MIDWAY FIRE & RESCUE DEPT INC (EIN 561291353) - 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

1958

Legal Domicile

Phone

3368305011

Tax Period

2024-07-01 to 2025-06-30

MIDWAY FIRE & RESCUE DEPT INC, founded in 1958, is a community nonprofit in the Public Safety sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 11% surplus.

Mission

FIRE PROTECTION SERVICES

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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 $1,587,488

Program Service Revenue $0

Investment Income $20,851

Other Revenue $0

TOTAL REVENUE $1,608,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $971,849

Fundraising Expenses $0

Program Expenses $1,359,013

Other Expenses $452,605

TOTAL EXPENSES $1,424,454

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,608,339	$1,447,334	+0.1%
Expenses	$1,424,454	$1,317,143	+0.1%
Net Income	$183,885	$130,191	+0.4%

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

Employees

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 S CRAFT	CHIEF	50.00	Highest	$121,037	$0	$121,037
DANIEL FLEMING	TREASURER	3.00	Officer Director	$0	$0	$0
TIM HILL	SECRETARY	3.00	Officer Director	$0	$0	$0
ZACHARY MEDLIN	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVID WALSER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DANIEL BILLINGSLEY	DIRECTOR	3.00	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
2025	$1,608,339	$1,424,454	$1,869,794	$183,885
2024	$1,447,334	$1,317,143	$1,842,318	$130,191
2023	$1,238,448	$1,151,323	$1,825,537	$87,125
2022	$1,135,226	$1,107,862	$1,872,391	$27,364
2021	$1,030,326	$1,106,583	$1,746,846	$-76,257
2020	$1,221,153	$1,016,562	$1,139,081	$204,591
2019	$1,023,474	$977,576	$1,011,741	$45,898

MIDWAY FIRE & RESCUE DEPT INC