GORMAN VOLUNTEER FIRE DEPARTMENT (EIN 521676029) - 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

1952

Legal Domicile

Principal Officer

VIRGINIA S STEYER

Phone

3016161903

Tax Period

2025-01-01 to 2025-12-31

GORMAN VOLUNTEER FIRE DEPARTMENT, founded in 1952, is a small nonprofit that reported $229K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $57K, a strong 25% operating margin.

Mission

TO PROVIDE FIRE PROTECTION

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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 $206,863

Program Service Revenue $0

Investment Income $11,965

Other Revenue $10,490

TOTAL REVENUE $229,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $169,556

Other Expenses $171,835

TOTAL EXPENSES $171,835

Year-over-Year Comparison

	2025	2024	Change
Revenue	$229,318	$249,490	-0.1%
Expenses	$171,835	$188,176	-0.1%
Net Income	$57,483	$61,314	-0.1%

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
LARRY HARDESTY	PRESIDENT	20.00	Officer Director	$0	$0	$0
MICHAEL STEYER	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
JENNIFER LANDIS	SECRETARY	5.00	Officer Director	$0	$0	$0
JOHNNY MAYNE	CHIEF	20.00	Director	$0	$0	$0
JOHN MORELAND	DEPUTY CHIEF	0.00	Director	$0	$0	$0
ANDREW PRITTS	LIEUTENANT	0.00	Director	$0	$0	$0
VIRGINIA SUE STEYER	TREASURER	0.00	Officer Director	$0	$0	$0
JOHNNY MAYNE	DIRECTOR/CHIEF	0.00	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
2025	$229,318	$171,835	$574,291	$57,483
2024	No data	No data	No data	No data
2023	$182,154	$233,032	$512,977	$-50,878
2022	$202,694	$225,638	$576,041	$-22,944
2021	$183,705	$158,356	$630,350	$25,349
2020	$168,493	$153,985	$635,264	$14,508

GORMAN VOLUNTEER FIRE DEPARTMENT