LAKE IVIE VOLUNTEER FIRE DEPARTMENT

EIN: 752897773 501(c)(3) Human Services

Paint Rock, TX

Total Revenue
$283,369
Total Expenses
$318,215
Total Assets
$75,323
Net Assets
$75,323
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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
2014
Legal Domicile
TX
Principal Officer
MAGINER RICHARDSON
Tax Period
2023-01-01 to 2023-12-31

LAKE IVIE VOLUNTEER FIRE DEPARTMENT, founded in 2014, is a small nonprofit in the Human Services sector that reported $283K in total revenue in fiscal year 2023. Expenses of $318K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE OBJECTIVE OF THE DEPARTMENT SHALL BE SAVINGS LIVES, AND THE PROTECTION OF PROPERTY ENDANGERED BY FIRES AND OTHER DISASTERS, AND TO PROMOTE THE TEACHING AND PRACTICE OF FIRE PREVENTION AND PROTECTION

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $283,369
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $283,369

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $318,215
Other Expenses $318,215
TOTAL EXPENSES $318,215

Year-over-Year Comparison

2023 2022 Change
Revenue $283,369 N/A N/A
Expenses $318,215 N/A N/A
Net Income $-34,846 N/A N/A
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

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Governance

Voting Members
46
Independent Members
46
Employees
N/A
Volunteers
46

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAGINER RICHARDSON TREASURER 5.00
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
2023 $283,369 $318,215 $75,323 $-34,846
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