CORNELL AREA FIRE DEPT INC (EIN 391743457) - 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

2001

Legal Domicile

Phone

7154382391

Tax Period

2024-01-01 to 2024-12-31

CORNELL AREA FIRE DEPT INC, founded in 2001, is a small nonprofit in the Public Safety sector that reported $308K in total revenue in fiscal year 2024. Expenses of $264K left a modest 15% surplus.

Mission

STANDARD FIRE DEPARTMENT OPERATIONS WHICH INCLUDE SUPRESSION AND PREVENTION OF FIRE IN EIGHT TOWNSHIPS AND ONE CITY

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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 $245,002

Program Service Revenue $51,648

Investment Income $4,220

Other Revenue $7,573

TOTAL REVENUE $308,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,642

Fundraising Expenses $0

Program Expenses $263,594

Other Expenses $183,952

TOTAL EXPENSES $263,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$308,443	N/A	N/A
Expenses	$263,594	N/A	N/A
Net Income	$44,849	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARLEY OEMIG JR	TREASURER	0.00	Officer	$0	$0	$0
ROBERT CALLAHAN	OFFICER	0.00	Officer	$0	$0	$0
RONNIE ARTS	OFFICER	0.00	Officer	$0	$0	$0
LISA WESTMAN	PRESIDENT	0.00	Officer	$0	$0	$0
BRIAN GUTHMAN	SECRETARY	0.00	Officer	$0	$0	$0
CORY S LANOU	VICE PRESIDENT	0.00	Officer	$0	$0	$0
MATTHEW S BOULDING	FIRE CHIEF	12.00	Highest	$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	$308,443	$263,594	$989,893	$44,849
2023	$259,155	$191,696	$733,475	$67,459
2022	$248,349	$167,683	$668,759	$80,666
2021	$256,530	$145,404	$654,021	$111,126
2020	$229,774	$126,798	$684,145	$102,976
2019	$206,417	$121,962	$677,206	$84,455

CORNELL AREA FIRE DEPT INC