NORTHWOOD VOLUNTEER FIRE COMPANY (EIN 473905335) - 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

1901

Legal Domicile

Phone

6413901663

Tax Period

2023-01-01 to 2023-12-31

NORTHWOOD VOLUNTEER FIRE COMPANY, founded in 1901, is a small nonprofit in the Public Safety sector that reported $344K in total revenue in fiscal year 2023. Expenses of $506K exceeded revenue, resulting in a 47% operating deficit.

Mission

Volunteer 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 (2023)

Revenue Breakdown

Contributions & Grants $337,507

Program Service Revenue $0

Investment Income $6,250

Other Revenue $0

TOTAL REVENUE $343,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,300

Fundraising Expenses $0

Program Expenses $505,535

Other Expenses $475,235

TOTAL EXPENSES $505,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$343,757	$320,509	+0.1%
Expenses	$505,535	$297,477	+0.7%
Net Income	$-161,778	$23,032	-8.0%

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

N/A

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
Blake Severson	Fire Chief	20.00	Officer Director	$0	$0	$0
Brett Backhaus	Asst.Fire Chief	20.00	Officer Director	$0	$0	$0
Misty Hakes	Treasurer	20.00	Officer Director	$0	$0	$0
Kelli Wallin	Secretary	20.00	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	No data	No data	No data	No data
2023	$343,757	$505,535	$405,752	$-161,778
2022	$326,509	$297,477	$426,503	$29,032
2019	$139,535	$88,309	$379,084	$51,226
2018	$304,491	$522,568	$312,095	$-218,077

NORTHWOOD VOLUNTEER FIRE COMPANY