LIPAN VOLUNTEER FIRE DEPARTMENT (EIN 752389140) - 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

1992

Legal Domicile

Principal Officer

CAMRY WARD

Phone

6822602926

Tax Period

2023-01-01 to 2023-12-31

LIPAN VOLUNTEER FIRE DEPARTMENT, founded in 1992, is a micro nonprofit in the Public Safety sector that reported $57K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $121K exceeded revenue, resulting in a 111% operating deficit.

Mission

THE LIPAN VOLUNTEER FIRE DEPARTMENT SERVICES THE CITY OF LIPAN AND SURROUNDING RURAL AREAS. EQUIPMENT AND MANPOWER ARE PROVIDED AS NEEDED TO OTHER UNITS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $56,718

Program Service Revenue $0

Investment Income $0

Other Revenue $399

TOTAL REVENUE $57,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $12,567

Program Expenses $88,830

Other Expenses $120,646

TOTAL EXPENSES $120,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,117	$111,143	-0.5%
Expenses	$120,646	$56,173	+1.1%
Net Income	$-63,529	$54,970	-2.2%

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
THOM KEVIN ANDREWS	CHIEF	10.00	Director	$0	$0	$0
JAMES WARD	ASSISTANT CHIEF	10.00	Director	$0	$0	$0
CAMRY WARD	TREASURER	10.00	Director	$0	$0	$0
CHERI MAY-BOENING	SECRETARY	10.00	Director	$0	$0	$0
JACOB BROOKS	MEMBER	10.00	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
2023	$57,117	$120,646	$595,008	$-63,529
2022	$111,143	$56,173	$601,767	$54,970

LIPAN VOLUNTEER FIRE DEPARTMENT