MADISON VOL FIRE CO INC (EIN 521980488) - 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

STANLEY NOLAND PRESIDENT

Phone

4102287179

Tax Period

2024-01-01 to 2024-12-31

MADISON VOL FIRE CO INC, founded in 1952, is a small nonprofit in the Public Safety sector that reported $114K in total revenue in fiscal year 2024. Net assets of $1.1M represent 113 months of operating reserves.

Mission

PROVISION OF VOLUNTEER FIRE FIGHTING SERVICE

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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 $96,042

Program Service Revenue $0

Investment Income $1,336

Other Revenue $16,860

TOTAL REVENUE $114,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,345

Other Expenses $124,345

TOTAL EXPENSES $124,345

Year-over-Year Comparison

	2024	2023	Change
Revenue	$114,238	$120,245	0.0%
Expenses	$124,345	$83,000	+0.5%
Net Income	$-10,107	$37,245	-1.3%

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

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
STANLEY NOLAND	PRESIDENT	1.00	Officer Director	$0	$0	$0
BENJAMIN A HORSEMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TAYLOR WERNER	SECRETARY	1.00	Officer Director	$0	$0	$0
ROB SUGGS	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
MARY HORSEMAN	TREASURER	1.00	Officer Director	$0	$0	$0
MATTHEW WERNER	CHIEF	1.00	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
2024	$114,238	$124,345	$1,256,063	$-10,107
2023	$120,245	$83,000	$1,277,681	$37,245
2022	$94,529	$86,293	$1,251,797	$8,236
2020	$128,207	$78,685	$1,204,971	$49,522
2019	$139,497	$73,924	$913,336	$65,573
2018	$115,080	$52,488	$847,763	$62,592

MADISON VOL FIRE CO INC