LAUREL FIRE DEPARTMENT INC (EIN 510229597) - 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

1899

Legal Domicile

Principal Officer

MIKE LOWE

Phone

3028753081

Tax Period

2024-06-01 to 2025-05-31

LAUREL FIRE DEPARTMENT INC, founded in 1899, is a community nonprofit in the Public Safety sector that reported $2.5M in total revenue in fiscal year 2024. The organization ran a surplus of $381K, a strong 15% operating margin.

Mission

VOLUNTEER FIREFIGHTING AND AMBULANCE SERVICE

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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 $1,821,719

Program Service Revenue $634,618

Investment Income $3,661

Other Revenue $45,669

TOTAL REVENUE $2,505,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $959,208

Fundraising Expenses $0

Program Expenses $2,124,702

Other Expenses $1,165,494

TOTAL EXPENSES $2,124,702

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,505,667	$2,444,160	+0.0%
Expenses	$2,124,702	$1,703,141	+0.2%
Net Income	$380,965	$741,019	-0.5%

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

100

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
JEFF HILL	FIRE CHIEF	3.00	Director	$0	$0	$0
MIKE CARROLL	SECRETARY	5.00	Officer	$0	$0	$0
MIKE LOWE	TREASURER	5.00	Officer	$0	$0	$0
GREG ADKINS	DIRECTOR	3.00	Director	$0	$0	$0
JOHN BOWDEN	PRESIDENT	5.00	Officer	$0	$0	$0
AARON CAREY	VICE PRESIDE	5.00	Officer	$0	$0	$0
RICHARD WELLS	DIRECTOR	3.00	Director	$0	$0	$0
JAY HALL	DIRECTOR	3.00	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	$2,505,667	$2,124,702	$5,968,508	$380,965
2024	$2,444,160	$1,703,141	$5,752,622	$741,019
2023	$1,969,718	$1,644,530	$4,804,334	$325,188
2022	$1,664,770	$1,518,767	$4,710,246	$146,003
2021	$1,742,716	$1,484,315	$4,805,878	$258,401
2020	$1,535,357	$1,497,215	$4,928,775	$38,142
2019	$1,447,299	$1,406,399	$5,097,141	$40,900

LAUREL FIRE DEPARTMENT INC