Harrisville Volunteer Fire Department (EIN 166159288) - 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

1977

Legal Domicile

Principal Officer

Diane Thomas

Phone

3155432833

Tax Period

2024-01-01 to 2024-12-31

Harrisville Volunteer Fire Department, founded in 1977, is a small nonprofit in the Public Safety sector that reported $305K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $465K exceeded revenue, resulting in a 52% operating deficit.

Mission

TO PROTECT AND PREVENT THE COMMUNITY FROM FIRE, STORM AND ETC. AND TEACH FIRE PREVENTION.

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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 $252,711

Program Service Revenue $0

Investment Income $0

Other Revenue $52,558

TOTAL REVENUE $305,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $465,103

TOTAL EXPENSES $465,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$305,269	$186,846	+0.6%
Expenses	$465,103	$140,652	+2.3%
Net Income	$-159,834	$46,194	-4.5%

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
DIANE THOMAS	President	3.00	Officer	$0	$0	$0
ASHLEY AUCTER	SECRETARY	1.00	Officer	$0	$0	$0
DONNIE THOMAS	CHIEF	2.00	Officer	$0	$0	$0
TRUDY MANSIL	TREASURER	N/A	Officer	$0	$0	$0
CHELSEA THOMAS	VICE PRESIDENT	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
2024	$305,269	$465,103	$81,433	$-159,834
2023	$186,846	$140,652	$241,267	$46,194
2022	$207,575	$82,496	$195,073	$125,079
2021	$176,208	$148,086	$69,994	$28,122
2020	$167,606	$160,391	$60,276	$7,215
2020	$167,606	$159,165	$61,502	$8,441
2019	$188,837	$362,650	$61,110	$-173,813
2018	$157,763	$122,233	$721,596	$35,530

Harrisville Volunteer Fire Department