LITTLE GASPARILLA ISLAND FIRE AND RESCUE INC (EIN 470851392) - 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

2002

Legal Domicile

Principal Officer

PAUL HOLMES

Tax Period

2024-01-01 to 2024-12-31

LITTLE GASPARILLA ISLAND FIRE AND RESCUE INC, founded in 2002, is a small nonprofit in the Public Safety sector that reported $202K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $767K represent 46 months of operating reserves.

Mission

LGIFRS MISSION IS TO PROTECT THE PROPERTY AND LIVES OF RESIDENTS AND VISITORS ON LITTLE GASPARILLA ISLAND. LGIFR PURSUES ITS MISSION BY PROVIDING FIRST RESPONDER FIRE SUPPRESSION AND EMERGENCY MEDICAL ASSISTANCE TO THE BRIDGELESS BARRIER ISLAND PROPERTY AND PEOPLE.

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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 $6,535

Program Service Revenue $194,826

Investment Income $157

Other Revenue $0

TOTAL REVENUE $201,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,753

Fundraising Expenses $0

Program Expenses $213,214

Other Expenses $115,461

TOTAL EXPENSES $213,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,518	$256,241	-0.2%
Expenses	$213,214	$165,858	+0.3%
Net Income	$-11,696	$90,383	-1.1%

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

Employees

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN CHAMBLEE	TREASURER	0.00	Director	$0	$0	$0
PAUL HOLMES	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
JOE TREBLAY	DIRECTOR	2.00	Officer	$0	$0	$0
ROY PETTEWAY	PRESIDENT	1.00	Officer	$0	$0	$0
LARRY OLEARY	MEDICAL DIRECTOR	2.00	Key Emp	$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	$201,518	$213,214	$780,646	$-11,696
2023	$256,241	$165,858	$792,260	$90,383
2022	$245,034	$152,887	$688,939	$92,147
2021	$241,013	$139,681	$718,030	$101,332
2020	$329,734	$132,589	$616,701	$197,145

LITTLE GASPARILLA ISLAND FIRE AND RESCUE INC