GOODWATER FIRE DEPARTMENT INCORPORATED (EIN 205399638) - 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

2005

Legal Domicile

Principal Officer

Elmore Unbehant

Phone

2567948526

Tax Period

2024-01-01 to 2024-12-31

Goodwater Fire Department INC, founded in 2005, is a small nonprofit in the Public Safety sector that reported $211K in total revenue in fiscal year 2021. Expenses of $247K exceeded revenue, resulting in a 17% operating deficit.

Mission

Volunteer Fire Dept fire suppression and transport EMS services, community education

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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 $250,167

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $250,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,395

Other Expenses $83,395

TOTAL EXPENSES $83,395

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,167	$326,905	-0.2%
Expenses	$83,395	$326,905	-0.7%
Net Income	$166,772	$0	N/A

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
Elmore Unbehant	Chief	30	Officer	$0	$0	$0
Johathan McElrath	Asst Cheif	10	Officer	$0	$0	$0
Willie Odum	Board member	10	Officer	$0	$0	$0
Lonnie Caldwell	Board Member	10	Officer	$0	$0	$0
Elizabeth Caldwell	Board member	10	Officer	$0	$0	$0
Noell Rogers	Board Member	10	Officer	$0	$0	$0
Ida James	Board member	10	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	$250,167	$83,395	$250,167	$166,772
2023	$326,905	$326,905	$326,905	No data
2021	$211,281	$246,519	$64,762	$-35,238

GOODWATER FIRE DEPARTMENT INCORPORATED