LASKER VOLUNTEER FIRE DEPARTMENT IN

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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

1978

Legal Domicile

Principal Officer

MICHAEL SUMNER

Phone

2525392782

Tax Period

2024-07-01 to 2025-06-30

LASKER VOLUNTEER FIRE DEPARTMENT IN, founded in 1978, is a micro nonprofit in the Public Safety sector that reported $98K in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $95K left a modest 3% surplus.

Mission

PREVENTION AND CONTROLL OF FIRES

Program Service Accomplishments

Program 1

Expenses: $94,027

ENGAGE IN THE BUSINESS OF FIRE FIGHTING AND THE PROTECTION OF LIFE AND PROPERTY FROM THREAT OF FIRE WHICH MAY OCCUR IN LASKER 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 $78,539

Program Service Revenue $0

Investment Income $5,432

Other Revenue $14,045

TOTAL REVENUE $98,016

Expense Breakdown

Grants Paid $986

Salaries & Benefits $960

Fundraising Expenses $0

Program Expenses $94,027

Other Expenses $92,764

TOTAL EXPENSES $94,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$98,016	$458,531	-0.8%
Expenses	$94,710	$72,186	+0.3%
Net Income	$3,306	$386,345	-1.0%

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
JUDY FARROW	TREASURER	1.00	Officer	$0	$0	$0
CAROLYN OUTLAND	SECRETARY	1.00	Officer	$0	$0	$0
BEN SLOAN	ASSISTANT CH	1.00	Officer	$0	$0	$0
MICHAEL SUMNER	CHIEF	1.00	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	$98,016	$94,710	$627,377	$3,306
2024	$458,531	$72,186	$624,071	$386,345