Westlake Volunteer Fire Department Inc (EIN 741862375) - 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

1976

Legal Domicile

Principal Officer

Joe Driver

Phone

2814920560

Tax Period

2023-01-01 to 2023-12-31

Westlake Volunteer Fire Department Inc, founded in 1976, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $4.2M left a modest 6% surplus.

Mission

Fire Fighting & EMS 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 (2023)

Revenue Breakdown

Contributions & Grants $102,947

Program Service Revenue $4,319,318

Investment Income $20,689

Other Revenue $0

TOTAL REVENUE $4,442,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,278,722

Fundraising Expenses $0

Program Expenses $4,071,882

Other Expenses $1,903,201

TOTAL EXPENSES $4,181,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,442,954	$3,644,392	+0.2%
Expenses	$4,181,923	$3,608,767	+0.2%
Net Income	$261,031	$35,625	+6.3%

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

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

$117,884

Total Directors

Key Employees

$77,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Driver	President	12.00	Officer	$15,555	$0	$15,555
Colby Hughes	Vice President	12.00	Officer	$11,635	$0	$11,635
JP Pean	2nd Vice President	12.00	Officer	$10,443	$0	$10,443
Mark Lindley	Treasurer	12.00	Officer	$3,251	$0	$3,251
Ginny Valls	Secretary	40.00	Officer Key Emp	$77,000	$0	$77,000

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	$4,442,954	$4,181,923	$1,209,002	$261,031
2022	$3,644,392	$3,608,767	$1,343,724	$35,625
2021	$3,463,119	$3,794,998	$1,354,697	$-331,879
2020	$3,033,663	$3,321,861	$1,763,948	$-288,198
2019	$3,109,064	$3,222,207	$2,276,403	$-113,143
2018	$3,032,238	$3,054,301	$2,337,213	$-22,063

Westlake Volunteer Fire Department Inc