GERMANTOWN VOLUNTEER FIRE DEPARTMENT INCORPORATED

EIN: 521645438

GERMANTOWN, MD

Total Revenue
$115,717
Total Expenses
$113,710
Total Assets
$1,411,867
Net Assets
$1,410,715
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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
1989
Legal Domicile
MD
Principal Officer
MATTHEW HERMANSON
Phone
2407734729
Tax Period
2023-07-01 to 2024-06-30

GERMANTOWN VOLUNTEER FIRE DEPARTMENT INCORPORATED, founded in 1989, is a small nonprofit that reported $116K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $1.4M represent 146 months of operating reserves.

Mission

THE ORGANIZATION PROTECTS THE CITIZENS AND PROPERTY IN THE GERMANTOWN AREA OF MONTGOMERY COUNTY MARYLAND.

Program Service Accomplishments

Program 1
Expenses: $57,354 Revenue: $0

MEMBERS RENDER ASSISTANCE IN EMERGENCIES, GIVE AID TO THE SICK OR INJURED, AND INFLUENCE COMMUNITY AWARNESS OF THE PREVENTION OF FIRE AND ACCIDENTS.

Program 2
Expenses: $0 Revenue: $0

MEMBERS CONDUCT FREE COMMUNITY CLASSES IN CPR, HOME SAFETY, SAFE BABYSITTING, AND FIRE PROTECTION IN SCHOOLS.

Program 3
Expenses: $0 Revenue: $0

MEMBERS CONDUCT SAFETY INSPECTIONS OF COMMERCIAL AND INDUSTRIAL FACILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $110,333
Program Service Revenue $0
Investment Income $5,384
Other Revenue $0
TOTAL REVENUE $115,717

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $15,932
Program Expenses $57,354
Other Expenses $113,710
TOTAL EXPENSES $113,710

Year-over-Year Comparison

2023 2022 Change
Revenue $115,717 $98,447 +0.2%
Expenses $113,710 $77,137 +0.5%
Net Income $2,007 $21,310 -0.9%
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
9
Independent Members
9
Employees
N/A
Volunteers
75

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW HERMANSON PRESIDENT 5
Officer Director
$0 $0 $0
CAROLYN BURKE VICE-PRESIDENT 2
Officer Director
$0 $0 $0
LA WON ANICAMA TREASURER 5
Officer Director
$0 $0 $0
KARRAH BENSON SECRETARY 3
Officer Director
$0 $0 $0
NATE HAUSER FIRE/RESCUE CHIEF 3
Officer Director
$0 $0 $0
BRIAN JONES DIRECTOR 2
Director
$0 $0 $0
SAHAR WAHED DIRECTOR 2
Director
$0 $0 $0
VICTOR MELENDEZ-COLON DIRECTOR 2
Director
$0 $0 $0
DAN POULIN DIRECTOR 2
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 $132,844 $178,420 $1,368,381 $-45,576
2024 $115,717 $113,710 $1,411,867 $2,007
2023 $98,447 $77,137 $1,238,594 $21,310
2022 $118,620 $18,139 $1,216,955 $100,481
2021 $135,219 $39,943 $1,117,401 $95,276
2020 $226,838 $50,967 $1,021,219 $175,871
2019 $298,171 $103,180 $845,655 $194,991
2018 $189,870 $177,049 $650,850 $12,821
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