LEIPSIC VOLUNTEER FIRE COMPANY INC (EIN 510265685) - 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

1947

Legal Domicile

Principal Officer

BARBARA VIRDIN

Phone

3026740829

Tax Period

2024-01-01 to 2024-12-31

LEIPSIC VOLUNTEER FIRE COMPANY INC, founded in 1947, is a community nonprofit in the Public Safety sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 166% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 52% operating margin.

Mission

VOLUNTEER FIRE AND RESCUE COMPANY

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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 $1,034,424

Program Service Revenue $178,520

Investment Income $753,295

Other Revenue $-7,471

TOTAL REVENUE $1,958,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $429,484

Fundraising Expenses $0

Program Expenses $714,999

Other Expenses $518,588

TOTAL EXPENSES $948,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,958,768	$737,376	+1.7%
Expenses	$948,072	$1,074,737	-0.1%
Net Income	$1,010,696	$-337,361	-4.0%

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

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

$60,531

Total Directors

$67,574

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE CHILLAS	PRESIDENT	2.00	Officer Director	$26,604	$0	$26,604
WILLIAM CLEVENGER	VICE-PRESIDENT	2.00	Officer Director	$33,927	$0	$33,927
SAMANTHA GRIMMINGER	SECRETARY	4.00	Officer Director	$0	$0	$0
BARBARA VIRDIN	TREASURER	6.00	Officer Director	$0	$0	$0
CONNIE LUFF	DIRECTOR	2.00	Director	$0	$0	$0
RONALD VIRDIN JR	DIRECTOR	2.00	Director	$7,043	$0	$7,043
MICHAEL BOOTS	DIRECTOR	2.00	Director	$0	$0	$0
QUINTIN BOOTS	DIRECTOR	2.00	Director	$0	$0	$0
HARRY MARSHALL	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL PAREZAN	DIRECTOR	2.00	Director	$0	$0	$0
JEREMY VIRDIN	FIRE CHIEF	2.00	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	$1,958,768	$948,072	$8,014,928	$1,010,696
2023	$737,376	$1,074,737	$7,488,464	$-337,361
2022	$1,126,272	$953,400	$7,215,359	$172,872
2021	$941,605	$863,954	$7,769,667	$77,651
2020	$927,801	$794,343	$7,678,969	$133,458

LEIPSIC VOLUNTEER FIRE COMPANY INC