HOT SPRINGS VOLUNTEER FIRE DEPARTMENT (EIN 203877113) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

DOUG SHAW

Phone

6057455848

Tax Period

2024-01-01 to 2024-12-31

HOT SPRINGS VOLUNTEER FIRE DEPARTMENT, founded in 1989, is a small nonprofit that reported $253K in total revenue in fiscal year 2018. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $282K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE HOT SPRINGS VOLUNTEER FIRE DEPARTMENT OPERATES WITH VOLUNTEERS FROM THE HOT SPRINGS AREA. THE DEPARTMENT ANSWERS CALLS IN HOT SPRINGS AND RURAL AREAS. SEE FURTHER DESCRIPTION IN PART III 4A

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $127,707

Program Service Revenue $92,657

Investment Income $5,514

Other Revenue $30,820

TOTAL REVENUE $256,698

Expense Breakdown

Grants Paid $200

Salaries & Benefits $21,520

Fundraising Expenses $0

Program Expenses $245,954

Other Expenses $224,577

TOTAL EXPENSES $246,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,698	$264,034	0.0%
Expenses	$246,297	$263,839	-0.1%
Net Income	$10,401	$195	+52.3%

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

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
GERALD HANSON	CAPTAIN	5.00	Officer	$0	$0	$0
DARWIN COY	CHIEF	5.00	Officer	$0	$0	$0
ROBERT EVANS	1ST ASST CHIEF	5.00	Officer	$0	$0	$0
DOUG CHAW	SECRETARY-TREASURERE	8.00	Officer	$0	$0	$0
JAMES STEVENS	2ND ASST CHIEF	5.00	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	$256,698	$246,297	$1,027,518	$10,401
2023	$264,034	$263,839	$1,023,725	$195
2022	$235,656	$243,342	$1,234,515	$-7,686
2021	$182,769	$244,847	$1,260,057	$-62,078
2020	$206,034	$202,567	$1,192,224	$3,467
2019	$137,792	$272,756	$1,188,807	$-134,964
2018	$253,243	$282,462	$1,323,198	$-29,219

HOT SPRINGS VOLUNTEER FIRE DEPARTMENT