SMITH MOUNTAIN LAKE MARINE VOL FIRE CO INC

EIN: 541550009 501(c)(3) Recreation & Sports

HARDY, VA

Total Revenue
$368,255
Total Expenses
$196,835
Total Assets
$2,391,560
Net Assets
$1,973,403
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
VA
Principal Officer
JOHN HONAKER
Phone
5407215585
Tax Period
2024-01-01 to 2024-12-31

Smith Mountain Lake Marine Vol Fire Co Inc, founded in 1975, is a small nonprofit in the Recreation & Sports sector that reported $221K in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $104K, a strong 47% operating margin.

Mission

VOLUNTEER MARINE FIRE & RESCUE RESPONSIBLE FOR ALL FIRE, RESCUE AND EMERGENCY MEDICAL SERVICES AROUND 20,600 ACRE SMITH MOUNTAIN LAKE. ALSO PROVIDE CRITICAL SUPPORT SERVICES TO LAND BASED COUNTERPARTS IN 3 COUNTIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $363,838
Program Service Revenue $0
Investment Income $4,417
Other Revenue $0
TOTAL REVENUE $368,255

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $7,270
Program Expenses $174,797
Other Expenses $196,735
TOTAL EXPENSES $196,835

Year-over-Year Comparison

2024 2023 Change
Revenue $368,255 $276,395 +0.3%
Expenses $196,835 $168,428 +0.2%
Net Income $171,420 $107,967 +0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
43
Independent Members
41
Employees
N/A
Volunteers
50

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
12
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE BURK AT LARGE N/A
Officer Director
$0 $0 $0
DAVE EBERLE AT LARGE N/A
Officer Director
$0 $0 $0
JOHN HONAKER PRESIDENT N/A
Officer Director
$0 $0 $0
ROBERT LYNCH AT LARGE N/A
Officer Director
$0 $0 $0
SADIE WALLACE TREASURER N/A
Officer Director
$0 $0 $0
JASON HALM DEPUTY CHIEF N/A
Officer
$0 $0 $0
JOHN HONAKER DEPUTY CHIEF N/A
Officer
$0 $0 $0
ROBERT LYNCH CAPTAIN N/A
Officer
$0 $0 $0
TODD OHLERICH CHIEF N/A
Officer
$0 $0 $0
CHAD QUINN CAPTAIN N/A
Officer
$0 $0 $0
RAY TALLEY ASSISTANT CH N/A
Officer
$0 $0 $0
PEGGY WALLACE SECRETARY 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
2024 $368,255 $196,835 $2,391,560 $171,420
2023 $276,395 $168,428 $1,942,612 $107,967
2022 $258,255 $162,904 $1,712,400 $95,351
2021 $228,866 $176,116 $1,613,980 $52,750
2020 $283,022 $235,521 $1,554,559 $47,501
2019 $248,766 $185,393 $1,459,069 $63,373
2018 $220,771 $116,528 $1,319,466 $104,243
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