Long Lake Volunteer Fire Department (EIN 376039638) - 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

1953

Legal Domicile

Principal Officer

Zachary Duffield

Tax Period

2023-11-01 to 2024-10-31

Long Lake Volunteer Fire Department, founded in 1953, is a small nonprofit that reported $512K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $458K left a modest 11% surplus.

Mission

To preserve and protect lives and property in the Village of Pontoon Beach Illinois and surrounding areas

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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 $444,760

Program Service Revenue $0

Investment Income $34,652

Other Revenue $32,727

TOTAL REVENUE $512,139

Expense Breakdown

Grants Paid $345

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $395,529

Other Expenses $440,532

TOTAL EXPENSES $458,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$512,139	$359,292	+0.4%
Expenses	$458,062	$361,446	+0.3%
Net Income	$54,077	$-2,154	-26.1%

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

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	Role	Reportable Comp	Other Comp	Total
Andrew Barrett	Trustee	Director	$0	$0	$0
Aaron Bloomquist	Trustee	Director	$0	$0	$0
Vince Goodman	Trustee	Director	$0	$0	$0
Joshua Whitecotton	Trustee	Director	$0	$0	$0
Michael Cole	Vice President	Officer Director	$0	$0	$0
Zachary Duffield	President	Officer Director	$0	$0	$0
Kaily Frensko	Treasurer	Officer Director	$0	$0	$0
Matthew Thompson	Secretary	Officer Director	$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	$512,139	$458,062	$2,260,662	$54,077
2023	$421,691	$373,330	$2,215,202	$48,361
2022	$359,292	$304,414	$1,458,373	$54,878
2021	$150,660	$220,172	$1,462,977	$-69,512
2020	$286,061	$223,426	$1,538,445	$62,635
2019	$194,980	$215,569	$1,488,655	$-20,589
2018	$135,514	$182,234	$1,502,216	$-46,720

Long Lake Volunteer Fire Department