MILLSBORO FIRE COMPANY INC (EIN 510094570) - 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

1924

Legal Domicile

Principal Officer

RON ONEAL

Phone

3029348359

Tax Period

2024-01-01 to 2024-12-31

MILLSBORO FIRE COMPANY INC, founded in 1924, is a community nonprofit in the Public Safety sector that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 12% surplus.

Mission

FIRE EXTINGUISHMENT AND PREVENTION

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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 $2,294,119

Program Service Revenue $1,351,176

Investment Income $57,089

Other Revenue $69,901

TOTAL REVENUE $3,772,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,725,460

Fundraising Expenses $47,134

Program Expenses $3,009,778

Other Expenses $1,600,148

TOTAL EXPENSES $3,325,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,772,285	$3,491,069	+0.1%
Expenses	$3,325,608	$2,991,182	+0.1%
Net Income	$446,677	$499,887	-0.1%

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

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
JAMES BURTON	SECRETARY	N/A	Officer Director	$0	$0	$0
DJ GARDNER	TREASURER	N/A	Officer Director	$0	$0	$0
JOHN HALL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
RON ONEAL	PRESIDENT	N/A	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	$3,772,285	$3,325,608	$10,783,002	$446,677
2023	$3,491,069	$2,991,182	$9,945,573	$499,887
2022	$3,518,024	$2,726,919	$9,578,478	$791,105
2021	$3,076,763	$2,282,849	$9,345,253	$793,914
2020	$2,518,072	$1,933,530	$8,331,110	$584,542
2019	$2,612,780	$1,865,098	$7,357,253	$747,682
2018	$2,235,967	$1,757,783	$6,816,817	$478,184

MILLSBORO FIRE COMPANY INC