POTOMAC FIRE COMPANY NO 2 INC (EIN 520566671) - 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

Principal Officer

WILLIAM KIGHT

Phone

3014632138

Tax Period

2024-01-01 to 2024-12-31

POTOMAC FIRE COMPANY NO 2 INC is a small nonprofit in the Public Safety sector that reported $200K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $141K, a strong 70% operating margin.

Mission

VOLUNTEER FIRE COMPANY PROTECTING THE CITIZENS PROPERTY IN OUR COMMUNITY AND MUTUAL AIDE COMMUNITIES.

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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 $136,927

Program Service Revenue $0

Investment Income $861

Other Revenue $62,449

TOTAL REVENUE $200,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,586

Other Expenses $59,479

TOTAL EXPENSES $59,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,237	$153,283	+0.3%
Expenses	$59,479	$162,532	-0.6%
Net Income	$140,758	$-9,249	-16.2%

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

N/A

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
TIM DAYTON	FIRE CHIEF	10.00	Officer	$0	$0	$0
PETE DECKER	SGT AT ARMS	10.00	Officer	$0	$0	$0
SHANE FAZENBAKER	VICE PRESIDE	10.00	Officer	$0	$0	$0
JUDY HAMILTON	TREASURER	10.00	Officer	$0	$0	$0
STEVE HOUSEHOL	SECRETARY	10.00	Officer	$0	$0	$0
WILLIAM KIGHT	PRESIDENT	10.00	Officer	$0	$0	$0
AMBER STEIDING	DRILL CAPTAI	10.00	Officer	$0	$0	$0
DENNIS STEIDING	FINANCIAL SE	10.00	Officer	$0	$0	$0
PHIL WHETSTONE	CHAPLAIN	10.00	Officer	$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	$200,237	$59,479	$1,298,605	$140,758
2022	$113,160	$78,213	$1,118,392	$34,947
2021	$173,580	$66,714	$1,083,445	$106,866
2020	$116,946	$61,243	$976,580	$55,703

POTOMAC FIRE COMPANY NO 2 INC