OCEAN CITY VOLUNTEER FIRE COMPANY OCEAN CITY VOLUNTEER FIRE COMPANY

EIN: 521638260 501(c)(3)

OCEAN CITY, MD

Total Revenue
$2,052,732
Total Expenses
$612,152
Total Assets
$8,117,293
Net Assets
$7,101,858
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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
1926
Legal Domicile
MD
Principal Officer
FREDERICK A SENGER IV
Phone
4106413497
Tax Period
2020-07-01 to 2021-06-30

OCEAN CITY VOLUNTEER FIRE COMPANY OCEAN CITY VOLUNTEER FIRE COMPANY, founded in 1926, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2020. Revenue surged 182% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 70% operating margin.

Mission

TO SUPPORT VOLUNTEER FIRE FIGHTERS, FIRE EXTINGUISHMENT, AND FIRE PREVENTION.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $1,842,926
Program Service Revenue $24,879
Investment Income $136,097
Other Revenue $48,830
TOTAL REVENUE $2,052,732

Expense Breakdown

Grants Paid $0
Salaries & Benefits $196,886
Fundraising Expenses $0
Program Expenses $612,152
Other Expenses $415,266
TOTAL EXPENSES $612,152

Year-over-Year Comparison

2020 2019 Change
Revenue $2,052,732 $728,984 +1.8%
Expenses $612,152 $673,552 -0.1%
Net Income $1,440,580 $55,432 +25.0%
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

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Governance

Voting Members
11
Independent Members
N/A
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
4
$26,600
Total Directors
14
$61,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES JESTER TREAS & ASST 30.00
Officer Director
$19,500 $0 $19,500
MAURICE CROPPER DIRECTOR 20.00
Director
$13,600 $0 $13,600
JOHN FISHER ASSISTANT CH 10.00
Director
$7,100 $0 $7,100
FREDERICK A SENGER IV PRESIDENT 5.00
Officer Director
$7,100 $0 $7,100
WILLIAM SAVAGE ASSISTANT CH 10.00
Director
$7,100 $0 $7,100
SCOTT SHUSTER PAST ASSISTA 5.00
Director
$3,250 $0 $3,250
PHIL TURK PAST SECRETA 5.00
Director
$3,250 $0 $3,250
JORDAN BRANIFF PAST CAPTAIN 5.00
Director
$600 $0 $600
FLETCHER CASE SECRETARY 10.00
Officer Director
$0 $0 $0
GREG DYPSKY DIRECTOR 5.00
Director
$0 $0 $0
DAVID HEDGES DIRECTOR 5.00
Director
$0 $0 $0
JOHN MCCALLISTER DIRECTOR 5.00
Director
$0 $0 $0
JERROLD PRIESTLY VICE PRESIDE 5.00
Officer Director
$0 $0 $0
MICHAEL TODD DIRECTOR 5.00
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
2021 $2,052,732 $612,152 $8,117,293 $1,440,580
2020 $728,984 $673,552 $6,691,366 $55,432
2019 $698,963 $777,263 $6,724,211 $-78,300
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