LAKE MISHNOCK VOLUNTEER FIRE COMPAN

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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

1951

Legal Domicile

Principal Officer

DANIEL K BROWN

Phone

4013977353

Tax Period

2024-07-01 to 2025-06-30

LAKE MISHNOCK VOLUNTEER FIRE COMPAN, founded in 1951, is a small nonprofit in the Public Safety sector that reported $313K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $278K left a modest 11% surplus.

Mission

MITIGATES FIRES, MEDICAL EMERGENCIES, HAZARDOUS MATERIAL INCIDENTS, FLOODS, BOAT ACCIDENTS, AUTOMOBILE ACCIDENTS, CONFINED SPACE RESCUES, DROWNING, AND OTHER EMERGENCIES AS THEY ARISE. THESE SERVICES ARE PROVIDED IMMEDIATELY TO ANY PERSON WHO HAS A NEED ANYWHERE WITHIN LAK MISHNOCK / WEST GREENWICH OR THROUGH MUTUAL AID GIVEN TO OUR SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $277,799

TO PROVIDE VOLUNTEER FIRE PREVENTION, FIRE PROTECTION AND EMT & RESCUE SERVICES FOR A PORTION OF THE TOWN OF WEST GREENWICH (APPROXIMATELY 2,800 OF 10,000 RESIDENTS)

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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 $236,234

Program Service Revenue $60,759

Investment Income $15,002

Other Revenue $1,046

TOTAL REVENUE $313,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $277,799

Other Expenses $277,799

TOTAL EXPENSES $277,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,041	$425,042	-0.3%
Expenses	$277,799	$298,396	-0.1%
Net Income	$35,242	$126,646	-0.7%

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

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
DANIEL K BROWN	PRESIDENT	10.00	Officer Director	$0	$0	$0
HUNTER BAUGHAN	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
BRIANNA PROCTOR	SECRETARY	10.00	Officer Director	$0	$0	$0
JEREMY NERBONNE	TREASURER	10.00	Officer Director	$0	$0	$0
JOSEPH SCHINDLER	DIRECTOR	10.00	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	$313,041	$277,799	$461,622	$35,242
2024	No data	No data	No data	No data
2023	$188,896	$300,686	$309,637	$-111,790
2022	$261,548	$332,682	$426,285	$-71,134
2021	$299,011	$283,422	$532,459	$15,589
2020	$348,874	$333,956	$583,318	$14,918
2019	$410,097	$377,989	$473,019	$32,108