Lamar Volunteer Fire Department Inc (EIN 742295765) - 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

Principal Officer

Carl Stubbs

Phone

3617295003

Tax Period

2024-01-01 to 2024-12-31

Lamar Volunteer Fire Department Inc, founded in 1964, is a small nonprofit in the Public Safety sector that reported $268K in total revenue in fiscal year 2024. The organization ran a surplus of $45K, a strong 17% operating margin.

Mission

Provide Fire Protection to the citizens of Lamar and the surrounding 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 (2024)

Revenue Breakdown

Contributions & Grants $205,183

Program Service Revenue $0

Investment Income $19,515

Other Revenue $43,119

TOTAL REVENUE $267,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,788

Other Expenses $223,254

TOTAL EXPENSES $223,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$267,817	$277,156	0.0%
Expenses	$223,254	$260,482	-0.1%
Net Income	$44,563	$16,674	+1.7%

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

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
Carl Stubbs	President	20.00	Officer Director	$0	$0	$0
Tim Dorn	VP	10.00	Officer Director	$0	$0	$0
Karl Compton	Sec/Treas	20.00	Officer Director	$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
2024	$267,817	$223,254	$1,612,369	$44,563
2023	$277,156	$260,482	$1,563,451	$16,674
2022	$307,628	$195,004	$1,551,381	$112,624
2021	$249,154	$195,209	$1,441,979	$53,945
2020	$227,390	$191,518	$1,382,424	$35,872
2019	$281,631	$123,917	$1,340,152	$157,714
2018	$217,155	$180,779	$1,186,809	$36,376

Lamar Volunteer Fire Department Inc