COVINGTON VOLUNTEER FIRE DEPARTMENT INC (EIN 742220341) - 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

1964

Legal Domicile

Phone

9728161822

Tax Period

2024-10-01 to 2025-09-30

COVINGTON VOLUNTEER FIRE DEPARTMENT INC, founded in 1964, is a small nonprofit in the Public Safety sector that reported $167K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $148K left a modest 11% surplus.

Mission

PROVIDE FIRE PROTECTION, PREVENTION, AND EDUCATION

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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 $105,248

Program Service Revenue $0

Investment Income $2,223

Other Revenue $59,560

TOTAL REVENUE $167,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $148,417

TOTAL EXPENSES $148,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,031	$243,449	-0.3%
Expenses	$148,417	$138,079	+0.1%
Net Income	$18,614	$105,370	-0.8%

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
SHALEST KARLICEK	PRESIDENT	10.00	Officer	$0	$0	$0
TIM MORRIS	VICE PRESIDENT	10.00	Officer	$0	$0	$0
KARL SHROCK	SECRETARY	10.00	Officer	$0	$0	$0
DUSTIN LEDBETTER	TREASURER	10.00	Officer	$0	$0	$0
BRAD JOHNSON	ASSISTANT FIRE CHIEF	10.00	Officer	$0	$0	$0
CHRIS LIDSTER	FIRE CHIEF	15.00	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	$167,031	$148,417	$545,852	$18,614
2024	No data	No data	No data	No data
2023	$132,539	$143,191	$434,892	$-10,652
2022	$100,958	$109,985	$458,303	$-9,027
2021	$336,325	$82,473	$469,141	$253,852
2019	$41,758	$77,355	$245,932	$-35,597
2018	$45,492	$76,983	$286,230	$-31,491

COVINGTON VOLUNTEER FIRE DEPARTMENT INC