WELLS VOLUNTEER FIRE DEPARTMENT (EIN 203587950) - 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

2005

Legal Domicile

Principal Officer

KELLY WILLIAMS

Tax Period

2023-01-01 to 2023-12-31

WELLS VOLUNTEER FIRE DEPARTMENT, founded in 2005, is a small nonprofit in the Public Safety sector that reported $113K in total revenue in fiscal year 2023. The organization ran a surplus of $20K, a strong 18% operating margin.

Mission

THE MISSION OF THE WELLS VOLUNTEER FIRE DEPARTMENT SHALL BE TO PROVIDE EMERGENCY SERVICES DESIGNED TO PROTECT THE LIVES AND PROPERTY OF THE COMMUNITY FROM THE ADVERSE EFFECTS OF FIRE, SUDDEN MEDICAL EMERGENCIES OR EXPOSURE TO DANGEROUS CONDITIONS CREATED EITHER BY MAN OR NATURE

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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 $113,013

Program Service Revenue $0

Investment Income $0

Other Revenue $14

TOTAL REVENUE $113,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,130

Other Expenses $93,130

TOTAL EXPENSES $93,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,027	$116,149	0.0%
Expenses	$93,130	$96,504	0.0%
Net Income	$19,897	$19,645	+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

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
CORBITT DOSS	TREASURER	20.00	Officer	$0	$0	$0
JEFF HENDRICKS JR	MAINTENANCE OFFICER	20.00	Officer	$0	$0	$0
KELLY WILLIAMS	FIRE CHIEF	20.00	Officer	$0	$0	$0
JULIE MCKNIGHTY	SAFETY OFFICER	20.00	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	No data	No data	No data	No data
2023	$113,027	$93,130	$624,583	$19,897
2022	$116,149	$96,504	$604,686	$19,645
2021	$118,209	$70,040	$585,043	$48,169
2020	$106,855	$55,908	$547,368	$50,947
2019	$110,430	$69,232	$502,664	$41,198
2018	$202,771	$76,345	$470,449	$126,426

WELLS VOLUNTEER FIRE DEPARTMENT