TIMBER LAKES VOLUNTEER FIRE DEPT INC (EIN 742090841) - 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

1970

Legal Domicile

Principal Officer

CHIEF JOSHUA KENNEDY

Phone

7134662559

Tax Period

2024-10-01 to 2025-09-30

TIMBER LAKES VOLUNTEER FIRE DEPT INC, founded in 1970, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $226K, a strong 17% operating margin.

Mission

FIRE FIGHTING & PREVENTION PROVIDES SERVICES TO EMERGENCY SERVICES DISTRICT #14 UNDER CONTRACT.

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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 $1,343,701

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,343,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $580,747

Fundraising Expenses $0

Program Expenses $981,976

Other Expenses $537,395

TOTAL EXPENSES $1,118,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,343,701	$1,151,083	+0.2%
Expenses	$1,118,142	$1,161,972	0.0%
Net Income	$225,559	$-10,889	-21.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA KENNEDY	CHIEF	40.00	Officer	$0	$0	$0
THOMAS BAXTER	ASST CHIEF	40.00	Officer	$0	$0	$0
JOSEPH FERRARA	TREASURER	10.00	Officer	$0	$0	$0
KENNY DENNIS	SECRETARY	4.00	Officer	$0	$0	$0
KYLE NEAL	MEMBER AT LARGE	4.00	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	$1,343,701	$1,118,142	$579,374	$225,559
2024	$1,151,083	$1,161,972	$351,331	$-10,889
2023	$1,123,927	$1,054,781	$362,592	$69,146
2022	$983,116	$881,573	$337,534	$101,543
2021	$584,867	$667,972	$191,318	$-83,105
2020	$532,924	$563,406	$274,328	$-30,482
2019	$459,510	$480,144	$339,035	$-20,634
2018	$401,977	$376,398	$340,660	$25,579

TIMBER LAKES VOLUNTEER FIRE DEPT INC