Gainesboro Volunteer Fire Company (EIN 546055639) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Principal Officer

Mark McDonald

Phone

5403362203

Tax Period

2023-01-01 to 2023-12-31

Gainesboro Volunteer Fire Company, founded in 1958, is a small nonprofit that reported $243K in total revenue in fiscal year 2018. Expenses of $212K left a modest 13% surplus.

Mission

Fire prevention and protection

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $226,219

Program Service Revenue $65,221

Investment Income $2,284

Other Revenue $59,392

TOTAL REVENUE $353,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $247,746

Other Expenses $281,227

TOTAL EXPENSES $281,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,116	$318,432	+0.1%
Expenses	$281,227	$242,710	+0.2%
Net Income	$71,889	$75,722	-0.1%

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

100

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
Mark McDonald	President	5.00	Officer Director	$0	$0	$0
Frank Roy	Director	0.00	Director	$0	$0	$0
Donnie Light	Director	0.00	Director	$0	$0	$0
Jamie Boone	Vice President	0.00	Officer Director	$0	$0	$0
Shaun Deblasio	Membership Ch.	1.00	Officer Director	$0	$0	$0
Jackie Venskoske	Asst. Secretary	1.00	Officer Director	$0	$0	$0
Hillary Niemeier	Secretary	5.00	Officer Director	$0	$0	$0
Tanya Holliday	Treasurer	5.00	Officer Director	$0	$0	$0
Trisha Roy	Asst. Treasurer	5.00	Officer Director	$0	$0	$0
Mark Mason	Director	0.00	Director	$0	$0	$0
Logan Himelright	Director	0.00	Director	$0	$0	$0
James Jesionkowski	Director	0.00	Director	$0	$0	$0
Donald Jackson	Director	0.00	Director	$0	$0	$0
Jim Wisdo	Director	0.00	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
2024	No data	No data	No data	No data
2023	$353,116	$281,227	$751,525	$71,889
2022	$318,432	$242,710	$679,635	$75,722
2021	$264,996	$132,657	$603,913	$132,339
2020	$248,057	$220,634	$471,574	$27,423
2020	$252,772	$225,349	$471,574	$27,423
2019	$209,077	$229,044	$444,151	$-19,967
2018	$243,121	$211,992	$464,118	$31,129

Gainesboro Volunteer Fire Company