RHODESTOWN VOLUNTEER FIRE DEPARTME… - 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

1964

Legal Domicile

Principal Officer

MARTIN UPDEGRAFF

Phone

9103245327

Tax Period

2024-07-01 to 2025-06-30

RHODESTOWN VOLUNTEER FIRE DEPARTMENT INC, founded in 1964, is a small nonprofit that reported $415K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $479K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVIDE FIRE PROTECTION FOR CITIZENS AND BUSINESSES WITHIN THE FIRE DISTRICT AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $472,358 Revenue: $415,454

PROVIDE FIRE PROTECTION FOR CITIZENS AND BUSINESSES WITHIN THE FIRE DISTRICT AND SURROUNDING AREAS.

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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 $385,105

Program Service Revenue $11,192

Investment Income $2,852

Other Revenue $16,305

TOTAL REVENUE $415,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $472,358

Other Expenses $479,408

TOTAL EXPENSES $479,408

Year-over-Year Comparison

	2024	2023	Change
Revenue	$415,454	$647,342	-0.4%
Expenses	$479,408	$323,538	+0.5%
Net Income	$-63,954	$323,804	-1.2%

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

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
WAYNE PETTEWAY	PRESIDENT	5.00	Officer	$0	$0	$0
JR MARKS	CHIEF	5.00	Officer	$0	$0	$0
MARTIN UPDEGRAFF	TREASURER	5.00	Officer	$0	$0	$0
JEREMY SHIPP	DEPUTY FIRE CHIEF	5.00	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
2025	$415,454	$479,408	$5,699,386	$-63,954
2024	$647,342	$323,538	$4,813,428	$323,804
2023	$434,744	$194,667	$1,840,668	$240,077
2022	$236,218	$189,922	$1,097,537	$46,296
2021	$232,589	$172,041	$1,079,048	$60,548
2020	$236,461	$178,249	$1,044,327	$58,212
2019	$256,430	$159,137	$1,076,227	$97,293

RHODESTOWN VOLUNTEER FIRE DEPARTMENT INC