TAYLORS ISLAND VOLUNTEER FIRE COMPANY INC (EIN 521346831) - 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

Principal Officer

PATTI TIEDER

Phone

4103973524

Tax Period

2024-01-01 to 2024-12-31

TAYLORS ISLAND VOLUNTEER FIRE COMPANY INC is a small nonprofit that reported $480K in total revenue in fiscal year 2024. Revenue surged 232% from the prior year, signaling strong growth momentum. Expenses of $551K exceeded revenue, resulting in a 15% operating deficit.

Mission

A VOLUNTEER FIRE COMPANY ORGANIZED TO PROVIDE VOLUNTEER FIREFIGHTING AND EMERGENCEY MEDICAL SERVICES TO THE TAYLORS ISLAND, MARYLAND COMMUNITY AND THE SURROUNDING AREAS OF DORCHESTER COUNTY, MARYLAND.

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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 $75,933

Program Service Revenue $0

Investment Income $0

Other Revenue $403,780

TOTAL REVENUE $479,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $550,510

Other Expenses $550,510

TOTAL EXPENSES $550,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$479,713	$144,690	+2.3%
Expenses	$550,510	$92,418	+5.0%
Net Income	$-70,797	$52,272	-2.4%

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

120

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
ANNA GROSSNICKLE	VICE	N/A	Officer	$0	$0	$0
LISA NEILD	TREASURER	N/A	Officer	$0	$0	$0
KATIE PAUL	SECRETARY	N/A	Officer	$0	$0	$0
PATTI TIEDER	PRESIDENT	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	No data	No data	No data	No data
2024	$479,713	$550,510	$2,191,791	$-70,797
2023	$144,690	$92,418	$1,446,356	$52,272
2022	$115,284	$51,952	$1,394,084	$63,332
2021	$134,900	$71,509	$1,330,752	$63,391

TAYLORS ISLAND VOLUNTEER FIRE COMPANY INC