QUEEN ANNE-HILLSBORO VOLUNTEER FIRE COMPANY INC (EIN 526058100) - 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

1946

Legal Domicile

Principal Officer

PHIL STARKEY

Phone

4103645612

Tax Period

2023-01-01 to 2023-12-31

QUEEN ANNE-HILLSBORO VOLUNTEER FIRE COMPANY INC, founded in 1946, is a small nonprofit that reported $516K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $152K, a strong 29% operating margin.

Mission

TO PROVIDE FIRE, RESCUE, AND EMERGENCY MEDICAL SERVICES TO THE TOWNS OF QUEEN ANNE AND HILLSBORO AS WELL AS THE 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 (2023)

Revenue Breakdown

Contributions & Grants $458,791

Program Service Revenue $1,593

Investment Income $11,728

Other Revenue $44,357

TOTAL REVENUE $516,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $341,496

Other Expenses $364,269

TOTAL EXPENSES $364,269

Year-over-Year Comparison

	2023	2022	Change
Revenue	$516,469	$433,352	+0.2%
Expenses	$364,269	$321,466	+0.1%
Net Income	$152,200	$111,886	+0.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS DIFATTA	TREASURER	2.00	Officer Director	$0	$0	$0
KENNY HOPE	CHIEF	2.00	Officer Director	$0	$0	$0
DAWN STARKEY	SECRETARY	2.00	Officer Director	$0	$0	$0
PHIL STARKEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRENDA TWIGG	VICE PRES EM	2.00	Officer 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	No data	No data	No data	No data
2023	$516,469	$364,269	$2,693,218	$152,200
2022	$433,352	$321,466	$2,583,603	$111,886
2021	$408,000	$311,660	$2,629,737	$96,340
2020	$476,225	$304,003	$2,519,897	$172,222
2019	$385,874	$288,462	$2,422,213	$97,412
2018	$370,019	$282,949	$1,936,926	$87,070

QUEEN ANNE-HILLSBORO VOLUNTEER FIRE COMPANY INC