LAKEWOOD VOLUNTEER FIRE DEPARTMENT… - Form 990 Financial Data

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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

1957

Legal Domicile

Principal Officer

Dennis Emmett

Phone

3047272451

Tax Period

2021-01-01 to 2021-12-31

LAKEWOOD VOLUNTEER FIRE DEPARTMENT INC, founded in 1957, is a micro nonprofit in the Public Safety sector that reported $91K in total revenue in fiscal year 2021. Revenue decreased 18% compared to the prior year. Expenses of $87K left a modest 5% surplus.

Mission

Provide fire protection and first responder function in our designated area and mutual aid for surrounding areas.

Program Service Accomplishments

Program 1

Expenses: $87,158 Revenue: $91,313

We have maintained the fire station and responding to fire and first responder requests.

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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 (2021)

Revenue Breakdown

Contributions & Grants $8,461

Program Service Revenue $82,576

Investment Income $276

Other Revenue $0

TOTAL REVENUE $91,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,158

Other Expenses $87,158

TOTAL EXPENSES $87,158

Year-over-Year Comparison

	2021	2020	Change
Revenue	$91,313	$110,693	-0.2%
Expenses	$87,158	$111,918	-0.2%
Net Income	$4,155	$-1,225	-4.4%

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

N/A

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
Bill Price	Chair of the Board	1	Director	$0	$0	$0
Paul O'Dell	Secretary	1	Director	$0	$0	$0
Dennis Emmett	Treasurer	1	Director	$0	$0	$0
Ed Karnes	Member	1	Director	$0	$0	$0
Roberta Dorsey	Member	1	Director	$0	$0	$0
Orin Davis	Member	1	Director	$0	$0	$0
Ed Fenimore	Member	1	Director	$0	$0	$0
Mike Childers	Fire Chief	5	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
2021	$91,313	$87,158	$702,447	$4,155

LAKEWOOD VOLUNTEER FIRE DEPARTMENT INC