officer	$0	$0	$0
ED KOFOED	TREASURER	10.00	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
2019	$77,093	$179,449	$978,748	$-102,356

LAKE VILLA VOLUNTEER FIRE DEPT