WATERFRONT VOLUNTEER FIRE DEPARTMENT INC (EIN 010760544) - 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

2002

Principal Officer

COLEMAN D WILKINSON

Phone

2565824895

Tax Period

2024-01-01 to 2024-09-30

WATERFRONT VOLUNTEER FIRE DEPARTMENT INC, founded in 2002, is a small nonprofit in the Public Safety sector that reported $135K in total revenue in fiscal year 2019. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 40% operating margin.

Mission

VOLUNTEER FIRE DEPARTMENT

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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 (2024)

Revenue Breakdown

Contributions & Grants $37,631

Program Service Revenue $0

Investment Income $1,331

Other Revenue $0

TOTAL REVENUE $38,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,596

Other Expenses $92,596

TOTAL EXPENSES $92,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,962	$99,762	-0.6%
Expenses	$92,596	$115,331	-0.2%
Net Income	$-53,634	$-15,569	+2.4%

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

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
MICHELE EDWARDS	FIRE CHIEF	2.00	Director	$0	$0	$0
CLIFFORD BALZLI JR	BOARD MEMBER	1.00	Director	$0	$0	$0
MORGAN KUNZ	TREASURER	2.00	Officer Director	$0	$0	$0
SHELIA MILLICAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSK NOACK	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CC PULLEN	SECRETARY	2.00	Officer Director	$0	$0	$0
COLEMAN D WILKINSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
NATALIE WILLIAMS	BOARD MEMBER	1.00	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
2024	$38,962	$92,596	$582,626	$-53,634
2023	$99,762	$115,331	$650,461	$-15,569
2022	$38,371	$52,514	$552,423	$-14,143
2021	$63,092	$77,147	$573,717	$-14,055
2020	$85,881	$98,988	$593,051	$-13,107
2019	$135,027	$80,633	$540,036	$54,394

WATERFRONT VOLUNTEER FIRE DEPARTMENT INC