LAKE VOLUNTEER FIRE DEPARTMENT (EIN 550643608) - 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

1992

Legal Domicile

Principal Officer

MICHAEL DESKINS

Phone

3047841124

Tax Period

2024-01-01 to 2024-12-31

LAKE VOLUNTEER FIRE DEPARTMENT, founded in 1992, is a small nonprofit that reported $194K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $29K, a strong 15% operating margin.

Mission

THE ENTITY OPERATES A VOLUNTEER FIRE DEPARTMENT IN THE LAKE AREA OF LOGAN COUNTY.

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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 $193,851

Program Service Revenue $0

Investment Income $19

Other Revenue $0

TOTAL REVENUE $193,870

Expense Breakdown

Grants Paid $500

Salaries & Benefits $6,881

Fundraising Expenses $0

Program Expenses $164,493

Other Expenses $157,112

TOTAL EXPENSES $164,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$193,870	$243,326	-0.2%
Expenses	$164,493	$181,461	-0.1%
Net Income	$29,377	$61,865	-0.5%

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

N/A

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
MICHAEL DESKINS	TREASURER	15.00	Officer	$0	$0	$0
MICHAEL ALESHIRE	CHIEF	15.00	Officer	$0	$0	$0
ALLEN GORDON	PRESIDENT	10.00	Officer	$0	$0	$0
JOEY WILSON	VICE PRESIDENT	10.00	Officer	$0	$0	$0
JERRY BARKER	MEMBER	10.00	Officer	$0	$0	$0
JUSTIN AKERS	MEMBER	10.00	Officer	$0	$0	$0
T J BARKER	MEMBER	10.00	Officer	$0	$0	$0
SETH NICHOLS	MEMBER	10.00	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	$193,870	$164,493	$585,118	$29,377
2023	$243,326	$181,461	$546,941	$61,865
2022	$164,873	$120,285	$529,754	$44,588

LAKE VOLUNTEER FIRE DEPARTMENT