LAY LAKE VOLUNTEER FIRE DEPARTMENT

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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

1990

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

LAY LAKE VOLUNTEER FIRE DEPARTMENT, founded in 1990, is a small nonprofit in the Public Safety sector that reported $145K in total revenue in fiscal year 2023. Revenue surged 113% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32K, a strong 22% operating margin.

Mission

FOR THE PURPOSE OF PROVIDING PROTECTION FOR THE AREA WITH THE HOPES OF REDUCING DAMAGES OR LOSS OF LIFE BY FIRES AND THE USE OF EQUIPMENT TO RESCUE PERSONS FROM ACCIDENTS.

Program Service Accomplishments

Program 1

Expenses: $53,238

ALL INCOME RECEIVED THIS YEAR WAS NORMAL TAXES, DONATIONS AND COMMISSION FEES. THE TOTAL OF ACTUAL EXPENSES FOR THE YEAR WERE $54,262 AND THE ADDITIONAL AMOUNT OF THE $58,875 WAS THE DEPRECIATION FOR...

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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 (2023)

Revenue Breakdown

Contributions & Grants $142,335

Program Service Revenue $0

Investment Income $2,449

Other Revenue $229

TOTAL REVENUE $145,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,238

Other Expenses $113,137

TOTAL EXPENSES $113,137

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,013	$68,112	+1.1%
Expenses	$113,137	$101,497	+0.1%
Net Income	$31,876	$-33,385	-2.0%

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
TIMOTHY R BUTLER	FIRE CHIEF	20.00	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	No data	No data	No data	No data
2023	$145,013	$113,137	$430,485	$31,876
2022	$68,112	$101,497	$614,420	$-33,385
2021	$87,311	$98,951	$591,245	$-11,640
2020	$49,620	$87,537	$337,856	$-37,917
2019	$59,113	$96,178	$378,159	$-37,065
2018	$57,286	$123,797	$424,485	$-66,511