POCOMOKE CITY VOLUNTEER FIRE CO INC

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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

1916

Legal Domicile

Principal Officer

MIKE SHANNON

Phone

4109572310

Tax Period

2024-01-01 to 2024-12-31

POCOMOKE CITY VOLUNTEER FIRE CO INC, founded in 1916, is a small nonprofit in the Public Safety sector that reported $668K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $251K, a strong 38% operating margin.

Mission

TO PROVIDE FIRE SAFETY TO THE POCOMOKE CITY COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $402,887

THE ORGANIZATION RESPONDS TO HUNDREDS OF FIRE ALARMS AND ACCIDENTS DURING THE YEAR, SAVING MILLIONS OF DOLLARS IN PROPERTY DAMAGE AND COUNTLESS LIVES.

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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 $574,938

Program Service Revenue $0

Investment Income $32,042

Other Revenue $60,968

TOTAL REVENUE $667,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,718

Program Expenses $402,887

Other Expenses $416,724

TOTAL EXPENSES $416,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$667,948	$556,202	+0.2%
Expenses	$416,724	$404,306	+0.0%
Net Income	$251,224	$151,896	+0.7%

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
DICKY GLADDING	DIRECTOR	N/A	Director	$0	$0	$0
LUCAS HOLLAND	DIRECTOR	N/A	Director	$0	$0	$0
MARION BUTLER JR	DIRECTOR	N/A	Director	$0	$0	$0
MERRILL LOCKFAW	DIRECTOR	N/A	Director	$0	$0	$0
BILLY SPARROW	DIRECTOR	N/A	Director	$0	$0	$0
JERRY BARBIERRI	VICE PRESIDE	N/A	Officer	$0	$0	$0
ADAM HOWARD	PRESIDENT	N/A	Officer	$0	$0	$0
MIKE SHANNON	TREASURER	N/A	Officer	$0	$0	$0
JOSH WEICHMANN	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
2024	$667,948	$416,724	$3,661,735	$251,224
2023	$556,202	$404,306	$3,410,511	$151,896
2022	$517,113	$389,458	$3,258,615	$127,655
2021	$546,100	$397,410	$3,329,960	$148,690
2020	$439,763	$349,126	$3,901,674	$90,637
2018	$566,696	$605,351	$3,405,727	$-38,655