WEST LIBERTY VOLUNTEER FIRE DEPARTMENT INC (EIN 556024159) - 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

1957

Legal Domicile

Principal Officer

WILLIAM WAGNER

Phone

3044795003

Tax Period

2024-01-01 to 2024-12-31

WEST LIBERTY VOLUNTEER FIRE DEPARTMENT INC, founded in 1957, is a small nonprofit that reported $140K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Net assets of $436K represent 37 months of operating reserves.

Mission

FURNISH FIRE & EMERGENCY SERVICES TO THE COMMUNITY

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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 $86,908

Program Service Revenue $49,981

Investment Income $0

Other Revenue $3,468

TOTAL REVENUE $140,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $145,870

Other Expenses $145,870

TOTAL EXPENSES $145,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,357	$174,749	-0.2%
Expenses	$145,870	$155,270	-0.1%
Net Income	$-5,513	$19,479	-1.3%

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	Role	Reportable Comp	Other Comp	Total
WILLIAM WAGNER	PRESIDENT/TRUSTEE	Officer Director	$0	$0	$0
K ROBERT FOWLER	FIRE CHIEF	Director	$0	$0	$0
ROGER WEST	TRUSTEE	Director	$0	$0	$0
JAMES COMER	TRUSTEE	Director	$0	$0	$0
ELIZABETH WOLF	SECRETARY/TREASURER	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	$140,357	$145,870	$546,675	$-5,513
2023	$174,749	$155,270	$441,586	$19,479
2022	$135,577	$177,187	$483,508	$-41,610
2021	$353,296	$171,468	$567,591	$181,828
2020	$415,640	$306,652	$360,692	$108,988

WEST LIBERTY VOLUNTEER FIRE DEPARTMENT INC