TYRONE VOLUNTEER FIRE COMPANY INC (EIN 830451867) - 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

1950

Legal Domicile

Principal Officer

TRACEY LEWIS

Phone

6072923318

Tax Period

2024-01-01 to 2024-12-31

TYRONE VOLUNTEER FIRE COMPANY INC, founded in 1950, is a small nonprofit in the Public Safety sector that reported $221K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $41K, a strong 19% operating margin.

Mission

THE FIRE COMPANY WAS ORGANIZED TO PROVIDE PROTECTION OF LIFE AND PROPERTY FROM FIRE, AS WELL AS TREATMENT AND TRANSPORTATION OF THE INJURED AND ILL, IN AND AROUND THE TOWNSHIP OF TYRONE, SCHUYLER COUNTY, NEW YORK. THE FIRE COMPANY MAINTAINS FIREFIGHTING AND RESCUE EQUIPMENT AND ORGANIZES A FORCE OF VOLUNTEERS WHO RESPOND TO EMERGENCY INCIDENTS. THE FIRE COMPANY'S ACTIVITIES ARE FUNDED PRIMARILY BY GOVERNMENT GRANTS AND MONETARY DONATIONS FROM THE GENERAL PUBLIC.

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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 $11,029

Program Service Revenue $182,198

Investment Income $3,238

Other Revenue $24,675

TOTAL REVENUE $221,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $169,860

Other Expenses $179,655

TOTAL EXPENSES $179,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$221,140	$194,118	+0.1%
Expenses	$179,655	$173,030	+0.0%
Net Income	$41,485	$21,088	+1.0%

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
TRACEY LEWIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
BILL HUEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LORI KENNEDY	SECRETARY	2.00	Officer Director	$0	$0	$0
WILLIAM KENNEDY SR	CHIEF AND DIRECTOR	5.00	Officer Director	$0	$0	$0
WILLIAM KENNEDY JR	1ST ASST CHIEF	2.00	Officer Director	$0	$0	$0
CHELSEA BAILEY	AMBULANCE CAPTAIN	2.00	Officer Director	$0	$0	$0
MIKE WOOD	2ND ASST CHIEF	2.00	Officer Director	$0	$0	$0
REGAN MATWIEJOW	AMBULANCE LIEUTENANT	1.00	Officer Director	$0	$0	$0
DARYL KELLY	TREASURER	2.00	Officer Director	$0	$0	$0
GEORGE LEWIS	FIRE POLICE CAPTAIN	1.00	Officer Director	$0	$0	$0
TOM DYKES	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN TORMY	FIRE CAPTAIN	2.00	Officer Director	$0	$0	$0
JAMES KENNEDY	FIRE LIEUTENANT	2.00	Officer Director	$0	$0	$0
BILL MEEHAN	DEPUTY CHIEF	2.00	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
2025	No data	No data	No data	No data
2024	$221,140	$179,655	$1,065,382	$41,485
2023	$194,118	$173,030	$1,023,897	$21,088
2022	$188,650	$179,771	$1,031,768	$8,879
2021	$209,162	$209,136	$1,059,704	$26
2020	$198,628	$164,645	$1,129,305	$33,983
2019	$181,425	$213,276	$1,131,988	$-31,851
2018	$202,042	$208,108	$1,198,806	$-6,066

TYRONE VOLUNTEER FIRE COMPANY INC