Highland Lake Volunteer Fire Department Inc (EIN 900610465) - 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

1948

Legal Domicile

Principal Officer

Gerard P Finn

Phone

8455578788

Tax Period

2024-01-01 to 2024-12-31

Highland Lake Volunteer Fire Department Inc, founded in 1948, is a small nonprofit that reported $368K in total revenue in fiscal year 2024. Revenue surged 156% from the prior year, signaling strong growth momentum. The organization ran a surplus of $86K, a strong 23% operating margin.

Mission

Highland Lake Volunteer Fire Department Inc is dedicated to safeguarding the lives, property and environment of our community through exceptional services in education, preparedness, prevention and prompt response to emergency incidents

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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 $232,423

Program Service Revenue $0

Investment Income $128,498

Other Revenue $6,964

TOTAL REVENUE $367,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $276,730

Other Expenses $282,350

TOTAL EXPENSES $282,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$367,885	$143,761	+1.6%
Expenses	$282,350	$129,342	+1.2%
Net Income	$85,535	$14,419	+4.9%

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
Gerard P Finn	President	5	Officer Director	$0	$0	$0
Joseph Mellan	Vice President	5	Officer Director	$0	$0	$0
Susan Wade	Secretary	5	Officer Director	$0	$0	$0
Rachel Innella	Treasurer	5	Officer Director	$0	$0	$0
Warren Wagner	Chief	5	Officer Director	$0	$0	$0
Fred Bosch	Trustee	5	Officer Director	$0	$0	$0
David J Mellan	Trustee	5	Officer Director Key Emp	$0	$0	$0
John Vonsteenburg	Trustee	5	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	$367,885	$282,350	$1,301,858	$85,535
2023	$143,761	$129,342	$1,202,886	$14,419

Highland Lake Volunteer Fire Department Inc