SOUTHPORT VOLUNTEER FIREMEN INC (EIN 166028286) - 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

1944

Legal Domicile

Principal Officer

MIKE DERIGGE

Phone

6077337599

Tax Period

2023-01-01 to 2023-12-31

SOUTHPORT VOLUNTEER FIREMEN INC, founded in 1944, is a small nonprofit in the Public Safety sector that reported $362K in total revenue in fiscal year 2023. Expenses of $445K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE FIRE PROTECTION AND EMERGENCY SERVICES TO THE RESIDENTS OF THE TOWN OF SOUTHPORT FIRE DISTRICT #1.

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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 (2023)

Revenue Breakdown

Contributions & Grants $344,663

Program Service Revenue $0

Investment Income $11,736

Other Revenue $5,999

TOTAL REVENUE $362,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $381,016

Other Expenses $445,265

TOTAL EXPENSES $445,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$362,398	$343,401	+0.1%
Expenses	$445,265	$377,414	+0.2%
Net Income	$-82,867	$-34,013	+1.4%

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
MIKE DERIGGE	CHAIR	10.00	Officer Director	$0	$0	$0
RANDALL BROWN	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
DANIEL SMITH	TREASURER	5.00	Officer Director	$0	$0	$0
JAMES PAGE	SECRETARY	5.00	Officer Director	$0	$0	$0
HERBERT FURMEN III	DIRECTOR	5.00	Director	$0	$0	$0
JAMES ALLINGTON	CHIEF	10.00	Officer Director	$0	$0	$0
SHERI ALLINGTON	DIRECTOR	5.00	Director	$0	$0	$0
ERIC NYBECK	DIRECTOR	5.00	Director	$0	$0	$0
BRANDON RICKS	DIRECTOR	5.00	Director	$0	$0	$0
TIMOTHY SWEENEY	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN LIVERMORE	PRESIDENT	5.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$362,398	$445,265	$1,984,103	$-82,867
2022	$343,401	$377,414	$2,207,094	$-34,013
2021	$341,643	$333,081	$2,307,743	$8,562
2020	$337,337	$324,979	$2,363,631	$12,358
2019	$350,608	$311,288	$2,413,609	$39,320
2018	$370,389	$335,533	$2,434,583	$34,856

SOUTHPORT VOLUNTEER FIREMEN INC