2604 Volunteer Fire Department (EIN 742044612) - 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

1977

Legal Domicile

Tax Period

2022-09-01 to 2023-08-31

2604 Volunteer Fire Department, founded in 1977, is a micro nonprofit that reported $15K in total revenue in fiscal year 2022. Revenue surged 83% from the prior year, signaling strong growth momentum. Expenses of $32K exceeded revenue, resulting in a 118% operating deficit.

Mission

To provide fire protection in the Whitney area.

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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 (2022)

Revenue Breakdown

Contributions & Grants $14,520

Program Service Revenue $0

Investment Income $67

Other Revenue $0

TOTAL REVENUE $14,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,646

Other Expenses $31,850

TOTAL EXPENSES $31,850

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,587	$7,958	+0.8%
Expenses	$31,850	$23,703	+0.3%
Net Income	$-17,263	$-15,745	+0.1%

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
Kim Palasota	President	5.00	Officer	$0	$0	$0
Brenda Lindberg	Vice President	5.00	Officer	$0	$0	$0
Robert Palasota	Chief	5.00	Officer	$0	$0	$0
Robert Redden	Asst. Chief	5.00	Officer	$0	$0	$0
Sharon Schoeneman	Treasurer	5.00	Officer	$0	$0	$0
Diana Frederickson	Secretary	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
2023	$14,587	$31,850	$144,715	$-17,263
2022	$7,958	$23,703	$161,978	$-15,745
2021	$5,349	$23,573	$177,723	$-18,224
2020	$6,773	$25,924	$195,947	$-19,151
2019	$100,615	$28,722	$215,098	$71,893

2604 Volunteer Fire Department