Elkton Volunteer Fire Company Inc (EIN 900149470) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

Gary Smith

Phone

5402988555

Tax Period

2023-01-01 to 2023-12-31

Elkton Volunteer Fire Company Inc, founded in 1975, is a small nonprofit in the Public Safety sector that reported $211K in total revenue in fiscal year 2018. Expenses of $285K exceeded revenue, resulting in a 35% operating deficit.

Mission

Volunteer Fire Company

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $133,816

Program Service Revenue $0

Investment Income $3,852

Other Revenue $90,522

TOTAL REVENUE $228,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $330,564

Other Expenses $330,564

TOTAL EXPENSES $330,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,190	$197,809	+0.2%
Expenses	$330,564	$272,068	+0.2%
Net Income	$-102,374	$-74,259	+0.4%

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

N/A

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
Scott Lam	President	010.00	Officer Director	$0	$0	$0
Russell Steve Saum	Director	005.00	Director	$0	$0	$0
Jonathan Kibler	Director	005.00	Director	$0	$0	$0
Gary Smith	Treasurer	010.00	Officer Director	$0	$0	$0
Justin Davis	VIce-President	010.00	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	No data	No data	No data	No data
2023	$228,190	$330,564	$2,845,526	$-102,374
2022	$197,809	$272,068	$2,989,712	$-74,259
2021	$181,648	$322,595	$3,120,652	$-140,947
2020	$283,805	$273,965	$3,272,101	$9,840
2019	$462,860	$518,905	$3,299,553	$-56,045
2018	$210,611	$285,216	$3,391,340	$-74,605

Elkton Volunteer Fire Company Inc