WHEATFIELD VOLUNTEER FIRE DEPT INC (EIN 161689527) - 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

1961

Legal Domicile

Principal Officer

TIM NEMTUDA

Phone

2198161731

Tax Period

2024-01-01 to 2024-12-31

WHEATFIELD VOLUNTEER FIRE DEPT INC, founded in 1961, is a small nonprofit in the Public Safety sector that reported $119K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $215K exceeded revenue, resulting in a 81% operating deficit.

Mission

FIRE FIGHTING AND FIRE EDUCATION

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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 $1,585

Program Service Revenue $122,119

Investment Income $0

Other Revenue $-4,922

TOTAL REVENUE $118,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,198

Fundraising Expenses $0

Program Expenses $214,736

Other Expenses $200,538

TOTAL EXPENSES $214,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,782	$132,911	-0.1%
Expenses	$214,736	$270,221	-0.2%
Net Income	$-95,954	$-137,310	-0.3%

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

N/A

Independent Members

N/A

Employees

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
BARB FERGUSON	TREASURER	8.00	Officer	$0	$0	$0
MIKE FERGUSON	VICE PRESIDENT	8.00	Officer	$0	$0	$0
BILL DAVIS	PRESIDENT	8.00	Officer	$0	$0	$0
GREG DAVIS	BOARD MEMBER	8.00	Officer	$0	$0	$0
TIM NEMTUDA	SECRETARY	8.00	Officer	$0	$0	$0
TRENT VANDYKE	BOARD MEMBER	8.00	Officer	$0	$0	$0
LANCE SOLOMEY	BOARD MEMBER	8.00	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
2024	$118,782	$214,736	$413,341	$-95,954
2023	$132,911	$270,221	$600,729	$-137,310
2022	$506,753	$210,246	$759,279	$296,507
2021	$136,815	$152,616	$473,483	$-15,801
2020	$184,587	$215,893	$507,961	$-31,306
2019	$149,179	$116,221	$549,845	$32,958

WHEATFIELD VOLUNTEER FIRE DEPT INC