CHINCOTEAGUE VOLUNTEER FIRE CO INC

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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

1924

Legal Domicile

Principal Officer

WILLIAM J TARR

Phone

7573363138

Tax Period

2025-01-01 to 2025-12-31

CHINCOTEAGUE VOLUNTEER FIRE CO INC, founded in 1924, is a community nonprofit in the Public Safety sector that reported $2.4M in total revenue in fiscal year 2025. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $964K, a strong 40% operating margin.

Mission

THE ORGANIZATION IS A VOLUNTEER FIRE COMPANY ORGANIZED FOR THE PURPOSE OF PROVIDING PROTECTION OF PROPERTY AND LIVES IN THE SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $1,268,032 Revenue: $421,838

VOLUNTEER FIRE AND RESCUE SQUAD SERVING THE CITIZENS OF CHINCOTEAGUE VIRGINIA PLUS NEIGHBORING COMMUNITIES ON THE EASTERN SHORE OF VIRGINIA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $430,154

Program Service Revenue $409,791

Investment Income $10,070

Other Revenue $1,571,386

TOTAL REVENUE $2,421,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,268,032

Other Expenses $1,457,375

TOTAL EXPENSES $1,457,375

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,421,401	$1,548,840	+0.6%
Expenses	$1,457,375	$1,974,032	-0.3%
Net Income	$964,026	$-425,192	-3.3%

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
DENISE BOWDEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEX TUCKER	PRESIDENT/DEPUTY CHIEF	5.00	Officer Director	$0	$0	$0
NOAH JESTER	SECRETARY	1.00	Officer Director	$0	$0	$0
JAY JEFFRIES	ASSISTANT SECRETARY	0.50	Officer Director	$0	$0	$0
WILLIAM TARR	TREASURER	10.00	Officer Director	$0	$0	$0
MARTY BIRCH JR	ASSISTANT TREASURER	5.00	Officer Director	$0	$0	$0
BOBBY LAPPIN	FIRE CHIEF	0.50	Director	$0	$0	$0
SAM RICHARDSON	CHIEF ENGINEER	0.50	Director	$0	$0	$0
HUNTER LEONARD	1ST ASSISTANT CHIEF ENGINEER/PUBLIC RELATIONS	0.50	Director	$0	$0	$0
CODY BRITTON	2ND ASSISTANT CHIEF ENGINEER	0.50	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	$2,421,401	$1,457,375	$4,989,884	$964,026
2024	$1,548,840	$1,974,032	$4,655,283	$-425,192
2023	$1,287,503	$1,152,897	$5,202,992	$134,606
2022	$1,423,555	$1,511,682	$795,843	$-88,127
2021	$947,419	$1,355,225	$884,811	$-407,806
2020	$1,087,109	$889,724	$1,291,026	$197,385
2019	$1,557,120	$1,623,934	$1,127,428	$-66,814
2018	$3,778,684	$3,447,025	$1,186,119	$331,659