SECRETARY VOLUNTEER FIRE COMPANY INC (EIN 526057257) - 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

1937

Legal Domicile

Principal Officer

JOSEPH HUGHES JR

Phone

4109433545

Tax Period

2024-01-01 to 2024-12-31

SECRETARY VOLUNTEER FIRE COMPANY INC, founded in 1937, is a small nonprofit in the Public Safety sector that reported $121K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23K, a strong 19% operating margin.

Mission

A VOLUNTEER FIRE COMPANY PROVIDING PUBLIC SAFETY, FIRE FIGHTING, AND AMBULANCE SERVICES TO THE TOWN OF SECRETARY, MD AND SURROUNDING AREAS OF DORCHESTER COUNTY, MD.

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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 $72,067

Program Service Revenue $2,376

Investment Income $170

Other Revenue $46,584

TOTAL REVENUE $121,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,942

Other Expenses $98,539

TOTAL EXPENSES $98,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$121,197	$86,522	+0.4%
Expenses	$98,539	$161,892	-0.4%
Net Income	$22,658	$-75,370	-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

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	Role	Reportable Comp	Other Comp	Total
MICHAEL DASHIELL	TRUSTEE	Director	$0	$0	$0
ROBERT QUATHAMER	TRUSTEE	Director	$0	$0	$0
JOSEPH HUGHES	CHIEF	Officer Director	$0	$0	$0
CASEY KIRWAN	SECRETARY	Officer	$0	$0	$0
JACOB DASHIELL	VICE PRESIDENT	Officer	$0	$0	$0
NICK LEWIS	PRESIDENT	Officer	$0	$0	$0
DEANNA DASHIELL	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	$121,197	$98,539	$570,976	$22,658
2023	$89,420	$146,547	$548,318	$-57,127
2023	$86,522	$161,892	$530,075	$-75,370
2022	$96,935	$75,890	$792,877	$21,045
2021	$104,691	$74,118	$771,832	$30,573
2020	$129,264	$92,293	$741,259	$36,971
2019	$124,164	$172,634	$731,485	$-48,470
2018	$142,677	$100,156	$864,943	$42,521

SECRETARY VOLUNTEER FIRE COMPANY INC