MIDDLETOWN VOLUNTEER FIRE COMPANY INC (EIN 526072749) - 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

1935

Legal Domicile

Principal Officer

JACOB LOVELESS

Phone

3013716907

Tax Period

2024-07-01 to 2025-06-30

MIDDLETOWN VOLUNTEER FIRE COMPANY INC, founded in 1935, is a small nonprofit in the Public Safety sector that reported $441K in total revenue in fiscal year 2024. Net assets of $2.2M represent 59 months of operating reserves.

Mission

PROVISION OF FIRE AND RESCUE SERVICES TO THE PUBLIC

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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 $184,886

Program Service Revenue $50,854

Investment Income $20,607

Other Revenue $184,664

TOTAL REVENUE $441,011

Expense Breakdown

Grants Paid $1,483

Salaries & Benefits $0

Fundraising Expenses $8,879

Program Expenses $414,245

Other Expenses $423,184

TOTAL EXPENSES $431,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$441,011	$445,543	0.0%
Expenses	$431,546	$409,237	+0.1%
Net Income	$9,465	$36,306	-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

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
JACOB LOVELESS	PRESIDENT	20.00	Officer Director	$0	$0	$0
NELSON BURNS	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
DEBORAH LOVELESS	SECRETARY	20.00	Officer Director	$0	$0	$0
LORI RUNION	ASST SECRETARY	20.00	Officer Director	$0	$0	$0
KIM KEFAUVER	TREASURER	20.00	Officer Director	$0	$0	$0
LISA MILLER	ASST TREASURER	10.00	Officer Director	$0	$0	$0
EUGENE ESTES	DIRECTOR	10.00	Director	$0	$0	$0
DAVID GOUKER	DIRECTOR	10.00	Director	$0	$0	$0
BRIAN BEAULIEU	DIRECTOR	10.00	Director	$0	$0	$0
JOHN KING	DIRECTOR	10.00	Director	$0	$0	$0
GAIL KOHLS	DIRECTOR	20.00	Director	$0	$0	$0
RANDY LEATHERMAN	DIRECTOR	10.00	Director	$0	$0	$0
BRENTON HARNE	FIRE CHIEF	20.00	Director	$0	$0	$0
JOSH LOVELESS	DEPUTY FIRE CHIEF	20.00	Director	$0	$0	$0
JASON LOVELESS	ASST FIRE CHIEF	20.00	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
2025	$441,011	$431,546	$3,374,347	$9,465
2024	$445,543	$409,237	$3,456,911	$36,306
2023	$452,127	$363,029	$3,509,112	$89,098
2022	$463,898	$324,743	$3,483,014	$139,155
2021	$741,544	$400,872	$3,428,078	$340,672
2020	$355,704	$353,742	$3,137,604	$1,962
2019	$457,900	$439,196	$3,175,718	$18,704
2018	$418,599	$418,410	$3,197,938	$189

MIDDLETOWN VOLUNTEER FIRE COMPANY INC