THE TILGHMAN VOLUNTEER FIRE COMPANY INC (EIN 521069228) - 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

1938

Legal Domicile

Phone

4108862101

Tax Period

2023-01-01 to 2023-12-31

THE TILGHMAN VOLUNTEER FIRE COMPANY INC, founded in 1938, is a small nonprofit that reported $571K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $232K, a strong 41% operating margin.

Mission

TO PROVIDE EMERGENCY AMBULANCE SERVICE AND FIRE PROTECTION ON A VOLUNTEER BASIS TO TILGHMAN ISLAND, MD, TALBOT COUNTY, MD AND SURROUNDING 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 (2023)

Revenue Breakdown

Contributions & Grants $498,634

Program Service Revenue $0

Investment Income $9,217

Other Revenue $63,241

TOTAL REVENUE $571,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,563

Program Expenses $328,935

Other Expenses $339,450

TOTAL EXPENSES $339,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$571,092	$437,240	+0.3%
Expenses	$339,450	$333,993	+0.0%
Net Income	$231,642	$103,247	+1.2%

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

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
AARON LOMAX	Trustee	1.00	Director	$0	$0	$0
LEVIN F HARRISON IV	Vice President	1.00	Director	$0	$0	$0
WILLIAM LEDNUM	Trustee	1.00	Director	$0	$0	$0
DEWAYNE STEWART	Trustee	1.00	Director	$0	$0	$0
DEBBY SWEET	Trustee	1.00	Director	$0	$0	$0
EILEEN REISS	Trustee	2.00	Officer	$0	$0	$0
LEAH LEDNUM	Treasurer	5.00	Officer	$0	$0	$0
CHRIS HOOD	President	3.00	Officer	$0	$0	$0
RENDY LOMAX	Secretary	5.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$571,092	$339,450	$3,451,154	$231,642
2022	$437,240	$333,993	$2,743,199	$103,247
2021	$693,871	$321,173	$2,682,272	$372,698
2020	$364,602	$297,808	$2,283,588	$66,794
2019	$374,984	$274,060	$2,202,438	$100,924
2018	$333,919	$299,879	$2,072,055	$34,040

THE TILGHMAN VOLUNTEER FIRE COMPANY INC