NEW MIDWAY VOLUNTEER FIRE COMPANY INC (EIN 521099959) - 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

1946

Legal Domicile

Principal Officer

JOSEPH LENHART

Phone

3018980543

Tax Period

2024-07-01 to 2025-06-30

NEW MIDWAY VOLUNTEER FIRE COMPANY INC, founded in 1946, is a small nonprofit in the Public Safety sector that reported $337K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $1.9M represent 69 months of operating reserves.

Mission

COMMUNITY VOLUNTEER FIRE COMPANY 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 $145,019

Program Service Revenue $0

Investment Income $47,627

Other Revenue $143,927

TOTAL REVENUE $336,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $325,640

Other Expenses $343,121

TOTAL EXPENSES $343,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,573	$290,195	+0.2%
Expenses	$343,121	$264,702	+0.3%
Net Income	$-6,548	$25,493	-1.3%

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
JOSEPH LENHART	TREASURER	15.00	Officer Director	$0	$0	$0
SANDY NICHOLSON	DIRECTOR	15.00	Director	$0	$0	$0
CHRIS GLADHILL Jr	PRESIDENT	15.00	Officer Director	$0	$0	$0
GARY WOLFE	VICE PRESIDENT	15.00	Officer Director	$0	$0	$0
JUDY SMITH	SECRETARY	15.00	Officer Director	$0	$0	$0
TERRY FOGLE	ASST TREASURER	15.00	Officer Director	$0	$0	$0
MELANY COOLEY	DIRECTOR	15.00	Director	$0	$0	$0
TYLER PESCATORE	DIRECTOR	15.00	Director	$0	$0	$0
TERRY ELDER	ASST SECRETARY	15.00	Officer Director	$0	$0	$0
LEON STOVER	DIRECTOR	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	$336,573	$343,121	$2,108,818	$-6,548
2024	$290,195	$264,702	$2,086,681	$25,493
2023	$262,041	$248,971	$1,967,598	$13,070
2022	$257,325	$263,957	$1,891,403	$-6,632
2021	$214,968	$212,161	$2,005,825	$2,807
2020	$239,157	$191,370	$1,565,196	$47,787
2019	$259,647	$204,837	$1,511,144	$54,810

NEW MIDWAY VOLUNTEER FIRE COMPANY INC