MAUGANSVILLE GOODWILL VOLUNTEER FIRE COMPANY

EIN: 521081068 501(c)(3) Public Safety

MAUGANSVILLE, MD

Total Revenue
$527,084
Total Expenses
$475,444
Total Assets
$2,517,174
Net Assets
$2,514,853
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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
1928
Legal Domicile
MD
Principal Officer
PHIL RIDENOUR
Phone
3017398515
Tax Period
2024-07-01 to 2025-06-30

MAUGANSVILLE GOODWILL VOLUNTEER FIRE COMPANY, founded in 1928, is a small nonprofit in the Public Safety sector that reported $527K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $475K left a modest 10% surplus.

Mission

FIREFIGHTING & EMERGENCY MEDICAL ASSISTANCE

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $396,529
Program Service Revenue $24,800
Investment Income $15,694
Other Revenue $90,061
TOTAL REVENUE $527,084

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $98,678
Fundraising Expenses $6,578
Program Expenses $442,417
Other Expenses $374,766
TOTAL EXPENSES $475,444

Year-over-Year Comparison

2024 2023 Change
Revenue $527,084 $746,412 -0.3%
Expenses $475,444 $493,157 0.0%
Net Income $51,640 $253,255 -0.8%
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

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Governance

Voting Members
11
Independent Members
11
Employees
7
Volunteers
96

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
13
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BJ FOX RECORDING SE 2.00
Officer Director
$0 $0 $0
CONNIE GARRETT SERGEANT-AT- 1.00
Officer Director
$0 $0 $0
STEPHANI HOFFMAN TREASURER 8.00
Officer Director
$0 $0 $0
LANA HOUSER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MARK MILLER FIRE CHIEF 2.00
Officer Director
$0 $0 $0
JOHN MUNSON HALL MANAGER 2.00
Officer Director
$0 $0 $0
BRETT PALMER RECORDING SE 2.00
Officer Director
$0 $0 $0
CHARLES T PALMER MAINTENANCE 2.00
Officer Director
$0 $0 $0
GENNY RESH CHAPLAIN 2.00
Officer Director
$0 $0 $0
HEATHER RIDENOUR FINANCIAL SE 2.00
Officer Director
$0 $0 $0
JEANNIE RIDENOUR CORRESP. SEC 1.00
Officer Director
$0 $0 $0
PHIL RIDENOUR PRESIDENT 4.00
Officer Director
$0 $0 $0
JOSHUA WATKINS SERGEANT-AT- 1.00
Officer 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 $527,084 $475,444 $2,517,174 $51,640
2024 $616,031 $509,530 $2,465,385 $106,501
2023 $636,559 $495,923 $2,359,848 $140,636
2022 $530,366 $412,022 $2,217,816 $118,344
2021 $541,976 $395,163 $2,099,709 $146,813
2020 $476,955 $328,105 $1,952,987 $148,850
2019 $333,925 $343,698 $1,802,922 $-9,773
2018 $345,985 $350,247 $1,813,044 $-4,262
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