Glen Burnie Volunteer Fire Co Inc (EIN 520783093) - 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

1923

Legal Domicile

Principal Officer

Paul Cogswell

Phone

4107602464

Tax Period

2024-07-01 to 2025-06-30

Glen Burnie Volunteer Fire Co Inc, founded in 1923, is a small nonprofit in the Public Safety sector that reported $104K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $250K exceeded revenue, resulting in a 140% operating deficit.

Mission

Fire protection & prevention. GB Volunteer Fire Dept. provides fire protection and ambulance services to the residents of the Glen Burnie area. Services are provided on a volunteer basis.

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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 $57,400

Program Service Revenue $25,000

Investment Income $7,000

Other Revenue $15,000

TOTAL REVENUE $104,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $14,500

Program Expenses $213,525

Other Expenses $243,375

TOTAL EXPENSES $250,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$104,400	$245,000	-0.6%
Expenses	$250,375	$245,000	+0.0%
Net Income	$-145,975	$0	N/A

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

N/A

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
Pat Reilly	President	10.00	Officer	$0	$0	$0
Ellwood Klump	Vice President	8.00	Officer	$0	$0	$0
Susan Leatherwood	Secretary	10.00	Officer	$0	$0	$0
Paul Cogswell	Treasurer	40.00	Officer	$0	$0	$0
Elizabeth Jacobs	Board Member	40.00	Director	$0	$0	$0
Dan Holzberger	Board Member	2.00	Director	$0	$0	$0
Frank Weese	Board Member	40.00	Director	$0	$0	$0
Don Graham	Board Member	20.00	Director	$0	$0	$0
Moe Reilly	Board Member	35.00	Director	$0	$0	$0
Jeff Filer	Board Member	15.00	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	$104,400	$250,375	$1,417,760	$-145,975
2024	No data	No data	No data	No data
2023	$97,317	$253,391	$1,563,735	$-156,074
2023	$245,000	$245,000	$1,739,432	No data
2022	$245,000	$245,000	$1,802,745	No data
2022	$288,024	$332,189	$1,739,432	$-44,165
2021	$314,567	$186,794	$1,802,745	$127,773

Glen Burnie Volunteer Fire Co Inc