CORDOVA VOLUNTEER FIREMEN ASSOC INC (EIN 521162216) - 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

1928

Legal Domicile

Principal Officer

JR STICHBERRY

Phone

4103645400

Tax Period

2023-01-01 to 2023-12-31

CORDOVA VOLUNTEER FIREMEN ASSOC INC, founded in 1928, is a small nonprofit in the Public Safety sector that reported $613K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $356K, a strong 58% operating margin.

Mission

TO PROVIDE FIRE, RESCUE AND AMBULANCE SERVICES TO THE PEOPLE OF THE COMMUNITY OF CORDOVA, MARYLAND; TALBOT COUNTY, MARYLAND AND THE SURROUNDING AREAS. THE SERVICES ARE PROVIDED SOLELY BY VOLUNTEERS.

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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 $425,746

Program Service Revenue $0

Investment Income $110,309

Other Revenue $76,665

TOTAL REVENUE $612,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $237,123

Other Expenses $256,315

TOTAL EXPENSES $256,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$612,720	$447,098	+0.4%
Expenses	$256,315	$277,337	-0.1%
Net Income	$356,405	$169,761	+1.1%

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

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
TIMOTHY CANNON	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
LAURA DIEM	TREASURER	6.00	Officer Director	$0	$0	$0
WILLIAM DULIN	TRUSTEE	1.00	Director	$0	$0	$0
MARK SECRIST	TRUSTEE	1.00	Director	$0	$0	$0
JAMES EASON SR	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE STICHBERRY	SECRETARY	3.00	Officer Director	$0	$0	$0
JR STICHBERRY	PRESIDENT	8.00	Officer Director	$0	$0	$0
MATTHEW SWANN	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$612,720	$256,315	$4,405,294	$356,405
2022	$447,098	$277,337	$3,989,547	$169,761
2021	$458,624	$232,496	$4,113,280	$226,128
2020	$343,742	$177,395	$3,807,889	$166,347
2019	$387,381	$199,034	$3,604,054	$188,347
2018	$399,197	$210,935	$3,387,356	$188,262

CORDOVA VOLUNTEER FIREMEN ASSOC INC