MEMORIAL VOLUNTEER FIRE COMPANY (EIN 510112584) - 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

1954

Legal Domicile

Principal Officer

MICHAEL PFAFFENHAUSER

Phone

3024228888

Tax Period

2024-07-01 to 2025-06-30

MEMORIAL VOLUNTEER FIRE COMPANY, founded in 1954, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $667K, a strong 33% operating margin.

Mission

PROVIDE FIRE, AMBULANCE, MARINE AND OTHER RESCUE SERVICES TO THE COMMUNITY OF SLAUGHTER BEACH AND ASSIST SURROUNDING AREAS.

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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 $1,637,623

Program Service Revenue $97,581

Investment Income $256,694

Other Revenue $34,709

TOTAL REVENUE $2,026,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $418,236

Fundraising Expenses $0

Program Expenses $985,969

Other Expenses $927,043

TOTAL EXPENSES $1,359,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,026,607	$1,497,400	+0.4%
Expenses	$1,359,639	$1,023,906	+0.3%
Net Income	$666,968	$473,494	+0.4%

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
PRESTON GREENWALT II	PRESIDENT	N/A	Officer Director	$0	$0	$0
BARRY BETTS	VICE PRESIDENT	N/A	Officer Director	$0	$0	$0
KENT GLASCO	FIRE CHIEF	N/A	Officer Director	$0	$0	$0
MICHAEL PFAFFENHAUSER	TREASURER	N/A	Officer Director	$0	$0	$0
WALTER REYNOLDS	SECRETARY	N/A	Officer Director	$0	$0	$0
CHRISTOPHER HAYES	CHIEF ENGINEER	N/A	Officer Director	$0	$0	$0
REESE STEVENSON	BUILDING SUPERINTENDENT	N/A	Officer Director	$0	$0	$0
WILLIAM SMITH	DIRECTOR AT LARGE	N/A	Director	$0	$0	$0
KEITH KNOTTS	DIRECTOR AT LARGE	N/A	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	$2,026,607	$1,359,639	$6,637,836	$666,968
2024	$1,497,400	$1,023,906	$5,810,335	$473,494
2023	$1,647,704	$990,227	$5,275,984	$657,477
2022	$1,422,882	$968,464	$4,309,335	$454,418
2021	$1,280,687	$799,759	$3,788,300	$480,928
2019	$1,028,968	$710,110	$3,342,902	$318,858

MEMORIAL VOLUNTEER FIRE COMPANY