OAKLAND VOLUNTEER FIRE DEPARTMENT … - Form 990 Financial Data

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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

1933

Legal Domicile

Principal Officer

DAVID PRESTON SHARPS

Phone

3015332315

Tax Period

2024-01-01 to 2024-12-31

OAKLAND VOLUNTEER FIRE DEPARTMENT INC, founded in 1933, is a small nonprofit in the Public Safety sector that reported $625K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $897K exceeded revenue, resulting in a 43% operating deficit.

Mission

PROVIDING FIRE PROTECTION TO THE RESIDENTS OF OAKLAND, MD AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $869,952 Revenue: $19,025

TO PROVIDE FIRE PROTECTION AND RELATED SERVICES TO THE RESIDENTS OF OAKLAND, MD AND SURROUNDING COMMUNITIES.

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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 $479,500

Program Service Revenue $4,605

Investment Income $57,479

Other Revenue $83,587

TOTAL REVENUE $625,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,949

Program Expenses $869,952

Other Expenses $896,720

TOTAL EXPENSES $896,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$625,171	$492,457	+0.3%
Expenses	$896,720	$296,396	+2.0%
Net Income	$-271,549	$196,061	-2.4%

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	Role	Reportable Comp	Other Comp	Total
ALEX MELLOTT	PRESIDENT	Officer Director	$0	$0	$0
TODD HETRICK	VICE PRESIDENT	Officer Director	$0	$0	$0
JOHN FEATHER	STANDING COMMITTEE	Director	$0	$0	$0
JUSTIN HINEBAUGH	STANDING COMMITTEE	Director	$0	$0	$0
ERNIE HINEBAUGH	STANDING COMMITTEE	Director	$0	$0	$0
GREG SKILES	STANDING COMMITTEE	Director	$0	$0	$0
TRINA DONOGHUE	STANDING COMMITTEE	Director	$0	$0	$0
MIKE SAUNDERS	SECRETARY	Officer	$0	$0	$0
DAVID PRESTON SHARPS	TREASURER	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
2024	$625,171	$896,720	$1,916,145	$-271,549
2023	$492,457	$296,396	$2,265,275	$196,061
2022	$322,196	$253,679	$2,143,030	$68,517
2021	$335,204	$152,725	$1,517,395	$182,479
2020	$268,416	$219,743	$1,323,785	$48,673
2019	$319,573	$255,744	$1,267,563	$63,829
2018	$438,271	$266,308	$1,195,024	$171,963

OAKLAND VOLUNTEER FIRE DEPARTMENT INC