BROOKNEAL VOLUNTEER FIRE DEPARTMENT INC (EIN 204561305) - 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

2006

Legal Domicile

Principal Officer

TIM LEE

Phone

4343762123

Tax Period

2023-07-01 to 2024-06-30

Brookneal Volunteer Fire Department Inc, founded in 2006, is a small nonprofit in the Public Safety sector that reported $162K in total revenue in fiscal year 2017. Revenue decreased 11% compared to the prior year. Expenses of $215K exceeded revenue, resulting in a 33% operating deficit.

Mission

THE ORGANIZATION PROVIDES FIREFIGHTING AND RESCUE SERVICES TO RESIDENTS AND BUSINESSES OF SELECTED AREAS OF CAMPBELL COUNTY, VIRGINIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $96,340

Program Service Revenue $0

Investment Income $17,967

Other Revenue $66,275

TOTAL REVENUE $180,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $67

Program Expenses $75,487

Other Expenses $83,386

TOTAL EXPENSES $83,386

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,582	$162,061	+0.1%
Expenses	$83,386	$108,079	-0.2%
Net Income	$97,196	$53,982	+0.8%

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
RICKY ANGEL	SECRETARY	N/A	Officer Director	$0	$0	$0
JUSTIN BOMAR	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JOHN M ELDER	1ST VICE PRE	N/A	Officer Director	$0	$0	$0
TIM LEE	PRESIDENT	N/A	Officer Director	$0	$0	$0
THOMAS J MCELHONE	TREASURER	N/A	Officer Director	$0	$0	$0
KENNY WYNN	2ND VICE PRE	N/A	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	$180,582	$83,386	$1,198,527	$97,196
2023	$162,061	$108,079	$1,101,921	$53,982
2022	$178,425	$135,046	$1,047,395	$43,379
2021	$139,909	$107,131	$1,004,913	$32,778
2020	$98,981	$185,077	$971,897	$-86,096
2019	$139,390	$208,855	$1,057,448	$-69,465
2018	$161,823	$215,276	$1,126,753	$-53,453

BROOKNEAL VOLUNTEER FIRE DEPARTMENT INC