MIDDLE FORK VOLUNTEER FIRE DEPARTMENT INC (EIN 141903983) - 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

2004

Legal Domicile

Principal Officer

MONTY NEAL GIBSON

Phone

6063298604

Tax Period

2019-01-01 to 2019-12-31

MIDDLE FORK VOLUNTEER FIRE DEPARTMENT INC, founded in 2004, is a micro nonprofit in the Public Safety sector that reported $48K in total revenue in fiscal year 2019. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $12K, a strong 26% operating margin.

Mission

THE PURPOSE OF THE CORPORATION IS TO PROVIDE FIRE PROTECTION SERVICES FOR RESIDENCES OF DISTRICT NUMBER 1 OF MAGOFFIN COUNTY, KY AND TO ASSIST AS NEEDED WITH OTHER FIRE DEPARTMENTS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $48,073

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $48,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,683

Other Expenses $35,683

TOTAL EXPENSES $35,683

Year-over-Year Comparison

	2019	2018	Change
Revenue	$48,073	$41,469	+0.2%
Expenses	$35,683	$28,651	+0.2%
Net Income	$12,390	$12,818	0.0%

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

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
JOSEPH BINKOWSKI	VICE PRES	N/A	Officer	$0	$0	$0
JAMES S CASTLE	VICE PRES	N/A	Officer	$0	$0	$0
MONTY NEAL GIBSON	PRESIDENT	N/A	Officer	$0	$0	$0
SHELLY SWIGER	TREASURER	N/A	Officer	$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
2019	$48,073	$35,683	$92,278	$12,390
2018	$41,469	$28,651	$79,888	$12,818
2017	$15,855	$25,613	$83,056	$-9,758

MIDDLE FORK VOLUNTEER FIRE DEPARTMENT INC