GLENWOOD VOLUNTEER FIRE ASSOCIATION INC (EIN 426061672) - 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

1946

Legal Domicile

Principal Officer

GAVIN GRAY

Phone

7125272093

Tax Period

2023-07-01 to 2024-06-30

GLENWOOD VOLUNTEER FIRE ASSOCIATION INC, founded in 1946, is a micro nonprofit that reported $66K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $22K, a strong 34% operating margin.

Mission

TO PROVIDE FIRE PROTECTION; TO EDUCATE THE COMMUNITY ABOUT FIRE PREVENTION; TO TRAIN AND EDUCATE THE CITIZENS OF MILLS COUNTY IN FIRE PROTECTION AND PREVENTION. ALSO TO PROVIDE A RESCUE SQUAD SERVICE TO THE RESIDENTS OF MILLS 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 $41,208

Program Service Revenue $17,086

Investment Income $1,869

Other Revenue $5,676

TOTAL REVENUE $65,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,349

Fundraising Expenses $1,283

Program Expenses $36,159

Other Expenses $38,303

TOTAL EXPENSES $43,652

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,839	$353,525	-0.8%
Expenses	$43,652	$290,617	-0.8%
Net Income	$22,187	$62,908	-0.6%

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

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
ADAM BRAUN	VP/1ST ASST	1.00	Officer Director	$0	$0	$0
TRAVIS COFFEY	TRUSTEE	1.00	Director	$0	$0	$0
GAVIN GRAY	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT GRAY	FIRE CHIEF	1.00	Director	$0	$0	$0
AARON LING	TRUSTEE	1.00	Director	$0	$0	$0
BRAD OLIVER	TRUSTEE	1.00	Director	$0	$0	$0
KELLI OLIVER	SECRETARY	1.00	Officer Director	$0	$0	$0
ROGER WILLIAMS	TREASURER	1.00	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
2025	No data	No data	No data	No data
2024	$65,839	$43,652	$182,273	$22,187
2023	$353,525	$290,617	$160,086	$62,908
2022	$342,688	$339,802	$97,178	$2,886
2021	$408,929	$407,627	$95,213	$1,302
2020	$450,926	$408,911	$96,820	$42,015
2019	$423,691	$423,099	$55,288	$592
2018	$557,006	$533,683	$56,159	$23,323

GLENWOOD VOLUNTEER FIRE ASSOCIATION INC