Takoma Park Volunteer Fire Dept Inc (EIN 520504605) - 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

1924

Legal Domicile

Phone

2407738954

Tax Period

2024-07-01 to 2025-06-30

Takoma Park Volunteer Fire Dept Inc, founded in 1924, is a small nonprofit that reported $117K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $179K exceeded revenue, resulting in a 52% operating deficit.

Mission

fire and rescue services

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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 $111,358

Program Service Revenue $0

Investment Income $6,117

Other Revenue $0

TOTAL REVENUE $117,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,401

Fundraising Expenses $0

Program Expenses $142,115

Other Expenses $145,215

TOTAL EXPENSES $178,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,475	$251,821	-0.5%
Expenses	$178,616	$147,140	+0.2%
Net Income	$-61,141	$104,681	-1.6%

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
Elmer Hamm	President	4.00	Officer Director	$0	$0	$0
Richard Willey	Vice President	4.00	Officer Director	$0	$0	$0
Stephen Novik	Secretary	4.00	Officer Director	$0	$0	$0
Bruce Allen	Treasurer	4.00	Officer Director	$0	$0	$0
Enrique Alaro	Director	4.00	Director	$0	$0	$0
Jorge Alfaro	Director	4.00	Director	$0	$0	$0
Neal Santangelo	Director	4.00	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	$117,475	$178,616	$1,475,519	$-61,141
2024	$251,821	$147,140	$1,830,113	$104,681
2023	$196,927	$103,738	$1,672,985	$93,189
2022	$338,985	$134,199	$1,687,863	$204,786
2021	$8,733	$83,954	$1,483,994	$-75,221
2020	$212,405	$66,768	$792,414	$145,637

Takoma Park Volunteer Fire Dept Inc