TINLEY PARK VOLUNTEER FIRE DEPT (EIN 366112573) - 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

1949

Legal Domicile

Principal Officer

TIM O HAGAN

Phone

7084445200

Tax Period

2024-01-01 to 2024-12-31

TINLEY PARK VOLUNTEER FIRE DEPT, founded in 1949, is a micro nonprofit that reported $87K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $231K exceeded revenue, resulting in a 165% operating deficit.

Mission

PROVIDE AUXILLARY SUPPORT TOWARD THE EFFORTS AND ACTIVITIES OF THE TINLEY PARK FIRE DEPARTMENT

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,000

Program Service Revenue $0

Investment Income $82,152

Other Revenue $2,323

TOTAL REVENUE $87,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $231,449

TOTAL EXPENSES $231,449

Year-over-Year Comparison

	2024	2023	Change
Revenue	$87,475	$68,919	+0.3%
Expenses	$231,449	$54,507	+3.2%
Net Income	$-143,974	$14,412	-11.0%

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
TIM O HAGAN	PRESIDENT	N/A	Officer	$0	$0	$0
BRIAN HOOGERVORST	OFFICER AT L	N/A	Officer	$0	$0	$0
JAKE LITKENHUS	SECRETARY	N/A	Officer	$0	$0	$0
NORM RONEY	TREASURER	N/A	Officer	$0	$0	$0
MIKE WHITTMAN	VICE PRESIDE	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	$87,475	$231,449	$1,306,789	$-143,974
2023	$68,919	$54,507	$1,450,763	$14,412
2022	$-78,581	$183,588	$1,436,397	$-262,169
2021	$-9,953	$17,355	$1,698,566	$-27,308
2020	$97,397	$21,604	$1,725,874	$75,793
2019	$169,168	$24,675	$1,650,081	$144,493
2018	$49,324	$23,458	$1,505,588	$25,866

TINLEY PARK VOLUNTEER FIRE DEPT