LAKES & STRAITS VOLUNTEER FIRE COMPANY INC (EIN 521241548) - 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

1951

Legal Domicile

Principal Officer

LESLIE WILSON

Phone

4103978154

Tax Period

2025-01-01 to 2025-12-31

LAKES & STRAITS VOLUNTEER FIRE COMPANY INC, founded in 1951, is a small nonprofit in the Public Safety sector that reported $163K in total revenue in fiscal year 2025. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 25% operating margin.

Mission

TO PROTECT AND SAFEGAURD THE LIVES AND PROPERTY OF ALL PERSONS IN THE LAKES & STRAIT'S ELECTION DISTRICTS, OF DORCHESTER COUNTY, MARYLAND OR ELSEWHERE IN THE COUNTY, FROM THE DAMAGES AND RAVAGES OF FIRE; TO PROMOTE SOCIAL INTERCOURSE AMOUNG MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $140,474

Program Service Revenue $0

Investment Income $0

Other Revenue $22,865

TOTAL REVENUE $163,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,060

Other Expenses $123,060

TOTAL EXPENSES $123,060

Year-over-Year Comparison

	2025	2024	Change
Revenue	$163,339	$103,533	+0.6%
Expenses	$123,060	$115,119	+0.1%
Net Income	$40,279	$-11,586	-4.5%

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
RICHARD DAWSON	TRUSTEE	N/A	Director	$0	$0	$0
CHRIS ROBINSON	TRUSTEE	N/A	Director	$0	$0	$0
MICHAEL TALL	TRUSTEE	N/A	Director	$0	$0	$0
VIRGINIA LEE TODD	TRUSTEE	N/A	Director	$0	$0	$0
SCOTT WILSON	TRUSTEE	N/A	Director	$0	$0	$0
SUE THOMAS	PRESIDENT	N/A	Officer	$0	$0	$0
LESLIE WILSON	SECRETARY	N/A	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	$163,339	$123,060	$283,608	$40,279
2024	No data	No data	No data	No data
2023	$72,405	$99,367	$263,415	$-26,962
2022	$91,202	$93,839	$278,377	$-2,637
2021	$64,575	$110,226	$281,014	$-45,651
2020	$71,025	$61,777	$296,130	$9,248

LAKES & STRAITS VOLUNTEER FIRE COMPANY INC