MIDLAND FIRE COMPANY (EIN 520414251) - 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

1900

Legal Domicile

Principal Officer

Paul Fair President

Phone

3014632511

Tax Period

2025-01-01 to 2025-12-31

MIDLAND FIRE COMPANY, founded in 1900, is a small nonprofit that reported $170K in total revenue in fiscal year 2025. Net assets of $553K represent 39 months of operating reserves.

Mission

THE MIDLAND FIRE CO IS DEDICATED TO PROVIDING FIRE PROTECTION TO THE CITIZENS OF MIDLAND AND ADJACENT AREAS OF APPROXIMATELY 5,000 CITIZENS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $245,547

Program Service Revenue $0

Investment Income $0

Other Revenue $-75,486

TOTAL REVENUE $170,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $700

Fundraising Expenses $0

Program Expenses $52,454

Other Expenses $164,590

TOTAL EXPENSES $165,290

Year-over-Year Comparison

	2025	2024	Change
Revenue	$170,061	$161,238	+0.1%
Expenses	$165,290	$163,347	+0.0%
Net Income	$4,771	$-2,109	-3.3%

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

$300

Total Directors

$400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Fair	President	5.00	Officer	$0	$0	$0
Jim Russell	Vice President	5.00	Officer	$0	$0	$0
Craig Alexander	Treasuer	10.00	Officer	$0	$200	$200
Kecia Coleman	Secretary	5.00	Officer	$0	$100	$100
John Cullen	House Committee	5.00	Director	$0	$100	$100
Craig Alexander	House Committee	5.00	Director	$0	$0	$0
Michael McGowan	House Committee	5.00	Director	$0	$100	$100
John Monahan	House Committee	5.00	Director	$0	$100	$100
Daniel Monahan	House Committee	5.00	Director	$0	$100	$100

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	$170,061	$165,290	$809,843	$4,771
2024	No data	No data	No data	No data
2023	$137,863	$328,487	$880,304	$-190,624
2022	$253,419	$430,435	$1,088,872	$-177,016
2021	$289,974	$419,561	$1,296,429	$-129,587
2020	$176,378	$446,161	$1,435,805	$-269,783
2019	$331,603	$604,598	$1,736,267	$-272,995
2018	$1,077,975	$237,428	$2,033,339	$840,547

MIDLAND FIRE COMPANY