GALENA VOLUNTEER FIRE COMPANY INC

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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

1945

Legal Domicile

Principal Officer

STEVE BISBEE

Phone

4106485050

Tax Period

2025-01-01 to 2025-12-31

GALENA VOLUNTEER FIRE COMPANY INC, founded in 1945, is a small nonprofit that reported $558K in total revenue in fiscal year 2025. Revenue surged 27% from the prior year, signaling strong growth momentum. Net assets of $1.5M represent 31 months of operating reserves.

Mission

TO SERVE AND PROTECT

Program Service Accomplishments

Program 1

Expenses: $18,437

VOLUNTEER FIRE COMPANY WHICH PROVIDED EMERGENCY RESCUE AND SAFETY SERVICES TO COMMUNITIES IN AND AROUND KENT COUNTY, MARYLAND.

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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 $305,252

Program Service Revenue $137,201

Investment Income $49,723

Other Revenue $65,368

TOTAL REVENUE $557,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $552,167

Other Expenses $590,159

TOTAL EXPENSES $590,159

Year-over-Year Comparison

	2025	2024	Change
Revenue	$557,544	$437,419	+0.3%
Expenses	$590,159	$434,796	+0.4%
Net Income	$-32,615	$2,623	-13.4%

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

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
SUE BISBEE	DIRECTOR	N/A	Director	$0	$0	$0
GINGER CAMP	DIRECTOR	N/A	Director	$0	$0	$0
JEFF HALEY	DIRECTOR	N/A	Director	$0	$0	$0
BERT PIASECKI	FIRE CHIEF	N/A	Director	$0	$0	$0
CHRIS POWELL	DIRECTOR	N/A	Director	$0	$0	$0
PAT POWELL	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT RODNEY	DIRECTOR	N/A	Director	$0	$0	$0
JENNA BERLEN	SECRETARY	N/A	Officer	$0	$0	$0
STEVE BISBEE	PRESIDENT	N/A	Officer	$0	$0	$0
ETHEL DUHAMELL	TREASURER	N/A	Officer	$0	$0	$0
JACK DUHAMELL	VICE PRESIDE	N/A	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	$557,544	$590,159	$2,347,250	$-32,615
2024	$437,418	$434,792	$1,892,740	$2,626
2023	$500,597	$361,063	$1,975,242	$139,534
2022	$410,801	$316,478	$1,921,534	$94,323
2021	$408,735	$311,040	$1,945,799	$97,695
2020	$622,902	$379,127	$1,882,360	$243,775
2019	$300,625	$344,010	$1,712,870	$-43,385
2018	$295,125	$345,202	$1,826,224	$-50,077