VOLUNTEER FIRE COMPANY NUMBER ONE OF LAUREL MARYLAND INC (EIN 526043269) - 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

1902

Legal Domicile

Principal Officer

VIC WHIPPLE

Phone

3017763600

Tax Period

2024-07-01 to 2025-06-30

VOLUNTEER FIRE COMPANY NUMBER ONE OF LAUREL MARYLAND INC, founded in 1902, is a small nonprofit in the Public Safety sector that reported $476K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $422K left a modest 11% surplus.

Mission

FIRE, RESCUE & EMERGENCY MEDICAL SERVICES

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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 $258,049

Program Service Revenue $9,405

Investment Income $205,228

Other Revenue $3,456

TOTAL REVENUE $476,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,043

Program Expenses $323,457

Other Expenses $421,556

TOTAL EXPENSES $421,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$476,138	$615,710	-0.2%
Expenses	$421,556	$401,432	+0.1%
Net Income	$54,582	$214,278	-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

150

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
VIC WHIPPLE	PRESIDENT/CHAIRPERSON	15.00	Officer Director	$0	$0	$0
BRAD LOVELL	TRUSTEE	3.00	Director	$0	$0	$0
TOMMY SCAGGS	TRUSTEE	3.00	Director	$0	$0	$0
DOVE ROBISON	TRUSTEE	3.00	Director	$0	$0	$0
RICK BITTINGER	TRUSTEE	3.00	Director	$0	$0	$0
MICHAEL REARDON	TRUSTEE	3.00	Director	$0	$0	$0
JOHN FAIRALL	TRUSTEE	3.00	Director	$0	$0	$0
GREGORY METTE	TRUSTEE	3.00	Director	$0	$0	$0
ALLAN BILLE	TRUSTEE	3.00	Director	$0	$0	$0
WESLEY BURNS JR	VICE PRESIDENT - SR	5.00	Officer	$0	$0	$0
JOHN MAHER JR	VICE PRESIDENT - JR	5.00	Officer	$0	$0	$0
MIKE SELLNER	SECRETARY	5.00	Officer	$0	$0	$0
JANETTE LOVELL	FINANCIAL SECRETARY	5.00	Officer	$0	$0	$0
ROSA MAHER	TREASURER	5.00	Officer	$0	$0	$0
CAREEN KOUBECK	RECORDING SECRETARY	5.00	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
2025	$476,138	$421,556	$5,022,833	$54,582
2024	$615,710	$401,432	$4,829,113	$214,278
2023	$553,404	$395,724	$4,633,399	$157,680
2022	$595,737	$421,386	$4,297,351	$174,351
2021	$481,945	$361,643	$4,711,546	$120,302
2020	$787,283	$440,029	$4,190,799	$347,254
2019	$411,839	$471,909	$3,903,789	$-60,070
2018	$657,755	$446,567	$3,959,004	$211,188

VOLUNTEER FIRE COMPANY NUMBER ONE OF LAUREL MARYLAND INC