KLEIN VOLUNTEER FIRE DEPARTMENT (EIN 742067757) - 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

1978

Legal Domicile

Principal Officer

BARRY BLUM

Phone

2813764449

Tax Period

2022-01-01 to 2022-12-31

KLEIN VOLUNTEER FIRE DEPARTMENT, founded in 1978, is a community nonprofit in the Public Safety sector that reported $2.8M in total revenue in fiscal year 2022. Revenue fell 43% from the prior year — a significant decline worth monitoring.

Mission

MAINTAINS A FIRE DEPARTMENT FOR THE PURPOSE OF PRESERVING AND PROTECTING PROPERTY AND LIFE FROM FIRE OR EMERGENCY

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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 $2,764,215

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,764,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,510,137

Fundraising Expenses $0

Program Expenses $2,746,850

Other Expenses $342,901

TOTAL EXPENSES $2,853,038

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,764,215	$4,812,955	-0.4%
Expenses	$2,853,038	$5,025,533	-0.4%
Net Income	$-88,823	$-212,578	-0.6%

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

225

Volunteers

N/A

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

$7,310

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GOSSELIN	FORMER FIRE CHIEF	040.00	Highest	$79,230	$0	$79,230
CODY PSENICK	TREASURER	001.00	Officer	$6,250	$0	$6,250
BARRY BLUM	PRESIDENT	001.00	Officer	$590	$0	$590
MATT PENTIFALLO	1ST VP	001.00	Officer	$240	$0	$240
WENDY RAY	SECRETARY	001.00	Officer	$230	$0	$230

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
2022	$2,764,215	$2,853,038	$16,969	$-88,823
2021	$4,812,955	$5,025,533	$225,950	$-212,578
2020	$4,641,964	$4,560,507	$402,822	$81,457
2019	$4,883,175	$4,853,796	$284,520	$29,379
2018	$5,409,647	$5,411,469	$261,619	$-1,822

KLEIN VOLUNTEER FIRE DEPARTMENT